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Jun 30, 2022
RGC Resources Q3 2022 Earnings Report
RGC Resources reported earnings of $0.06 per share for the quarter ended June 30, 2022.
Key Takeaways
RGC Resources, Inc. reported consolidated earnings of $592,527, or $0.06 per share, for the quarter ended June 30, 2022. This is a decrease compared to the consolidated earnings of $610,840, or $0.07 per share, for the quarter ended June 30, 2021. The decline was primarily attributable to lower non-cash MVP AFUDC income.
Consolidated earnings for the quarter were $592,527, or $0.06 per share.
Earnings decreased compared to the same quarter last year, which had earnings of $610,840, or $0.07 per share.
Customer growth and improved utility margins associated with infrastructure replacement programs were experienced.
The overall earnings decline was primarily attributable to the lower non-cash MVP AFUDC income.
RGC Resources
RGC Resources
Forward Guidance
The Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from any expectations expressed in the Company’s forward-looking statements, regarding customer growth, infrastructure investment and margins.