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Sep 30, 2021
RGC Resources Q4 2021 Earnings Report
RGC Resources' earnings remained unchanged, breaking even for the quarter, despite a decrease in overall earnings for the fiscal year due to lower non-cash Mountain Valley Pipeline earnings, while prior year showed a net loss.
Key Takeaways
RGC Resources, Inc. reported that they broke even for the quarter ending September 30, 2021, compared to a net loss in the previous year. The company's full-year earnings were $10,102,062, or $1.22 per share, a decrease from the previous year's earnings of $10,564,534, or $1.30 per share. The fourth quarter results were positively impacted by American Rescue Plan Act (ARPA) funds.
RGC Resources broke even for the quarter ending September 30, 2021.
Full year earnings were $10,102,062, or $1.22 per share.
Prior year earnings were $10,564,534, or $1.30 per share.
Fourth quarter results were favorably impacted by American Rescue Plan Act (ARPA) funds.