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Stock impact report

RGC Resources, Inc. Reports First Quarter Earnings [Yahoo! Finance]

RGC Resources Inc. (RGCO) 
Last rgc resources inc. earnings: 2/3 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: rgcresources.com
Company Research Source: Yahoo! Finance
per share, for the first quarter ended December 31, 2023, compared to $3,256,405, or $0.33 per share, for the fiscal quarter ended December 31, 2022. The increase over the quarter a year ago included nearly $1.5 million in earnings from the Company's investment in the Mountain Valley Pipeline, LLC (“MVP”) as well as improved utility margins. Roanoke Gas continued to make investments in utility infrastructure to improve system reliability and deliver gas to new customers to drive earnings. CEO Paul Nester stated, “Higher utility margins were welcomed in the quarter particularly in light of inflationary pressures that will temper performance in the coming quarters. Good weather enabling strong construction progress of the MVP during the quarter was gratifying, and we eagerly await for the completion of the pipeline.” Nester further commented, “Roanoke Gas is experiencing increasing costs and has filed for relief through a rate application with the State Corporation Commission.” RGC Show less Read more
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