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Stock impact report

RGC Resources Inc (RGCO) Reports Increased Earnings in First Quarter [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
Operating Revenues : Decreased to $24,419,352 from $33,282,335 year-over-year. Operating Income : Rose to $6,652,037 from $5,544,485 in the same quarter last year. Equity in Earnings of Unconsolidated Affiliate : Grew significantly to $1,467,835 from just $1,232. Interest Expense : Increased to $1,636,273 from $1,369,164 year-over-year. Dividends : Cash dividends per common share increased slightly to $0.2000 from $0.1975. Warning! GuruFocus has detected 5 Warning Signs with RGCO. RGC Resources Inc ( NASDAQ:RGCO ) released its 8-K filing on February 5, 2024, announcing a significant increase in consolidated earnings for the first quarter ended December 31, 2023. The company, which operates in the regulated utilities industry, reported a net income of $5,019,992, or $0.50 per share, compared to the previous year's $3,256,405, or $0.33 per share. This improvement was primarily attributed to nearly $1.5 million in earnings from the company's investment in the Mountain Valley Show less Read more
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