RGC Resources, Inc. Reports 2024 Earnings
RGC Resources Inc. (RGCO)
Last rgc resources inc. earnings: 2/3 04:30 pm
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US:NASDAQ Investor Relations:
rgcresources.com
Company Research
Source: GlobeNewswire
ROANOKE, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $11,760,896, or $1.16 per share, for the fiscal year ended September 30, 2024, compared to $11,299,282, or $1.14 per share, for the fiscal year ended September 30, 2023. The increase reflected higher levels of earnings from the Company’s investment in the Mountain Valley Pipeline (“MVP”) due to more AFUDC in fiscal 2024 prior to the pipeline being placed in service in June 2024. The lower cost of natural gas in 2024 reduced bills to customers and revenues for the Company, despite inflationary costs leading to higher tariffs. Interest expense also increased primarily due to higher interest rates. Roanoke Gas continued investing in utility infrastructure to enhance system reliability and enable growth in customers and earnings. CEO Paul Nester stated, “Gas flowing through the MVP in 2024 is a major milestone we worked hard to achieve, and one we and the region
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RGCO
News
- RGC Resources, Inc. (NASDAQ: RGCO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- RGC Resources, Inc. (NASDAQ: RGCO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- All You Need to Know About RGC Resources (RGCO) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- RGC Resources' (NASDAQ:RGCO) Dividend Will Be Increased To $0.2075 [Yahoo! Finance]Yahoo! Finance
- RGC Resources Inc (RGCO) Q4 2024 Earnings Call Highlights: Revenue Growth Amidst Challenges [Yahoo! Finance]Yahoo! Finance
RGCO
Earnings
- 11/13/24 - Beat
RGCO
Sec Filings
- 12/20/24 - Form 4
- 12/5/24 - Form 8-K
- 12/5/24 - Form DEF
- RGCO's page on the SEC website