RGC RESOURCES INC

For the period ended Mar 31, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

RGCO$22.70-4.0%Stored close · as of Nov 10, 2026

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Contents

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended March 31,		Six Months Ended March 31,
	2024	2023	2024	2023
OPERATING REVENUES:
Gas utility	$32,632,331	$38,000,977	$57,024,185	$71,253,744
Non utility	27,045	28,680	54,543	58,248
Total operating revenues	32,659,376	38,029,657	57,078,728	71,311,992
OPERATING EXPENSES:
Cost of gas - utility	15,299,390	21,285,057	25,396,406	42,089,210
Cost of sales - non utility	6,704	4,680	11,854	9,273
Operations and maintenance	5,322,655	4,090,728	9,657,852	8,011,241
General taxes	703,211	638,229	1,335,456	1,227,279
Depreciation and amortization	2,697,707	2,419,541	5,395,414	4,839,082
Total operating expenses	24,029,667	28,438,235	41,796,982	56,176,085
OPERATING INCOME	8,629,709	9,591,422	15,281,746	15,135,907
Equity in earnings of unconsolidated affiliate	1,229,384	2,867	2,697,219	4,099
Other income, net	89,487	121,824	210,273	196,430
Interest expense	1,566,613	1,395,862	3,202,886	2,765,026
INCOME BEFORE INCOME TAXES	8,381,967	8,320,251	14,986,352	12,571,410
INCOME TAX EXPENSE	1,938,577	1,978,365	3,522,970	2,973,119
NET INCOME	$6,443,390	$6,341,886	$11,463,382	$9,598,291
BASIC EARNINGS PER COMMON SHARE	$0.63	$0.64	$1.14	$0.97
DILUTED EARNINGS PER COMMON SHARE	$0.63	$0.64	$1.13	$0.97
DIVIDENDS DECLARED PER COMMON SHARE	$0.2000	$0.1975	$0.4000	$0.3950

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.