RGC RESOURCES INC

For the period ended Jun 30, 2024. Filed Aug 6, 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.

Jun 30, 2024 · Filed Aug 6, 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 June 30,		Nine Months Ended June 30,
	2024	2023	2024	2023
OPERATING REVENUES:
Gas utility	$14,431,379	$13,631,856	$71,455,564	$84,885,600
Non utility	26,823	28,389	81,366	86,637
Total operating revenues	14,458,202	13,660,245	71,536,930	84,972,237
OPERATING EXPENSES:
Cost of gas - utility	5,344,684	5,003,371	30,741,090	47,092,581
Cost of sales - non utility	4,567	4,724	16,421	13,997
Operations and maintenance	4,221,661	3,845,377	13,879,513	11,856,618
General taxes	631,990	588,767	1,967,446	1,816,046
Depreciation and amortization	2,697,707	2,419,541	8,093,121	7,258,623
Total operating expenses	12,900,609	11,861,780	54,697,591	68,037,865
OPERATING INCOME	1,557,593	1,798,465	16,839,339	16,934,372
Equity in earnings of unconsolidated affiliate	282,604	519,482	2,979,823	523,581
Other income (expense), net	(69,349)	6,725	140,924	203,155
Interest expense	1,567,093	1,423,566	4,769,979	4,188,592
INCOME BEFORE INCOME TAXES	203,755	901,106	15,190,107	13,472,516
INCOME TAX EXPENSE	47,063	214,290	3,570,033	3,187,409
NET INCOME	$156,692	$686,816	$11,620,074	$10,285,107
BASIC EARNINGS PER COMMON SHARE	$0.02	$0.07	$1.15	$1.04
DILUTED EARNINGS PER COMMON SHARE	$0.02	$0.07	$1.15	$1.04

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.