RGC RESOURCES INC
For the period ended Sep 30, 2024. Filed Dec 5, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Dec 5, 2024
RGCO$22.70-4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| 2024 | 2023 | |
|---|---|---|
| OPERATING REVENUES: | ||
| Gas utility | $84,533,101 | $97,325,307 |
| Non utility | 108,131 | 114,458 |
| Total operating revenues | 84,641,232 | 97,439,765 |
| OPERATING EXPENSES: | ||
| Cost of gas - utility | 35,967,987 | 51,742,718 |
| Cost of sales - non utility | 24,003 | 25,603 |
| Operations and maintenance | 18,354,736 | 15,903,972 |
| Taxes other than income taxes | 2,694,652 | 2,324,314 |
| Depreciation and amortization | 10,518,094 | 9,764,678 |
| Total operating expenses | 67,559,472 | 79,761,285 |
| OPERATING INCOME | 17,081,760 | 17,678,480 |
| Equity in earnings of unconsolidated affiliate | 3,851,871 | 2,084,990 |
| Other income, net | 1,028,761 | 646,528 |
| Interest expense | 6,504,885 | 5,618,805 |
| INCOME BEFORE INCOME TAXES | 15,457,507 | 14,791,193 |
| INCOME TAX EXPENSE | 3,696,611 | 3,491,911 |
| NET INCOME | $11,760,896 | $11,299,282 |
| EARNINGS PER COMMON SHARE: | ||
| Basic | $1.16 | $1.14 |
| Diluted | $1.16 | $1.14 |
| WEIGHTED AVERAGE SHARES OUTSTANDING: | ||
| Basic | 10,152,909 | 9,922,701 |
| Diluted | 10,156,480 | 9,927,157 |
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