Rgc resources, inc. reports first quarter earnings

Roanoke, va., feb. 08, 2023 (globe newswire) -- rgc resources, inc. (nasdaq: rgco) announced consolidated company earnings of $3,256,405, or $0.33, per share for the quarter ended december 31, 2022. this compares to consolidated earnings of $3,584,529, or $0.43 per share, for the quarter ended december 31, 2021. ceo paul nester stated, “the roanoke gas utility experienced strong customer demand and improved utility margins. the overall earnings decline was primarily attributable to increased operational costs resulting from the inflationary environment and interest expense attributable to higher interest rates on floating rate debt.”
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