Rgc resources, inc. reports second quarter earnings

Roanoke, va., may 05, 2023 (globe newswire) -- rgc resources, inc. (nasdaq: rgco) announced consolidated company earnings of $6,341,886, or $0.64 per share, for the quarter ended march 31, 2023, compared to a net loss of $24,494,429, or $2.89 per share, for the quarter ended march 31, 2022. underlying earnings of $6,341,886, a non-gaap measure that excludes the after-tax impairments recorded in fiscal 2022, for the current fiscal quarter represents a 25% increase over the prior year second fiscal quarter underlying earnings of $5,077,546. ceo paul nester stated, “we experienced strong underlying earnings growth from improved utility margins associated with customer growth and implementation of the new non-gas rates.”
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