Rgc resources, inc. reports second quarter earnings

Roanoke, va., may 10, 2021 (globe newswire) -- rgc resources, inc. (nasdaq: rgco) announced consolidated company earnings of $4,767,478 or $0.58 per share for the quarter ended march 31, 2021. this compares to consolidated earnings of $5,680,316 or $0.70 per share for the quarter ended march 31, 2020. ceo paul nester stated, “we continue to experience customer growth and improved utility margins associated with infrastructure replacement programs. the overall earnings decline was primarily attributable to the cessation of the non-cash mvp afudc beginning january 1, 2021.”
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