Rgc resources, inc. reports third quarter earnings

Roanoke, va., aug. 03, 2023 (globe newswire) -- rgc resources, inc. (nasdaq: rgco) announced consolidated company earnings of $686,816, or $0.07 per share, for the quarter ended june 30, 2023, compared to earnings of $592,527, or $0.06 per share, for the quarter ended june 30, 2022. ceo paul nester stated, “we experienced earnings growth driven primarily by improved utility margins and the investment in mountain valley pipeline (mvp), net of higher interest expense.” nester further commented, “we are pleased that the u.s. supreme court acted quickly, allowing the mvp project to resume forward construction and hopefully enabling a much needed, new supply of natural gas to the roanoke region by this winter.”
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