Rgc resources, inc. reports 2023 earnings

Roanoke, va., nov. 20, 2023 (globe newswire) -- rgc resources, inc. (nasdaq: rgco) announced consolidated company earnings of $11,299,282, or $1.14 per share, for the fiscal year ended september 30, 2023, compared to a net loss of $31,732,602, or $3.48 per share, for the fiscal year ended september 30, 2022. the 2022 net loss reflected total after-tax impairment charges of approximately $40.9 million related to rgc midstream, llc's (“midstream”) investment in the mountain valley pipeline, llc (“mvp”). underlying net income in 2022, a non-gaap measure that excludes the impairment, was $9,178,942, or $1.01 per share, compared to the $11,299,282, or $1.14 per share, for fiscal 2023.
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