Rgc Resources ( (RGCO) ) has released its Q3 earnings. Here is a breakdown of the information Rgc Resources presented to its investors.
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RGC Resources, Inc. is a company that provides energy and related products and services in Virginia through its subsidiaries, Roanoke Gas Company and RGC Midstream, LLC, focusing on delivering safe and reliable energy to the Roanoke region.
In its latest earnings report, RGC Resources, Inc. announced a significant increase in its third-quarter earnings, with consolidated earnings reaching $538,412, or $0.05 per share, compared to $156,692, or $0.02 per share, in the same quarter of the previous year. This growth is attributed to higher earnings from its investment in the Mountain Valley Pipeline, LLC (MVP).
The company’s financial performance for the first nine months of fiscal 2025 also showed improvement, with net income rising to $13,484,309, or $1.31 per share, up 16% from $11,620,074, or $1.15 per share, in the previous year. This increase was driven by higher operating margins and enhanced earnings from the MVP investment. Additionally, operating revenues for the nine months increased to $81,016,198 from $71,536,930, reflecting strong financial results from prudent system investments and operational performance.
Looking ahead, RGC Resources, Inc. remains committed to creating value for its shareholders and community by continuing its focus on providing reliable energy services. The company’s management is optimistic about maintaining its growth trajectory, supported by strategic investments and operational efficiencies.