RGC Resources reports Q4 EPS 10c vs. ($1.16) last year

Reports Q4 revenue $12.5M vs. $14.11M last year. CEO Paul Nester stated, “Higher utility margins and the start-up of the renewable natural gas facility in March drove utility income growth. We were also excited to see construction of the MVP resume this year and look forward to completion of the pipeline in early 2024. Additionally, the overall earnings improvement included the increased non-cash MVP earnings offset by higher borrowing costs in the Midstream subsidiary.”