RGC Resources (RGCO) Reports Q1 EPS of $0.40

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Go back to RGC Resources (RGCO) Reports Q1 EPS of $0.40

RGC Resources, Inc. First Quarter Financial Results

February 1, 2016 5:26 PM EST

ROANOKE, Va., Feb. 01, 2016 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $1,922,790 or $0.40 per average share outstanding for the quarter ended December 31, 2015.  This compares to consolidated earnings of $1,924,376 or $0.41 per average share outstanding for the quarter ended December 31, 2014.  CFO Paul Nester attributed the essentially flat earnings to slightly improved utility margins offset by higher depreciation.

Earnings for the twelve months ending December 31, 2015 were $5,092,829 or $1.08 per share compared to $4,910,028 or $1.04 per share for the twelve months ended December 31, 2014.  Nester attributed the increase in earnings to improved utility margins, customer growth... More