RGC Resources Inc. has released its latest 10-Q report, detailing increased operating revenues of $30.26 million due to higher gas costs but a decrease in net income by $386,824 due to inflationary pressures. The report highlights the seasonal nature of their natural gas distribution business, regulatory oversight, and strategic infrastructure investments including an RNG facility. The company anticipates a resolution to its expedited rate application in fiscal Q1 2027 and continued cash distributions from its MVP investment.
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RGC RESOURCES INC SEC 10-Q Report
RGC Resources Inc. has released its latest 10-Q report, detailing increased operating revenues of $30.26 million due to higher gas costs but a decrease in net income by $386,824 due to inflationary pressures. The report highlights the seasonal nature of their natural gas distribution business, regulatory oversight, and strategic infrastructure investments including an RNG facility. The company anticipates a resolution to its expedited rate application in fiscal Q1 2027 and continued cash distributions from its MVP investment.