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RGC Resources, Inc. Second Quarter Financial Results

RGC Resources, Inc. RGCO, +1.87% announced consolidated Company earnings of $3,111,447 or $0.65 per average share outstanding for the quarter ended March 31, 2016. This compares to consolidated earnings of $2,779,344 or $0.59 per average share outstanding for the quarter ended March 31, 2015. CFO Paul Nester attributed the increase to improved utility margins, customer growth and lower operating expenses.

Earnings for the twelve months ending March 31, 2016 were $5,424,932 or $1.14 per share compared to $1.03 per share for the twelve months ended March 31, 2015. Nester attributed the higher year-over-year earnings primarily to improved utility margins, customer growth and lower interest expense.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company, RGC Midstream, LLC and RGC Ventures of Virginia, Inc.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and...


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