RGC Resources, Inc. (NASDAQ:RGCO) Q2 2023 Earnings Conference Call May 8, 2023 9:00 AM ET

Company Participants

Tommy Oliver - Senior Vice President of Regulatory and External Affairs

Paul Nester - President and Chief Executive Officer

Jason Field - Chief Financial Officer and Treasurer

Conference Call Participants

Michael Gaugler - Janney Montgomery Scott

Tommy Oliver

Good morning, everybody. I'm Tommy Oliver, Senior Vice President of Regulatory and External Affairs for RGC Resources, Inc. I want to thank you for joining us as we discuss RGC Resources 2023 Second Quarter Results.

But before we get started, let's review a few administrative items. We have muted all lines and asked that all participants remain muted. At the conclusion of the presentation and our remarks, we will take questions. And lastly, the link to today's presentation is available on the Investor and Financial Information page on our website at www.rgcresources.com.

So, turning to Slide 1. This presentation contains forecasts and projections. So, Slide 1 is the forward-looking statement disclaimer. Slide 2 contains our agenda. We will review our quarterly operational and financial results and discuss the outlook for the remainder of fiscal 2023 with time allotted for questions at the end.

I would like to introduce Paul Nester, President and CEO of RGC Resources. Paul?

Paul Nester

Thank you, Tommy. Good morning, and thank you to everyone for joining us. And I would also like to thank Kelsie Davenport, our Director of Finance; and Jason Field, our CFO, for putting today's presentation together.

We're on Slide 3, and we're off to a good start in the first half of fiscal 2023, particularly in our operations and customer service area. And I would like to mention our Roanoke Gas utility, in particular, has two main goals. First goal, of course, is safety, and that's customer safety, employee safety, public safety. And then secondly, customer service. We are here to serve the customer as a public service corporation in the State of Virginia.

I would also like to add, I know we've talked about this on previous calls and the chart indicates this with our 336 new services and our 2.7 miles of main extension, we continue to see individual and commercial interest from natural gas.

As you know, there are a lot of headlines, particularly recently with what's going on in New York State about natural gas ban, as contrary to our experience on a day-to-day basis, and we are proud to continue fulfilling that demand with affordable, reliable natural gas.