Q1 2019 RGC Resources Inc Earnings Call Transcript
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Welcome to RGC Resources first quarter earnings call. I'm John D'Orazio, President and CEO of RGC Resources. Thank you for taking the time out of your morning to attend. (Operator Instructions) Also, the link to today's presentation is available on our website at rgcresources.com on the Investor & Financial Information page. Before we begin, just a reminder on forward-looking statements as shown on Slide 1.
Moving on to Slide 2. All right, let me repeat. So moving on to Slide 2, we plan to review key operational financial highlights, our outlook for 2019 and take any questions.
As shown on Slide 3, first quarter 2019 earnings per share are $0.30, which is a $0.02 or 7% improvement over first quarter of 2018.
As Slide 4 highlights, we invested $5.7 million in a regulated utility in the first quarter, a 6% increase over the same period last year. We spent approximately $1.4 million on infrastructure replacement, $2.9 million on customer growth and $1.5 million on other capital needs. The
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