Delta Natural Gas announces earnings and dividend

Business Wire, May 22, 1997

WINCHESTER, Ky.--(BUSINESS WIRE)--May 22, 1997--Delta Natural Gas Co. Inc. (NASDAQ: DGAS) hereby reports consolidated results for the following periods ended March 31, 1997 and 1996: -0-

                                               Three Months Ended
                                                    March 31
                                                1997        1996

Operating revenues                          $18,651,406  $16,023,581
Net income                                  $ 2,050,318  $ 2,725,444
Net income per common share                 $       .88  $      1.44
Dividends declared per common share         $      .285  $       .28


                                               Nine Months Ended
                                                    March 31
                                                1997        1996

Operating revenues                          $32,749,137  $28,205,217
Net income                                  $ 1,514,175  $ 2,613,871
Net income per common share                 $       .66  $      1.39
Dividends declared per common share         $      .855  $       .84


                                               Twelve Months Ended
                                                    March 31
                                                1997        1996

Operating revenues                          $41,119,975  $34,380,315
Net income                                  $ 1,561,653  $ 2,680,551
Net income per common share                 $       .71  $      1.43
Dividends declared per common share         $     1.135  $      1.12