Revenue Update on Delta Natural Gas Company(NASDAQ:DGAS)

Delta Natural Gas Company(NASDAQ:DGAS) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Intraday on Feb 3, 2017. Company reported revenue of $18.937M. Analysts estimated a revenue of $77.000M. The revenues were -75.41% below the estimates. Earnings per share were $0.34.

Delta Natural Gas Company (DGAS) made into the market gainers list on Tuesdays trading session with the shares advancing 1.99% or 0.52 points. Due to strong positive momentum, the stock ended at $26.63, which is also near the day’s high of $27.07. The stock began the session at $26.07 and the volume stood at 2,351 shares. The 52-week high of the shares is $31.29 and the 52 week low is $21. The company has a current market capitalization of $190 M and it has 71,16,381 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, John B Brown (COO, Treasurer & Secretary) sold 150 shares at $22.37 per share price.Also, On Feb 2, 2016, Matthew D Wesolosky (VP-Controller) sold 150 shares at $21.81 per share price.On Feb 2, 2016, Brian Ramsey (VP – Trans. & Gas Supply) sold 150 shares at $21.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Delta Natural Gas Company Inc. is engaged in distributing or transporting natural gas to approximately 36000 customers. The Company operates in two segments: regulated segment and a non-regulated segment. Its distribution and transmission systems are located in central and southeastern Kentucky and it owns and operates an underground storage field in southeastern Kentucky. It transports natural gas to its industrial customers who purchase their natural gas in the open market and it also transports natural gas on behalf of local producers and customers not on its distribution system. It has three subsidiaries: Delta Resources Inc. which buys natural gas and resells it to industrial or other customers on its system; Delgasco Inc. which buys natural gas and resells it to Delta Resources and to customers not on its system and Enpro Inc. which owns and operates natural gas production properties and undeveloped acreage. It maintains an active natural gas supply management program.

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