Delta Natural Gas reports financial reports.

WINCHESTER, Ky.--(BUSINESS WIRE)--Nov. 17, 1994--Delta Natural Gas Company Inc. hereby reports operating results for the following periods ended Sept. 30, 1994 and 1993:

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                   Delta Natural Gas Company Inc.
                       Financial Highlights

                         Three Months Ended     Twelve Months Ended
                           September 30,            September 30,
                         1994         1993         1994       1993

Operating revenues  $ 3,634,262  $ 3,585,499  $34,895,704  $31,340,531
Earnings (loss) on
 common shares      $  (633,058) $  (542,285) $ 2,580,228  $ 2,554,358
Earnings (loss)
 per common share   $      (.34) $      (.33) $      1.42  $      1.56
Dividends declared
 per common share   $       .28  $      .275  $      1.11  $      1.09

    The increase in revenues and earnings for the twelve months
ended Sept. 30, 1994 were due primarily to increased sales volumes
of 8.4% resulting from cooler weather in 1994.  The number of retail
customers served increased by 2.6% for the twelve months just ended.
Dilution from the 170,000 shares of stock issued during October
1993 resulted in the decline in earnings per share.
    The board of directors of Delta Natural Gas Company Inc. at a
meeting held Nov. 17, 1994, authorized a quarterly stock dividend of
twenty-eight cents ($.28) per share to be paid Dec. 15, 1994 to all
common shareholders of record as of Dec. 1, 1994.

CONTACT: Delta Natural Gas Company Inc., Winchester

John F. Hall, 606/744-6171