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Delta Natural Gas Company reports financial results.

WINCHESTER, Ky.--(BUSINESS WIRE)--Feb. 9, 1995--Delta Natural Gas Company, Inc. (NASDAQ:DGAS) hereby reports consolidated results for the following periods ended December 31, 1994 and 1993:

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 DELTA NATURAL GAS COMPANY, INC.


 Three Months Ended Six Months Ended
 December 31 December 31
 1994 1993 1994 1993
OPERATING REVENUES $7,131,698 $7,814,638 $10,765,960 $11,400,137
NET INCOME $ 228,119 $ 578,448 $ (404,939) $ 36,163
NET INCOME PER COMMON
 SHARE $ .12 $ .32 $ (.22) $ .02
DIVIDEND DECLARED PER
 COMMON SHARE $ .28 $ .275 $ .56 $ .55


 Twelve Months Ended
 December 31
 1994 1993
OPERATING REVENUES $34,212,764 $31,442,579
NET INCOME $ 2,229,899 $ 2,416,796
NET INCOME PER COMMON
 SHARE $ 1.21 $ 1.43
DIVIDEND DECLARED PER
 COMMON SHARE $ 1.115 $ 1.095




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The increase in operating revenues for the twelve months ended December 31, 1994 was primarily due to increases in the cost of gas purchased that were reflected in rates billed to customers through Delta's gas cost recovery clause and from a 2.4% increase in the number of customers served. The decreases in operating revenues and net income for the three and six months ended December 31, 1994 were primarily due to decreases in retail sales volumes as a result of the warmer winter weather in 1994 as compared to 1993. Per share earnings for the periods reflect the sale of 170,000 shares of common stock in October, 1993.

CONTACT: Delta Natural Gas Company, Inc., Winchester

John F. Hall, 606/744-6171
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Publication:Business Wire
Date:Feb 9, 1995
Words:253
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