RGC Resources, Inc. (NASDAQ:RGCO) Q2 2024 Earnings Call Transcript

Michael Gaugler: Okay. And then just kind of a follow-up. Does it make sense for you to take every molecule you can get out of MVP versus the other pipes?

Paul Nester: That’s a good question. So we utilize an asset manager to optimize our natural gas supply as it relates to our capacity for our customers’ benefit, Mike. And I think on a day-to-day nominating basis, they’ll again, do what they always do which is the most cost efficient for the customer. So as you know, it will depend on market conditions on a day-to-day basis. And how the pricing hubs are moving relative to our pricing basket. I think, Tommy, we have 7 pricing points, 8 pricing points in our basket currently.

Tommy Oliver: That’s right, yes.

Paul Nester: Yes. So all that Mike will come together on a daily basis. So I don’t know that it’s 100% certain every single day that they would take full MVP capacity versus, in this case, East Tennessee or TransCanada.

Michael Gaugler: Okay. Well, thank you. Much appreciated. And congrats on an NVP in service data [ph]. I guess there is going to be quite a party.

Paul Nester: Well, thank you. We haven’t had time to plan the party yet but we’ll let you know.

Michael Gaugler: All right, Paul. Thank you.

Paul Nester: Thank you so much. Do we have any other questions? [Operator Instructions]

Paul Nester: Well, hearing none, we thank everyone for joining us this morning and reviewing our second quarter. We as always, look forward to being with you in about 3 months as we review our third quarter results, wishing everyone a safe and pleasant Monday and rest of the work week. Thank you very much.