RGC Resources

RGC Resources, Inc. is a holding company, which engages in the distribution and sale of natural gas to residential, commercial, and industrial users in its service territory. The firm operates through the following segments: Gas Utility, Investment in Affiliates, and Parent and Other. The Gas Utility segment focuses on tariff rates and other regulatory mechanisms through which it provides for the sale and distribution of natural gas to customers. The Investment in Affiliates includes investment activities in MVP and Southgate projects. The Parent and Other segment consists of unregulated activities and corporate eliminations. The company was founded on July 31, 1998 and is headquartered in Roanoke, VA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

RGC Resources reports solid Q1 performance amidst challenges and opportunities

RGC Resources demonstrated strong operational performance and strategic foresight in Q1 2023, despite facing challenges such as customer count fluctuations and net income decline.
The company's focus on utility property investments, rate increases, and renewable energy projects underscores a commitment to sustainable growth and resilience in a dynamic market environment.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, RGC Resources is poised to navigate industry complexities and drive value for stakeholders in the upcoming quarters.

RGC Resources reports increased income despite mild winter, eyes growth

RGC Resources demonstrates resilience in financial performance despite challenges, with a focus on safety and customer service. The company anticipates growth through increased gas usage and strategic initiatives.

RGC Resources reports income growth amidst customer expansion and challenges

RGC Resources demonstrated solid financial performance with income increases and customer growth.
While facing challenges in gas volumes and construction delays, the company maintains a focus on financial management.
Opportunities lie in revenue expansion through customer growth and strategic investments in infrastructure.

RGC Resources reports robust Q4 earnings, eyes growth opportunities

RGC Resources demonstrated strong financial performance in Q4 2023, driven by customer growth and strategic investments in infrastructure.
While facing challenges such as earnings moderation and subsidiary breakeven, the company is well-positioned for future growth.
Opportunities lie in upcoming capital spending, pipeline completion, and revenue generation from pipeline operations and tie-ins.

RGC Resources reports strong Q1 earnings amidst rate increase filing

RGC Resources demonstrated robust financial performance with income and customer growth.
While facing challenges from weather-related volume fluctuations, the company maintains a stable outlook.
Strategic opportunities lie in industrial utilization growth and pipeline project advancements.
Overall, RGC Resources shows resilience and potential for revenue expansion.

RGC Resources reports solid Q2 performance amidst regulatory advancements

RGC Resources demonstrated resilience with increased gas volumes and customer base growth, despite a slight decline in operating income.
Efficient cost management and strategic regulatory initiatives position the company for sustained financial performance and growth.
While facing challenges like margin pressures and weather-dependent operations, RGC Resources leverages opportunities in infrastructure expansion and debt refinancing for future success.

RGC Resources navigates challenges, eyes growth opportunities in Q3 2024

RGC Resources demonstrated growth in key areas but faced challenges with lower volumes and financial performance.
The company's strategic strengths lie in its expansion efforts, pipeline project, and focused financial planning.
Addressing challenges such as cost pressures and revenue declines will be crucial for future success.
Opportunities in revenue growth, pipeline expansion, and strategic planning pave the way for a promising future.

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There were a few double-digit boosts in the first half of November. Most notably, ADP came through with a 20% increase and Snap-On Tools with a 14% increase. Emerson extended its dividend growth streak to 66 years with a 1% boost and Lancaster Colony started its 7th decade of dividend growth with a 6% increase.

Merck, Nike Among 14 Companies To Announce Annual Dividend Increases In The Second Half Of November

RGC Resources, Inc. (NASDAQ:RGCO ) Q3 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Paul Nester - President, CEO Jason Field - CFO Tommy Oliver - VP, RA&S Kelsie Davenport - DoF Conference Call Participants Paul Nester Good morning. I'm Paul Nester, President and CEO of RGC Resources.

RGC Resources (RGCO) CEO Paul Nester on Q3 2022 Results - Earnings Call Transcript

RGC Resources Inc. (RGCO) delivered earnings and revenue surprises of 200% and 15.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

RGC Resources Inc. (RGCO) Surpasses Q3 Earnings and Revenue Estimates

ROANOKE, Va., July 26, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal third quarter on Thursday, August 11, 2022 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/ .

RGC Resources, Inc. Schedules Third Quarter 2022 Earnings Call

ROANOKE, Va., May 16, 2022 (GLOBE NEWSWIRE) -- The Western Virginia Water Authority (Authority) and Roanoke Gas Company (Roanoke Gas), a subsidiary of RGC Resources, Inc., have entered into a cooperative agreement to produce commercial quality renewable natural gas, or RNG, from bio gas produced at the Roanoke Regional Water Pollution Control Plant. This RNG product, the first of its kind in the Commonwealth, will necessitate construction of a digester gas conditioning system and interconnect facility at the Water Pollution Control Plant (WPC Plant). Representatives from the Authority, Roanoke Gas and the community will break ground on this project Tuesday, May 17 at 2 pm at the Roanoke Regional WPC Plant.

Roanoke Gas Company and the Western Virginia Water Authority break ground on a facility to convert biogas into renewable natural gas for the benefit of the community

RGC Resources, Inc. (NASDAQ:RGCO ) Q2 2022 Earnings Conference Call May 11, 2022 9:00 AM ET Company Participants Paul Nester - President, CEO & Director Jason Field - VP, CFO & Treasurer Conference Call Participants Paul Nester Good morning. I'm Paul Nester, President and CEO of RGC Resources.

RGC Resources, Inc. (RGCO) CEO Paul Nester on Q2 2022 Results - Earnings Call Transcript

ROANOKE, Va., May 09, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) will host its rescheduled quarterly conference call and webcast to review the results of its fiscal second quarter on Wednesday, May 11, 2022 at 9:00 a.m. eastern time. Related presentation materials are available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/. The call has been rescheduled due to technical difficulties encountered in the originally scheduled call.

RGC Resources, Inc. Reschedules Second Quarter 2022 Earnings Call

RGC Resources Inc. (RGCO) delivered earnings and revenue surprises of -9.09% and 1.57%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

RGC Resources Inc. (RGCO) Q2 Earnings and Revenues Lag Estimates

ROANOKE, Va., April 29, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal second quarter on Monday, May 9, 2022 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/ .

RGC Resources, Inc. Schedules Second Quarter 2022 Earnings Call

ROANOKE, Va., April 08, 2022 (GLOBE NEWSWIRE) -- Robert Johnston was appointed to the Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO) at a board meeting held on April 7, 2022. He will serve as a Class B Director.

RGC Resources, Inc. Appoints Robert Johnston to Board of Directors

ROANOKE, Va., March 30, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (“Resources”, the “Company”, NASDAQ:RGCO), parent company to Roanoke Gas Company and RGC Midstream, LLC, closed today a $4 million common stock investment by funds and accounts advised by T. Rowe Price Investment Management, Inc. (“T. Rowe Price”).   T. Rowe Price's investment follows the $23 million of investments announced by Resources on March 28, 2022.

RGC Resources, Inc. Announces $4 Million Investment From T. Rowe Price

ROANOKE, Va., March 28, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (“Resources”, the “Company”, NASDAQ:RGCO), parent company to Roanoke Gas Company and RGC Midstream, LLC, closed today a $21 million common stock investment by affiliates of The InterTech Group, Inc. (“InterTech”). Resources also closed an additional $2 million common stock investment by long-time shareholder Ted Gibson.

RGC Resources, Inc. Announces $21 Million Investment From The InterTech Group

ROANOKE, Va., Feb. 22, 2022 (GLOBE NEWSWIRE) -- RGC Midstream, LLC (“Midstream”), a subsidiary of RGC Resources, Inc. (“Resources”, the “Company”, NASDAQ: RGCO), issued the following statement concerning its investment in the Mountain Valley Pipeline (“MVP”), LLC:

RGC Resources, Inc. Statement Regarding Mountain Valley Pipeline Project

RGC Resources, Inc. (RGCO) CEO Paul Nester on Q1 2022 Results - Earnings Call Transcript

RGC Resources Inc. (RGCO) delivered earnings and revenue surprises of -20.37% and 10.78%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

RGC Resources Inc. (RGCO) Q1 Earnings Lag Estimates

ROANOKE, Va., Feb. 07, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $3,584,529 or $0.43 per diluted share for the quarter ended December 31, 2021. This compares to consolidated earnings of $4,723,263 or $0.58 per diluted share for the quarter ended December 31, 2020. CEO Paul Nester stated, “The reduction in consolidated earnings is primarily due to a $1.3 million decline in non-cash equity earnings. Roanoke Gas continued to show improved margins associated with customer growth and infrastructure replacement programs.”

RGC Resources, Inc. Reports First Quarter Earnings

ROANOKE, Va., Feb. 03, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal first quarter on Tuesday, February 8, 2022 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/ .

RGC Resources, Inc. Schedules First Quarter 2022 Earnings Call

RGC Resources Inc. (RGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: RGC Resources Inc. (RGCO) Q1 Earnings Expected to Decline

RGC Resources is a fairly small Virginian utility that boasts incredibly stable YOY cash flows and a growing dividend. The company is able to easily afford its dividend, which means that it can certainly continue to pay its 3.41% yield.

RGC Resources: Lack Of Forward Growth A Concern

ROANOKE, Va., Jan. 12, 2022 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced Jason Field joined the company January 10, 2022 and will be appointed Vice President, Chief Financial Officer and Treasurer. As a member of the Company's executive team, Mr. Field will lead Resources' Finance organization and will report to Paul Nester.

RGC Resources, Inc. Names Chief Financial Officer

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In this article series, we provide a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases.

Dividend Increases: November 27-December 3, 2021

RGC Resources, Inc. (RGCO) CEO Paul Nestor on Q4 2021 Results - Earnings Call Transcript

ROANOKE, Va., Nov. 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on November 29, 2021, declared a quarterly dividend of $0.195 per share on the Company's common stock. The indicated annual dividend is $0.78 per share, a $0.04 or 5.4% per share increase over the prior annual level. The Company has now increased the annual dividend 18 consecutive years. Paul Nester, President and CEO of RGC Resources, Inc., stated, “The 5.4% increase reflects our solid financial performance, confidence in our business strategy and our continued commitment to deliver shareholder return.” The dividend will be paid on February 1, 2022 to shareholders of record on January 18, 2022. This is the Company's 311th consecutive quarterly cash dividend.

RGC Resources, Inc. Raises Annual Dividend to $0.78 Per Share

ROANOKE, Va., Nov. 23, 2021 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal fourth quarter and 2021 fiscal year on Friday, December 3, 2021 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/ .

RGC Resources, Inc. Schedules Fourth Quarter 2021 Earnings Call

RGC Resources Inc. (RGCO) delivered earnings and revenue surprises of 100.00% and 33.55%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

RGC Resources Inc. (RGCO) Reports Break-Even Earnings for Q4

News for RGC Resources Stock (RGCO)