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

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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.

RGC Resources reports mixed Q4 results, eyes growth opportunities in 2025

RGC Resources navigated challenges in Q4 2024 with a decline in net income but showcased resilience with full-year net income growth and strategic capital spending.
The company's strengths lie in regulatory wins, infrastructure investments, and shareholder value commitment, while facing challenges in revenue diversification and economic uncertainties.
Opportunities in 2025 revolve around growth prospects from key projects like the Mountain Valley Pipeline and capital spending strategies, underpinning a positive outlook for the company.

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RGC Resources (RGCO) CEO Paul Nester on Q3 2020 Results - Earnings Call Transcript

ROANOKE, Va., July  31, 2020  (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 Friday, August 7 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 2020 Earnings Call

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RGC Resources, Inc. (RGCO) CEO Paul Nester on Q2 2020 Results - Earnings Call Transcript

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ROANOKE, Va., March  05, 2020  (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced today that is has established an “at-the-market” (“ATM”) offering program under which it may issue and sell to the public, from time to time, up to $15 million of its common stock through Janney Montgomery Scott LLC, in its capacity as sales agent (the “Agent”).

RGC Resources, Inc. Announces $15 Million At-The-Market Equity Issuance Program

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RGC Resources, Inc. (RGCO) CEO John D'Orazio on Q1 2020 Results - Earnings Call Transcript

ROANOKE, Va., Feb.  04, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on February 3, 2020, declared a quarterly dividend of $0.175 per share on the Company’s common stock.  The dividend will be paid on May 1, 2020 to shareholders of record on April 15, 2020.  This is the Company’s 304th consecutive quarterly cash dividend.  

RGC Resources, Inc.   Declares Quarterly Dividend

ROANOKE, Va., Jan.  28, 2020  (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced that the State Corporation Commission (SCC) issued its Final Order in the Company’s general rate case on January 24, 2020.  The Commission approved a gross rate increase of $7.25 million and a 9.44% return on equity.

RGC Resources’ Subsidiary Roanoke Gas Receives Rate Case Final Order

RGC Resources, Inc. (RGCO) CEO John D'Orazio on Q4 2019 Results - Earnings Call Transcript

ROANOKE, Va., Nov.  26, 2019  (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced that John S. D’Orazio will voluntarily retire as President and Chief Executive Officer effective February 7, 2020.  As part of the Company’s corporate succession plan, the Board of Directors approved the appointment of Paul W. Nester, age 45, as President and CEO of the Company effective with Mr. D’Orazio’s retirement.  Mr. D’Orazio has indicated his willingness to serve in an advisory capacity for a year following his retirement. 

RGC Resources, Inc. Announces CEO Retirement

ROANOKE, Va., Nov.  25, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on November 25, 2019, declared a quarterly dividend of $0.175 per share on the Company’s common stock. The indicated annual dividend is $0.70 per share, a $0.04 or 6.1% per share increase over the prior annual level. The Company has now increased the annual dividend 16 consecutive years. John D’Orazio, President and CEO of RGC Resources, Inc., stated, “The 6.1% increase reflects our solid financial performance, confidence in our business strategy and our continued commitment to deliver dividend growth to our shareholders.” The dividend will be paid on February 1, 2020 to shareholders of record on January 15, 2020. This is the Company’s 303rd consecutive quarterly cash dividend.

RGC Resources, Inc. Raises Annual Dividend 6.1% to $0.70 Per Share

ROANOKE, Va., Sept.  30, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on September 30, 2019, declared a quarterly dividend of $0.165 per share on the Company’s common stock. The dividend will be paid on November 1, 2019 to shareholders of record on October 15, 2019. This is the Company’s 302nd consecutive quarterly cash dividend.

RGC Resources, Inc.  Declares Quarterly Dividend

RGC Resources, Inc. (RGCO) CEO John D'Orazio on Q3 2019 Results - Earnings Call Transcript

RGC Resources (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.

RGC Resources (RGCO) Reports Next Week: What to Expect

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News for RGC Resources Stock (RGCO)