---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027331"
form_type: "8-K/A"
ticker: "RGCO"
cik: "0001069533"
company_name: "RGC RESOURCES INC"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:19:05.927708+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RGC Resources records $15.3M pre-tax impairment on Mountain Valley Pipeline investment

## Summary
- RGC Midstream subsidiary recorded $15.3M pre-tax ($11.3M after-tax) impairment on equity investment in Mountain Valley Pipeline LLC.
- Carrying value of investment reduced from $29.0M to $13.8M as of September 30, 2022.
- Impairment concluded on November 14, 2022, due to increased uncertainty about MVP completion.
- Charge to be reflected in Q4 fiscal results and September 30, 2022 10-K.

## SEC filing metadata
- accession: 0001437749-22-027331
- form_type: 8-K/A
- ticker: RGCO
- cik: 0001069533
- company_name: RGC RESOURCES INC
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027331/0001437749-22-027331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027331/rgco20221114_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027331
- JSON: https://secwatch.observer/filing/0001437749-22-027331.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027331.txt

## Key facts
- Restructurings & Charges
  RGC RESOURCES INC announced a impairment with charges of approximately $15.3 million affecting Mountain Valley Pipeline, LLC.
  - Type: impairment
  - Charge: approximately $15.3 million
  - Affected area: Mountain Valley Pipeline, LLC
  source text: On November 14, 2022, Midstream concluded an impairment charge is required. Midstream has recorded a pre-tax loss of approximately $15.3 million (or $11.3 million, after tax) that reduced the carrying value of its investment in the LLC from $29.0 million to $13.8 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027331/0001437749-22-027331-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.