secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K/A
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001437749-22-027331
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.06
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774922027331/0001437749-22-027331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774922027331/rgco20221114_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027331

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