---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027630"
form_type: "8-K"
ticker: "RGCO"
cik: "0001069533"
company_name: "RGC RESOURCES INC"
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T16:22:15.438371+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RGC Resources posts FY2022 net loss of $31.7M on $40.9M MVP impairment

## Summary
- Consolidated net loss of $31.7M ($3.48/share) includes $40.9M after-tax MVP impairment.
- Underlying net income (non-GAAP) of $9.2M ($1.01/share) vs $10.1M ($1.22) in FY2021.
- Roanoke Gas utility margins up $1.7M (4%) on SAVE programs, customer growth, industrial volumes.
- Q4 net loss $11.4M ($1.16) includes $11.3M impairment; underlying Q4 loss $0.08M ($0.01).
- Midstream borrowing costs and lower non-cash MVP earnings drove underlying earnings decline.

## SEC filing metadata
- accession: 0001437749-22-027630
- form_type: 8-K
- ticker: RGCO
- cik: 0001069533
- company_name: RGC RESOURCES INC
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027630/0001437749-22-027630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027630/rgco20220829_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027630
- JSON: https://secwatch.observer/filing/0001437749-22-027630.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027630.txt

## Key facts
- Earnings Releases
  RGC RESOURCES INC reported fiscal year ended September 30, 2022 results: net income $31,732,602, EPS $3.48 per share.
  - Period: fiscal year ended September 30, 2022
  - Net income: $31,732,602
  - EPS: $3.48 per share
  - Result: reported results
  source text: consolidated Company net loss of $31,732,602 or $3.48 per share for the fiscal year ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027630/0001437749-22-027630-index.htm
- Earnings Releases
  RGC RESOURCES INC reported quarter ended September 30, 2022 results: net income $11,415,229, EPS $1.16 per share.
  - Period: quarter ended September 30, 2022
  - Net income: $11,415,229
  - EPS: $1.16 per share
  - Result: reported results
  source text: Net loss for the quarter ended September 30, 2022 was $11,415,229 or $1.16 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774922027630/0001437749-22-027630-index.htm

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