secwatch.observer — SEC 8-K summary
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Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001437749-22-027630
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774922027630/0001437749-22-027630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774922027630/rgco20220829_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027630

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