---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012703"
form_type: "8-K"
ticker: "RGCO"
cik: "0001069533"
company_name: "RGC RESOURCES INC"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T15:48:06.827055+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RGC Resources Q2 net income $6.3M ($0.64/share) vs loss of $24.5M year ago; underlying earnings up 25%

## Summary
- Net income of $6,341,886 ($0.64/diluted share) for Q2 FY23 vs net loss of $24,494,429 ($2.89/share) in Q2 FY22.
- Underlying earnings (non-GAAP) of $6,341,886 increased 25% from $5,077,546 in prior year.
- CEO Paul Nester cited improved utility margins from customer growth and new non-gas rates.
- Twelve-month ended March 31, 2023 net loss of $1,224,411 ($0.12/share); underlying net income $10,115,158 ($1.03/share).
- Underlying net income increase driven by infrastructure replacement programs and impact of March 2022 equity offering on shares.

## SEC filing metadata
- accession: 0001437749-23-012703
- form_type: 8-K
- ticker: RGCO
- cik: 0001069533
- company_name: RGC RESOURCES INC
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069533/000143774923012703/0001437749-23-012703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069533/000143774923012703/rgco20230303_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012703
- JSON: https://secwatch.observer/filing/0001437749-23-012703.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012703.txt

## Key facts
- Earnings Releases
  RGC RESOURCES INC reported quarter ended March 31, 2023 results: net income $6,341,886, EPS $0.64 per share.
  - Period: quarter ended March 31, 2023
  - Net income: $6,341,886
  - EPS: $0.64 per share
  - Result: reported results
  source text: RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $6,341,886, or $0.64 per share, for the quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774923012703/0001437749-23-012703-index.htm
- Earnings Releases
  RGC RESOURCES INC reported twelve months ended March 31, 2023 results: net income $1,224,411, EPS $0.12 per share.
  - Period: twelve months ended March 31, 2023
  - Net income: $1,224,411
  - EPS: $0.12 per share
  - Result: reported results
  source text: Net loss for the twelve months ended March 31, 2023 was $1,224,411, or $0.12 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774923012703/0001437749-23-012703-index.htm

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