---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-032613"
form_type: "8-K"
ticker: "RGCO"
cik: "0001069533"
company_name: "RGC RESOURCES INC"
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:10:54.044984+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RGC Resources reports FY2023 net income $11.3M ($1.14/share) vs prior year loss on impairment

## Summary
- Net income of $11.3M ($1.14 per share) for FY2023, vs net loss of $31.7M ($3.48) in FY2022 due to MVP impairments.
- Underlying net income (non-GAAP, ex-impairment) rose to $11.3M from $9.2M ($1.01) in FY2022.
- Q4 2023 net income $1.0M ($0.10) vs net loss $11.4M ($1.16) in Q4 2022 on non-cash MVP income from resumed construction.
- Utility income growth driven by higher margins and renewable natural gas facility startup; MVP expected completion early 2024.
- CEO cites higher utility margins, RNG facility, and resumed MVP construction as key earnings drivers.

## SEC filing metadata
- accession: 0001437749-23-032613
- form_type: 8-K
- ticker: RGCO
- cik: 0001069533
- company_name: RGC RESOURCES INC
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069533/000143774923032613/0001437749-23-032613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069533/000143774923032613/rgco20230911_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-032613
- JSON: https://secwatch.observer/filing/0001437749-23-032613.json
- Plain text: https://secwatch.observer/filing/0001437749-23-032613.txt

## Key facts
- Earnings Releases
  RGC RESOURCES INC reported the fiscal year ended September 30, 2023 results: net income $11,299,282, or $1.14 per share.
  - Period: the fiscal year ended September 30, 2023
  - Net income: $11,299,282, or $1.14 per share
  - Result: reported results
  source text: RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $11,299,282, or $1.14 per share, for the fiscal year ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774923032613/0001437749-23-032613-index.htm
- Earnings Releases
  RGC RESOURCES INC reported the quarter ended September 30, 2023 results: net income $1,014,175, or $0.10 per share.
  - Period: the quarter ended September 30, 2023
  - Net income: $1,014,175, or $0.10 per share
  - Result: reported results
  source text: Net income for the quarter ended September 30, 2023 was $1,014,175, or $0.10 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069533/000143774923032613/0001437749-23-032613-index.htm

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