secwatch.observer — SEC 8-K summary
======================================

Issuer:     RGC RESOURCES INC (RGCO)
CIK:        0001069533
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001437749-24-034963
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 Q4 EPS $0.01, down from $0.10; FY EPS $1.16; rate case settlement $4.08M
--------------------------------------------------------------------------------

- FY2024 net income $11.76M ($1.16/shr) vs $11.30M ($1.14/shr) prior year.
- Q4 net income $140,822 ($0.01/shr) vs $1,014,175 ($0.10/shr) — drop from lower MVP earnings and higher interest.
- Rate case settlement with SCC staff for $4.08M annual revenue increase, pending Commission approval.
- Lower natural gas cost reduced customer bills and revenues; higher tariffs partially offset.
- Mountain Valley Pipeline placed in service June 2024; more AFUDC in FY2024 boosted earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069533/000143774924034963/0001437749-24-034963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069533/000143774924034963/rgco20240917_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034963

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer