RGC RESOURCES INC amended Third Amendment to Private Shelf Agreement with PGIM, Inc. valued at $78,000,000 (effective 2022-12-06).
“On December 6, 2022, Roanoke Gas Company (“Roanoke”), the utility subsidiary of RGC Resources, Inc., entered into the Third Amendment to Private Shelf Agreement ("Amendment") with PGIM, Inc., fka Prudential Investment Management, Inc., (“Prudential”).”
Earnings Releases
RGC RESOURCES INC reported quarter ended September 30, 2022 results: net income $11,415,229, EPS $1.16 per share.
“Net loss for the quarter ended September 30, 2022 was $11,415,229 or $1.16 per share”
Earnings Releases
RGC RESOURCES INC reported fiscal year ended September 30, 2022 results: net income $31,732,602, EPS $3.48 per share.
“consolidated Company net loss of $31,732,602 or $3.48 per share for the fiscal year ended September 30, 2022”
Restructurings & Charges
RGC RESOURCES INC announced a impairment with charges of approximately $15.3 million affecting Mountain Valley Pipeline, LLC.
“On November 14, 2022, Midstream concluded an impairment charge is required. Midstream has recorded a pre-tax loss of approximately $15.3 million (or $11.3 million, after tax) that reduced the carrying value of its investment in the LLC from $29.0 million to $13.8 million.”
Robert Johnston was appointed as Class B director at RGC RESOURCES INC.
“On April 7, 2022, the RGC Resources Board of Directors (the "Board") approved the appointment of Robert Johnston to the Board as a Class B director.”
Lawrence T. Oliver was appointed as Vice President and Secretary of RGC Resources and Vice President, Regulatory Affairs and Strategy and Secretary of Roanoke Gas Company at RGC RESOURCES INC.
“Lawrence T. Oliver, the current Vice President, Interim CFO, Corporate Secretary and Treasurer of RGC Resources and its subsidiaries, was appointed as Vice President and Secretary of RGC Resources and Vice President, Regulatory Affairs and Strategy and Secretary of Roanoke Gas Company.”
Jason A. Field was appointed as Vice President, CFO and Treasurer at RGC RESOURCES INC.
“Jason A. Field was appointed Vice President, CFO and Treasurer of RGC Resources and its subsidiaries.”
Jason Field was appointed as Vice President, Chief Financial Officer and Treasurer at RGC RESOURCES INC.
“Mr. Field will be appointed, effective February 10, 2022, Vice President, Chief Financial Officer and Treasurer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.