Highest-materiality recent filing
RGC Resources Q2 EPS $0.84 vs $0.74 YoY; net income up to $8.7M
Q2 net income $8.7M ($0.84 diluted EPS) vs $7.7M ($0.74) prior year, driven by higher operating margins from interim rate case and MVP investment.
RGC Resources Q1 earnings fall to $0.47/share; files rate case for $4.3M
Net earnings $4.9M ($0.47/share) vs $5.3M ($0.51/share) prior-year Q1, down 7.5%.
RGC Resources reports fiscal 2025 net income of $13.3 million, up 13% from prior year
Full-year earnings per share rose to $1.29 from $1.16 in fiscal 2024, driven by record gas deliveries.
Borrowed $53.6M via Credit Agreement with Atlantic Union Bank and CoBank, maturing Sept 5, 2032.
RGC Resources Q3 net income rises to $538K ($0.05/sh) from $157K; MVP investment boosts results
Q3 net income $538,412 ($0.05/sh) vs $156,692 ($0.02/sh) in prior-year quarter, driven by higher MVP earnings.
RGC Resources Q2 net income $7.68M ($0.74 EPS), up 19% YoY on higher rates and cooler weather
Net income $7,676,208 ($0.74 per share) vs $6,443,390 ($0.63) in Q2 2024, a 19% increase.
Roanoke Gas amended revolving note to $30M and signed new 3-year asset management deal with DTE
Amended Pinnacle Bank revolving note increased to $30M principal; rate Term SOFR +1.25% (from +1.10%); matures March 31, 2027.
RGC Resources elects Williamson Chairman, Nester President & CEO
Shareholders elected Boxley, McClanahan, Williamson as Class A directors for 3-year terms (Boxley: 5.9M votes for).
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.
RGC Resources Q3 net income falls 77% to $0.02 EPS; MVP begins service
Q3 net income $156,692 ($0.02 EPS) vs $686,816 ($0.07 EPS) YoY, down 77%.
RGC Resources Q2 EPS flat at $0.63; MVP adds $1.2M; six-month net income up 19.4%
Q2 net income $6.44M ($0.63/share) vs $6.34M ($0.64/share) a year ago; revenue down on mild winter.
RGC Resources Q1 net earnings $5.02M ($0.50 EPS) vs $3.26M ($0.33 EPS) YoY
Net earnings $5,019,992 ($0.50 EPS) vs $3,256,405 ($0.33 EPS) in Q1 prior year, a 54% increase.
RGC Resources reports FY2023 net income $11.3M ($1.14/share) vs prior year loss on impairment
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.
RGC Resources updates MVP project timeline: completion Q1 2024, cost $7.2B
Mountain Valley Pipeline completion now targeted for Q1 2024; estimated total cost $7.2B (excluding AFUDC).
Court halts Mountain Valley Pipeline; RGC Resources' 1% stake affected
U.S. Court of Appeals for the Fourth Circuit halted construction in Jefferson National Forest on July 10, 2023.
On January 29, 2024, RGC Resources, Inc. ("Resources" or the "Company") appointed Timothy J. Mulvaney, the current Interim Chief Financial Officer and Treasurer, as Vice President, Treasurer and Chief Financial Officer of Resources, effective February 1, 2024.
Effective September 6, 2023, RGC Resources, Inc. (the “Company”) has appointed Timothy Mulvaney interim Chief Financial Officer and Treasurer.
On June 20, 2023, Jason Field, RGC Resources, Inc.’s (the “Company”) Vice President, Chief Financial Officer and Treasurer, notified the Company of his voluntary resignation, effective August 4, 2023.
Lawrence T. Oliver, the current Vice President and Secretary of Resources was appointed as Senior Vice President, Regulatory and External Affairs, and Secretary of Resources.
After 38 years of service to Resources and Roanoke Gas Company, Robert L. Wells, II is stepping down from his role of Vice President and Chief Information Officer, Assistant Secretary and Assistant Treasurer of Resources.
C. Brooke Miles was appointed Vice President, Human Resources, Assistant Treasurer and Assistant Secretary of RGC Resources, Inc. ("Resources").
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.
Jason A. Field was appointed Vice President, CFO and Treasurer of RGC Resources and its subsidiaries.
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.
Mr. Field will be appointed, effective February 10, 2022, Vice President, Chief Financial Officer and Treasurer.
Max materiality 0.75 · Median 0.50 · Most common event earnings