Welcome to our dedicated page for Rgc Resources news (Ticker: RGCO), a resource for investors and traders seeking the latest updates and insights on Rgc Resources stock.
RGC Resources Inc. (NASDAQ: RGCO) provides natural gas distribution and energy services to residential, commercial, and industrial customers across Virginia. This news hub offers investors and stakeholders verified updates about the company’s operational developments and financial performance.
Access official press releases detailing infrastructure investments, regulatory milestones, and quarterly earnings. Our curated collection helps track strategic initiatives like pipeline expansions and service area developments while maintaining compliance with utility regulations.
Key updates include annual report publications, rate case decisions, and leadership announcements. Bookmark this page to monitor how RGCO’s 1,000+ mile pipeline network and LNG storage capabilities support its position in the energy sector.
RGC Resources (NASDAQ: RGCO) reported strong Q2 FY2025 financial results, with consolidated earnings of $7.68 million ($0.74 per share), up from $6.44 million ($0.63 per share) in Q2 FY2024. The improved performance was driven by a 12% increase in utility margin due to higher base rates effective July 1, 2024, and increased volumes from cooler winter weather. For the first six months of FY2025, net income reached $12.95 million ($1.26 per share), representing a 12.9% increase from the previous year.
The company's earnings from its MVP pipeline investment decreased to $801,175 in Q2 FY2025 from $1.23 million in Q2 FY2024. The State Corporation Commission recently made permanent the negotiated rates from the company's 2024 rate case filing.
RGC Resources has announced its 325th consecutive quarterly dividend payment of $0.2075 per share on common stock. The dividend will be distributed on August 1, 2025, to shareholders recorded as of July 18, 2025.
The company, operating through its subsidiaries Roanoke Gas Company and RGC Midstream, provides energy and related services to customers in Virginia. This consistent dividend declaration demonstrates the company's commitment to shareholder returns.
The announcement includes cautionary statements regarding forward-looking expectations, noting various risk factors that could affect future performance, including:
- Gas prices and supply fluctuations
- Geopolitical considerations
- Regulatory and legal challenges
RGC Resources (NASDAQ: RGCO) has announced its fiscal second quarter 2025 earnings conference call and webcast, scheduled for Thursday, May 8, 2025 at 9:00 a.m. eastern time. Presentation materials will be available prior to the call on the company's website Investor & Financial Information page.
Interested participants can join the conference call by dialing 1-877-304-9269 with conference ID 917621. The webcast archive will be accessible for one year on the company's investor page. RGC Resources provides energy and related services in Virginia through its subsidiaries Roanoke Gas Company and RGC Midstream,
RGC Resources (NASDAQ: RGCO) has announced its 324th consecutive quarterly dividend payment. The company declared a quarterly dividend of $0.2075 per share on its common stock, scheduled for payment on May 1, 2025, to shareholders of record as of April 17, 2025.
RGC Resources operates through its subsidiaries, including Roanoke Gas Company and RGC Midstream, providing energy and related services to customers in Virginia. The company acknowledges various risk factors that could affect future performance, including gas prices, supply challenges, geopolitical considerations, and regulatory issues.
RGC Resources (RGCO) reported Q1 FY2025 earnings of $5,269,689 ($0.51 per share), up from $5,019,992 ($0.50 per share) in Q1 FY2024. The increase was driven by new base rates effective July 1, 2024, and colder December weather. Operating revenues rose to $27.3M from $24.4M year-over-year.
The company's equity earnings from MVP investment decreased to $854,213 from $1,467,835 in the previous year, as the pipeline transitioned from construction to operation phase. Operating income improved to $7.3M from $6.7M, despite higher interest expenses. The company continued investing in utility infrastructure to enhance system reliability and expand customer reach.
RGC Resources (NASDAQ: RGCO) has announced its fiscal first quarter 2025 earnings conference call and webcast, scheduled for Tuesday, February 11, 2025, at 9:00 a.m. eastern time. The company will make presentation materials available on its website's Investor & Financial Information page prior to the call.
Interested participants can join the conference call by dialing toll-free 1-877-304-9269 and using conference identification number 917621. The webcast archive will be accessible for one year on the company's website.
RGC Resources provides energy and related services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream.
RGC Resources (NASDAQ: RGCO) held its annual shareholders meeting on January 27, 2025, where three directors - Abney S. Boxley III, Elizabeth A. McClanahan, and John B. Williamson III - were elected for three-year terms. Shareholders also approved Deloitte & Touche, LLP as auditors for fiscal 2025.
Following the meeting, the Board appointed John B. Williamson III as Chairman and Paul W. Nester as President and CEO. Additional senior officers were elected, including Timothy J. Mulvaney as VP, CFO and Treasurer, Lawrence T. Oliver as Senior VP of Regulatory and External Affairs and Secretary, and C. Brooke Miles as VP of Human Resources.
The company's largest subsidiary, Roanoke Gas Company, also appointed its senior leadership team, with Paul W. Nester serving as President and CEO, and C. Jim Shockley, Jr. as VP and Chief Operating Officer.
RGC Resources (Nasdaq: RGCO) has announced its upcoming fiscal fourth quarter and 2024 fiscal year earnings conference call and webcast, scheduled for Thursday, December 5, 2024 at 9:00 a.m. eastern time. Presentation materials will be available prior to the call on the company's website. Interested participants can join via toll-free dial-in at 1-877-304-9269 using conference ID 917621. The webcast archive will be accessible for one year on the company's investor relations webpage.
RGC Resources (Nasdaq: RGCO) announced a quarterly dividend increase to $0.2075 per share, raising the annual dividend to $0.83 per share, representing a 3.8% increase from the previous level. This marks the company's 21st consecutive year of dividend increases and its 323rd consecutive quarterly cash dividend. The dividend will be paid on February 1, 2025, to shareholders of record on January 17, 2025. CEO Paul Nester highlighted strong operational and financial performance of Roanoke Gas utility and noted the completion of MVP in 2024, which now delivers natural gas to Southwest Virginia.
RGC Resources reported consolidated earnings of $11.76 million ($1.16 per share) for fiscal year 2024, up from $11.30 million ($1.14 per share) in 2023. The increase was driven by higher earnings from the Mountain Valley Pipeline (MVP) investment, which began service in June 2024. Despite lower natural gas costs reducing customer bills and revenues, the company secured a settlement for a $4.08 million annual revenue increase. However, Q4 2024 net income decreased to $140,822 ($0.01 per share) from $1.01 million ($0.10 per share) in Q4 2023, due to lower MVP earnings and higher interest expenses.
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