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) is a Virginia-based utilities company that provides energy and related products and services to customers in the Roanoke region through Roanoke Gas Company and RGC Midstream, LLC. The RGCO news feed highlights how this natural gas-focused utility and its midstream affiliate report on operating performance, infrastructure investment and participation in Mountain Valley Pipeline (MVP) and related projects.
News coverage for RGC Resources frequently includes quarterly and annual earnings releases, where the company discusses consolidated earnings, gas deliveries, utility margins and equity in earnings from its investment in Mountain Valley Pipeline, LLC. These releases often describe the impact of weather, base rate changes, gas volumes and financing costs on results, as well as the role of MVP, MVP Southgate and MVP expansion in the company’s financial performance.
Investors following RGCO news will also see dividend announcements, as the company regularly declares quarterly cash dividends and notes its long record of consecutive payments and many years of annual dividend increases. Management statements in these releases link dividend decisions to earnings, operational performance and the company’s strategy to invest in Roanoke Gas utility infrastructure and MVP-related expansion projects.
RGC Resources’ news flow further includes earnings call and webcast notices, which provide details on scheduled conference calls to review quarterly results and reference presentation materials made available to the financial community. Additional items may cover financing and credit agreements entered into by RGC Midstream, LLC, such as credit facilities, loan agreements and interest rate swaps tied to MVP and related projects, as disclosed in current reports and associated press materials.
By reviewing the RGCO news page, readers can track how this natural gas utility and midstream investor communicates about its operations in Virginia, its participation in Mountain Valley Pipeline and its approach to dividends, capital structure and regulatory matters over time.
RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $3,584,529 ($0.43 per diluted share) for Q4 2021, down from $4,723,263 ($0.58 per diluted share) in Q4 2020. For the fiscal year 2021, earnings were $8,963,328 ($1.08 per diluted share), compared to $11,280,861 ($1.38 per diluted share) in 2020. The decline is largely attributed to a $1.3 million decrease in non-cash equity earnings, although Roanoke Gas experienced a 12% growth in operating income due to improved margins and customer growth.
RGC Resources, Inc. (NASDAQ: RGCO) will hold its fiscal first-quarter conference call on February 8, 2022, at 9:00 a.m. ET. Interested parties can access the call by dialing 1-800-261-3225 with the conference ID 7773810. Presentation materials will be available on the company's website prior to the call. RGC Resources provides energy services in Virginia through its subsidiaries Roanoke Gas Company and RGC Midstream. The company may issue forward-looking statements regarding financial performance and business prospects, with a reminder that actual results may differ from those anticipated.
The Board of Directors of RGC Resources (NASDAQ: RGCO) declared a quarterly dividend of $0.195 per share on January 24, 2022. This dividend, marking the company’s 312th consecutive quarterly cash dividend, will be paid on May 1, 2022, to shareholders of record as of April 15, 2022. RGC Resources provides energy and related services in Virginia through subsidiaries like Roanoke Gas Company and RGC Midstream.
RGC Resources (NASDAQ: RGCO) held its annual shareholders meeting on January 24, 2022, where shareholders elected Abney S. Boxley, III, Elizabeth A. McClanahan, and John B. Williamson, III to three-year terms on the Board of Directors. Additionally, Brown, Edwards & Company, L.L.P. was ratified as auditors for the fiscal year 2022. Post-meeting, John B. Williamson, III was elected Chairman, and Paul W. Nester was appointed President and CEO. RGC Resources serves around 62,600 customers in Virginia through its subsidiaries, including Roanoke Gas Company.
RGC Resources, Inc. (NASDAQ: RGCO) has appointed Jason Field as Vice President, Chief Financial Officer, and Treasurer, effective January 10, 2022. Mr. Field brings extensive financial leadership experience, previously serving as Vice President of Finance at Medical Facilities of America. He will be instrumental in guiding the finance organization under CEO Paul Nester. RGC Resources provides services to around 62,600 customers in Virginia through subsidiaries like Roanoke Gas Company.
The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO) declared a quarterly dividend of $0.195 per share on November 29, 2021, marking a 5.4% increase from the previous annual dividend of $0.74. This increase reflects the company's strong financial performance and commitment to shareholder returns, having raised dividends for 18 consecutive years. The total indicated annual dividend now stands at $0.78 per share, with payments scheduled for February 1, 2022, to shareholders of record by January 18, 2022.
RGC Resources, Inc. (NASDAQ: RGCO) will conduct its fiscal fourth quarter and full year 2021 conference call on December 3, 2021, at 9:00 a.m. ET. Investors can access the call by dialing 1-800-261-3225 with a conference ID of 7773810. The company, which serves Virginia through Roanoke Gas Company and RGC Midstream, LLC, will provide presentation materials on its website prior to the call. The press release notes the potential for forward-looking statements and cautions that actual results may differ from expectations.
RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $10,102,062 or $1.22 per share for the fiscal year ending September 30, 2021, down from $10,564,534 or $1.30 per share in 2020. The earnings decrease was mainly due to lower non-cash Mountain Valley Pipeline earnings. However, improved utility margins, customer growth, and a 10.5% reduction in operating expenses positively impacted the results. The fourth quarter broke even, benefiting from $859,000 in American Rescue Plan Act funds for customers in arrears.
Roanoke Gas Company, a subsidiary of RGC Resources (RGCO), has joined the Our Nation’s Energy Future Coalition (ONE Future) to enhance its commitment to reducing methane emissions. Serving approximately 63,000 households in Virginia, Roanoke Gas aims to further improve environmental standards by collaborating with other natural gas companies in the coalition. The coalition's goal is to limit methane emissions to 1% or less by 2025. Roanoke Gas will report its methane data for 2021 and hold a board seat, reinforcing its dedication to clean energy and community service since 1883.
The Board of Directors of RGC Resources (NASDAQ: RGCO) declared a quarterly dividend of $0.185 per share, scheduled for November 1, 2021, to shareholders of record by October 15, 2021. This marks the company's 310th consecutive quarterly cash dividend, demonstrating a consistent commitment to returning value to investors. RGC Resources provides energy products and services in Virginia through its subsidiaries, including Roanoke Gas Company and RGC Midstream.