Rgc Resources Stock Price, News & Analysis

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.

RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $610,840 or $0.07 per diluted share for Q2 2021, a decline from $1,206,578 or $0.15 per diluted share in Q2 2020. CEO Paul Nester noted that the drop is primarily due to significantly lower non-cash MVP equity in earnings, COVID-19 related bad debt, and maintenance investments. For the twelve months ending June 30, 2021, earnings were $9,772,285 or $1.19 per diluted share, down from $11,349,435 or $1.40 per diluted share in the previous year. The Company projects lower net income for fiscal 2021 compared to 2020.

RGC Resources, Inc. (NASDAQ: RGCO) is scheduled to host its quarterly conference call on August 9, 2021, at 9:00 a.m. ET to discuss the fiscal third-quarter results. The presentation materials will be available on the company's Investor & Financial Information page prior to the call. Interested participants can join the call by dialing 1-800-261-3225, using identification number 7773810. RGC Resources provides energy and related services to customers in Virginia through its subsidiaries, Roanoke Gas Company and RGC Midstream.

RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $4,767,478 or $0.58 per share for Q1 2021, down from $5,680,316 or $0.70 per share in Q1 2020. For the twelve months ending March 31, 2021, earnings were $10,368,023 or $1.27 per share, compared to $11,281,412 or $1.40 per share for the previous year. The decline in earnings is attributed to the cessation of the non-cash MVP AFUDC, maintenance investments, and COVID-19 related bad-debt expense. Future earnings for fiscal 2021 are expected to be lower than last year due to seasonal business factors.

RGC Resources, Inc. (NASDAQ: RGCO) will hold its quarterly conference call on May 14, 2021, at 9:00 a.m. ET to discuss its fiscal second-quarter results. Interested parties can access the call by dialing 1-800-261-3225 with conference ID 7773810. The call's related presentation materials will be available on the company's website prior to the event. The company provides energy and services primarily in Virginia through its subsidiaries.