Rgc Resources Stock Price, News & Analysis

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.

The Board of Directors of RGC Resources declared a quarterly dividend of $0.185 per share on April 26, 2021. This dividend will be paid on August 1, 2021, to shareholders of record on July 15, 2021. This marks the company's 309th consecutive quarterly cash dividend, highlighting its commitment to returning value to shareholders. RGC Resources operates primarily in Virginia through its subsidiaries, including Roanoke Gas Company and RGC Midstream.

RGC Resources, Inc. (NASDAQ: RGCO) reported Q4 2020 earnings of $4.72 million, or $0.58 per diluted share, a rise from $4.01 million, or $0.49 per diluted share, for Q4 2019. For the full year 2020, earnings reached $11.28 million, or $1.38 per diluted share, compared to $10.27 million, or $1.27 per diluted share, in 2019. CEO Paul Nester attributed this growth to improved utility margins from infrastructure projects, increased customer base, and lower operating expenses, enhancing overall profitability.

RGC Resources, Inc. (NASDAQ: RGCO) will host its quarterly conference call on February 12, 2021, at 9:00 a.m. ET to discuss its fiscal first-quarter results. Investors can access presentation materials on the Company's website prior to the call. The company, providing energy services in Virginia through Roanoke Gas Company and RGC Midstream, LLC, also mentions the potential for future statements regarding financial performance and business prospects. There is a note that various factors could lead to actual results differing from expectations.

The Board of Directors of RGC Resources declared a quarterly dividend of $0.185 per share on February 1, 2021. This dividend will be paid on May 1, 2021, to shareholders on record by April 15, 2021. This marks the company's 308th consecutive quarterly cash dividend. RGC Resources provides energy services in Virginia through its subsidiaries, enhancing shareholder value through consistent dividend payouts.

RGC Resources, Inc. (NASDAQ: RGCO) held its annual shareholders meeting on February 1, 2021, where shareholders elected T. Joe Crawford, Maryellen F. Goodlatte, and Paul W. Nester as directors for three-year terms. The appointment of Brown, Edwards & Company, L.L.P. as auditors for fiscal 2021 was also ratified. Following the meeting, John B. Williamson, III was elected Chairman of the Board, while Paul W. Nester was confirmed as President and CEO. RGC Resources serves approximately 62,500 customers through its subsidiaries, including Roanoke Gas Company.

RGC Resources, Inc. (NASDAQ: RGCO) declared a quarterly dividend of $0.185 per share, marking a 5.7% increase over the previous annual dividend of $0.74. This increase reflects the company's strong financial performance and commitment to shareholder returns. The dividend is payable on February 1, 2021, to shareholders of record as of January 15, 2021. This milestone represents the company’s 307th consecutive quarterly cash dividend, showcasing its ongoing dedication to delivering value to shareholders.