Rgc Resources Stock Price, News & Analysis

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.

RGC Resources, Inc. (NASDAQ: RGCO) will hold a conference call and webcast to discuss its fiscal fourth quarter and 2020 results on December 4, 2020, at 9:00 AM ET. The related presentation materials will be accessible on the company's website prior to the call. RGC Resources provides energy services through its subsidiaries, Roanoke Gas Company and RGC Midstream, LLC.

RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $10,564,534 or $1.30 per share for the fiscal year ended September 30, 2020, up from $8,698,412 or $1.08 per share in 2019. The growth in earnings was driven by improved utility margins due to infrastructure upgrades, new non-gas rates, and customer expansion. Despite a net loss of $329,296 or $0.04 per share for Q4 2020, the company remains committed to enhancing shareholder value and providing reliable energy services.

RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $1,206,578 or $0.15 per diluted share for Q2 2020, up from $1,138,555 or $0.14 in Q2 2019. For the year ending June 30, 2020, earnings reached $11,349,435 or $1.40 per diluted share, compared to $8,927,266 or $1.11 in the previous year. CEO Paul Nester highlighted improvements in utility margins and investments in the Mountain Valley Pipeline as key growth drivers. However, earnings may fluctuate due to seasonal factors and economic uncertainties stemming from the COVID-19 pandemic.

RGC Resources, Inc. (NASDAQ: RGCO) reported consolidated earnings of $5,680,316 or $0.70 per diluted share for Q1 2020, up from $4,670,090 or $0.58 per diluted share in Q1 2019. For the twelve-month period ending March 31, 2020, net income reached $11,281,412 or $1.39 per diluted share, compared to $8,876,066 or $1.10 for the previous year. CEO Paul Nester cited improved utility margins and investments in the Mountain Valley Pipeline as key drivers. However, the company warns of lower net income expectations for fiscal 2020 due to seasonal earnings fluctuations and COVID-19 uncertainty.