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 $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.
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.