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) 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.
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