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. reports news tied to its Virginia energy business, including natural gas utility operations through Roanoke Gas Company and related activities through RGC Midstream, LLC. Company updates commonly cover quarterly earnings, operating margins, weather-driven demand, customer growth, utility infrastructure investment and regulated rate proceedings.
Recurring developments also include dividend declarations on the common stock, annual shareholder meeting results, board and officer actions, and earnings-call materials. News about RGCO frequently references the company’s investment exposure to the Mountain Valley Pipeline alongside the performance of its gas utility operations.
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.
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