RGC Resources Holds Annual Shareholders Meeting
Rhea-AI Summary
RGC Resources (NASDAQ: RGCO) held its annual shareholders meeting on January 26, 2026. Shareholders elected Jacqueline L. Archer, Frank Russell Ellett and Robert B. Johnston to three-year terms and ratified Deloitte & Touche LLP as auditors for fiscal 2026. At the Board meeting following the annual meeting, John B. Williamson III was elected Chairman and Paul W. Nester was elected President and CEO of RGC Resources.
Senior officer elections named Timothy J. Mulvaney as VP, Treasurer and CFO; Lawrence T. Oliver as SVP, Regulatory and External Affairs and Secretary; and C. Brooke Miles as VP, Human Resources and Community Engagement. Roanoke Gas Company named comparable officers, and Thomas P. Furcron was named VP, Operations.
RGC Resources supplies energy and related services in Virginia through subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.
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Key Figures
Market Reality Check
Peers on Argus
RGCO was down 1.79% while peers were mixed: OPAL -9.77%, PCYO roughly flat at -0.08%, NWN +0.93%, GWRS +0.46%, SPH +2.40%, suggesting company-specific trading rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 24 | Dividend increase | Positive | -0.3% | Raised annual dividend to $0.87 per share, extending increase streak. |
| Nov 20 | Earnings call schedule | Neutral | -0.5% | Announced date and access details for Q4 2025 earnings call. |
| Nov 19 | Full-year earnings | Positive | -0.5% | Reported higher 2025 net income and revenues versus 2024. |
| Sep 29 | Dividend declaration | Neutral | +0.8% | Declared $0.2075 quarterly dividend, continuing long dividend history. |
| Aug 11 | Quarterly earnings | Positive | +6.2% | Reported stronger Q3 2025 earnings and higher operating revenues. |
Recent news shows mixed reactions: strong Q3 earnings drew a 6.16% gain, but full-year 2025 earnings and a dividend increase both saw modest declines, indicating occasional sell-the-news responses to positive updates.
Over the past six months, RGCO reported improving fundamentals, including Q3 2025 earnings of $538,412 and fiscal 2025 net income of $13.3 million, with revenues rising to $95.33 million. The company also maintained a consistent dividend profile, raising the annual dividend to $0.87 per share and declaring additional quarterly payouts. Market responses were modest and sometimes negative to fundamentally positive news, while the strongest upside followed Q3 earnings. Today’s board and leadership elections follow the governance and compensation themes outlined in the Dec 8, 2025 proxy.
Market Pulse Summary
This announcement centers on corporate governance, confirming director elections and formalizing executive leadership roles following the annual shareholders meeting on Jan 26, 2026. It follows a period of improving financial results and consistent dividends, as detailed in recent earnings and proxy disclosures. Investors may focus on how the leadership team executes strategy and oversees risk while monitoring future earnings, dividend actions, and any updates from key subsidiaries such as Roanoke Gas Company and RGC Midstream, LLC.
Key Terms
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
ROANOKE, Va., Jan. 26, 2026 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors at its shareholders meeting held on January 26, 2026. Shareholders elected Jacqueline L. Archer, Frank Russell Ellett and Robert B. Johnston for three-year terms.
Shareholders also ratified the appointment of Deloitte & Touche, LLP as auditors for fiscal 2026.
At a meeting of the Board of Directors, following the annual shareholders meeting, John B. Williamson III was elected Chairman of the Board and Paul W. Nester was elected President and CEO of RGC Resources, Inc. The following RGC Resources senior officers were also elected: Timothy J. Mulvaney, Vice President, Treasurer and CFO, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, and C. Brooke Miles, Vice President, Human Resources and Community Engagement. In addition, Roanoke Gas Company, the largest subsidiary of RGC Resources, elected the following senior officers: Paul W. Nester, President and CEO, Timothy J. Mulvaney, Vice President, Treasurer and CFO, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, Thomas P. Furcron, Vice President, Operations, and C. Brooke Miles, Vice President, Human Resources and Community Engagement.
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.
| Contact: | Paul W. Nester |
| President and CEO | |
| Telephone: | 540-777-3837 |
FAQ
Who was elected President and CEO of RGC Resources (RGCO) on January 26, 2026?
Which directors were elected to three-year terms at the RGCO shareholders meeting on January 26, 2026?
Who was elected Chairman of the Board for RGC Resources (RGCO) in January 2026?
Did RGC Resources ratify auditors for fiscal 2026 and which firm was chosen?
What senior officer changes occurred at Roanoke Gas Company (RGCO subsidiary) on January 26, 2026?
Where does RGC Resources (RGCO) provide services and what subsidiaries were mentioned on January 26, 2026?
