News

Roanoke Gas Company and the Western Virginia Water Authority break ground on a facility to convert biogas into renewable natural gas for the benefit of the community

ROANOKE, VA –  The Western Virginia Water Authority (Authority) and Roanoke Gas Company (Roanoke Gas) have entered into a cooperative agreement to produce commercial quality renewable natural gas, or RNG, from bio gas produced at the Roanoke Regional Water Pollution Control Plant.  This RNG product, the first of its kind in the Commonwealth, will necessitate

RGC Resources, Inc. Reschedules Second Quarter 2022 Earnings Call

ROANOKE, Va.  (May 9, 2022)–RGC Resources, Inc. (NASDAQ:  RGCO) will host its rescheduled quarterly conference call and webcast to review the results of its fiscal second quarter on Wednesday, May 11, 2022 at 9:00 a.m. eastern time.  Related presentation materials are available before the call on the Company website on the Investor & Financial Information

RGC Resources, Inc. Reports Second Quarter Earnings

ROANOKE, Va.  (May 5, 2022)–RGC Resources, Inc. (NASDAQ:  RGCO) announced consolidated Company net loss of $24,494,429 or $2.89 per share for the quarter ended March 31, 2022.  The net loss reflects an after-tax impairment charge of approximately $29,600,000 related to RGC Midstream, LLC’s investment in the Mountain Valley Pipeline, LLC.  Underlying net income, a non-GAAP

RGC Resources, Inc. Schedules Second Quarter 2022 Earnings Call

ROANOKE, Va.  (April 29, 2022)–RGC Resources, Inc. (NASDAQ:  RGCO) will host its quarterly conference call and webcast to review the results of its fiscal second quarter on Monday, May 9, 2022 at 9:00 a.m. eastern time.  Related presentation materials will be available before the call on the Company website on the Investor & Financial Information

RGC Resources, Inc. Declares Quarterly Dividend

ROANOKE, Va.  (April 28, 2022) — The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on April 25, 2022, declared a quarterly dividend of $0.195 per share on the Company’s common stock.  The dividend will be paid on August 1, 2022 to shareholders of record on July 15, 2022.  This is

RGC Resources, Inc. Appoints Robert Johnston to Board of Directors

ROANOKE, Va. (April 8, 2022)—Robert Johnston was appointed to the Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO) at a board meeting held on April 7, 2022.  He will serve as a Class B Director. “We are very pleased to have Rob join our Board.  His extensive public company and utility experiences will be

RGC Resources, Inc. Announces $4 Million Investment From T. Rowe Price

Roanoke, VA (March 30, 2022) – RGC Resources, Inc. (“Resources”, the “Company”, NASDAQ:RGCO), parent company to Roanoke Gas Company and RGC Midstream, LLC, closed today a $4 million common stock investment by funds and accounts advised by T. Rowe Price Investment Management, Inc. (“T. Rowe Price”).  T. Rowe Price’s investment follows the $23 million of

RGC Resources, Inc. Announces $21 Million Investment From The InterTech Group

Roanoke, VA (March 28, 2022) – RGC Resources, Inc. (“Resources”, the “Company”, NASDAQ:RGCO), parent company to Roanoke Gas Company and RGC Midstream, LLC, closed today a $21 million common stock investment by affiliates of The InterTech Group, Inc. (“InterTech”).  Resources also closed an additional $2 million common stock investment by long-time shareholder Ted Gibson. “InterTech’s

RGC Resources, Inc. Statement Regarding Mountain Valley Pipeline Project

Roanoke, VA (February 22, 2022) — RGC Midstream, LLC (“Midstream”), a subsidiary of RGC Resources, Inc. (“Resources”, the “Company”, NASDAQ: RGCO), issued the following statement concerning its investment in the Mountain Valley Pipeline (“MVP”), LLC: Due primarily to recent decisions by the U.S. Court of Appeals for the Fourth Circuit (the “Court”) vacating and remanding

RGC Resources, Inc. Reports First Quarter Earnings

ROANOKE, Va.  (February 7, 2022)–RGC Resources, Inc. (NASDAQ:  RGCO) announced consolidated Company earnings of $3,584,529 or $0.43 per diluted share for the quarter ended December 31, 2021.  This compares to consolidated earnings of $4,723,263 or $0.58 per diluted share for the quarter ended December 31, 2020.  CEO Paul Nester stated, “The reduction in consolidated earnings