RGC Resources Inc.

RGC Resources Inc. announced consolidated Company earnings of $4,006,936 or $0.49 per diluted share for the quarter ended December 31, 2019. This compares to consolidated earnings of $2,434,162 or $0.30 per diluted share for the quarter ended December 31, 2018. CEO John D’Orazio stated, “We continue to see earnings growth from improved utility margins associated with the Company’s non-gas rates [...]

RGC Resources Inc. announced the election of Directors at its shareholders meeting held on February 3, 2020. Shareholders elected Nancy Howell Agee, President and CEO – Carilion Clinic, Jacqueline L. Archer, President and COO – Blue Ridge Beverage Company, and J. Allen Layman, private investor, for three-year terms. Shareholders approved an increase in the number of authorized shares of common stock from 10 [...]

RGC Resources Inc. will host its quarterly conference call and webcast to review the results of its fiscal first quarter on Friday, February 7, 2020 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 page at https://www.rgcresources.com/investor-financial-information/. Interested parties may access the conference call [...]

RGC Resources Inc. announced that the State Corporation Commission issued its Final Order in the Company’s general rate case on January 24, 2020. The Commission approved a gross rate increase of $7.25 million and a 9.44% return on equity. The Final Order affirmed the Company’s need for connections to the Mountain Valley Pipeline and its plans to acquire firm capacity from the MVP. In the Final Order, the SCC [...]

RGC Resources Inc. announced Randall “Randy” Burton will join the company effective January 16, 2020 and will be appointed Vice-President, Chief Financial Officer, Treasurer and Secretary. As a member of the Company’s executive team, Mr. Burton will lead Resources’ Finance organization and will report to Paul Nester. “Randy is an experienced financial executive whose leadership and technical [...]

RGC Resources Inc. announced that John S. D’Orazio will voluntarily retire as President and Chief Executive Officer effective February 7, 2020. As part of the Company’s corporate succession plan, the Board of Directors approved the appointment of Paul W. Nester, age 45, as President and CEO of the Company effective with Mr. D’Orazio’s retirement. Mr. D’Orazio has indicated his willingness to [...]

The Board of Directors of RGC Resources Inc. , at its meeting on November 25, 2019, declared a quarterly dividend of $0.175 per share on the Company’s common stock. The indicated annual dividend is $0.70 per share, a $0.04 or 6.1% per share increase over the prior annual level. The Company has now increased the annual dividend 16 consecutive years. John D’Orazio, President and CEO of [...]

RGC Resources Inc. will host its quarterly conference call and webcast to review the results of its fiscal fourth quarter and 2019 fiscal year on Friday, December 6, 2019 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 page at https://www.rgcresources.com/investor-financial-information/. Interested parties may access [...]

RGC Resources Inc. announced record consolidated Company earnings of $8,698,412 or $1.08 per share for the fiscal year ended September 30, 2019. This compares to earnings of $7,297,205 or $0.95 per share for the year ended September 30, 2018. CEO John D’Orazio stated, “I am pleased to announce our fifth consecutive year of record earnings. The increase in 2019 earnings is attributable to improved utility [...]

The Board of Directors of RGC Resources Inc. , at its meeting on September 30, 2019, declared a quarterly dividend of $0.165 per share on the Company’s common stock. The dividend will be paid on November 1, 2019 to shareholders of record on October 15, 2019. This is the Company’s 302nd consecutive quarterly cash dividend. RGC Resources Inc. provides energy and related products and services to customers in [...]