May 3, 2017 - Press Release
Itron Collaborates with Roanoke Gas Company to Modernize Distribution System with Smart Gas Solution
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May 1, 2017 - Press Release
Reports Increase in Second Quarter Earnings
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March 27 , 2017 - Press Release
Declares Quarterly Dividend
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February 6, 2017 - Press Release
Reports 16% Increase in First Quarter Earnings
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February 6, 2017 - Press Release
Annual Shareholder Meeting
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January 17, 2017 - Press Release
Announces Three-For-Two Stock Split
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December 13 , 2016
RGC presents to financial community December 2016 Investor Presentation
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NEWS RELEASE

August 1, 2016
Contact: Paul W. Nester
Vice President and CFO

RGC RESOURCES, INC.
THIRD QUARTER FINANCIAL RESULTS

RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $627,068 or $0.13 per average share outstanding for the quarter ended June 30, 2016. This compares to consolidated earnings of $354,940 or $0.08 per average share outstanding for the quarter ended June 30, 2015. CFO Paul Nester attributed the increase to improved utility margins, customer growth, higher capital spending, and lower operating expenses.

Earnings for the twelve months ending June 30, 2016 were $5,697,060 or $1.20 per share compared to $1.04 per share for the twelve months ended June 30, 2015. Nester attributed the higher year-over-year earnings primarily to improved utility margins, customer growth, higher capital spending, and lower operating expenses.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company, RGC Midstream, LLC and RGC Ventures of Virginia, Inc.

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.

Net income for the three months ended June 30, 2016 is not indicative of the results to be expected for the fiscal year ending September 30, 2016 as quarterly earnings are affected by the highly seasonal nature of the business and weather conditions generally result in greater earnings during the winter months. Past performance is not necessarily a predictor of future results.

Summary financial statements for the third quarter and twelve months are as follows:
Fourth Quarter Financial Statement ending 06/30/16


 

 

 

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