Filing Analysis
RGC Resources, Inc. is providing notice of a conference call to discuss third quarter 2026 operating results via an earnings webcast presentation.
📋 Key Facts
- The company is hosting a conference call for analysts regarding Q3 fiscal 2026 results ending June 30, 2026.
- Information presented during the call is provided in Exhibit 99.1 as a webcast presentation.
- The filing is made pursuant to Item 7.01 (Regulation FD Disclosure).
RGC Resources, Inc. filed an 8-K to announce its third quarter earnings results for the period ending June 30, 2026. The filing serves as a formal announcement of the company's quarterly financial performance via a press release.
📋 Key Facts
- Report date: August 5, 2026
- Reporting period: Third quarter ending June 30, 2026
- The filing includes an earnings press release as Exhibit 99.1
- Signed by Timothy J. Mulvaney, VP, Treasurer and CFO
RGC Resources' utility subsidiary, Roanoke Gas Company, entered into a $15 million unsecured delayed-draw promissory note with Pinnacle Bank on June 2, 2026. The company also executed an interest rate swap to convert the variable rate to a fixed rate of 5.13%.
📋 Key Facts
- Principal amount of the Note is $15,000,000.
- The Note is a delayed-draw facility available until September 20, 2026.
- The company intends to draw the full amount on August 20, 2026, to repay a maturing note.
- Interest rate is Term SOFR plus 100 basis points, but effectively fixed at 5.13% via an interest rate swap.
- The principal balance is due on August 20, 2029.
- The agreement is a Fourth Amendment to a Loan Agreement originally dated March 24, 2023.
RGC Resources, Inc. has updated its investor presentation for use in upcoming meetings with analysts and investors. The presentation is furnished as Exhibit 99.1 and will be posted on the company's website.
📋 Key Facts
- Updated management presentation for analyst and investor meetings
- Filed under Item 7.01 Regulation FD Disclosure
- Exhibit 99.1 contains the full investor presentation
- Report dated May 18, 2026
RGC Resources, Inc. hosted a conference call and provided a presentation regarding its second quarter fiscal 2026 operating results for the period ending March 31, 2026.
📋 Key Facts
- The filing was made on May 8, 2026, to disclose information from an analyst conference call.
- The call focused on operating results for the second fiscal quarter ending March 31, 2026.
- Exhibit 99.1 contains the earnings webcast presentation materials.
- The disclosure is furnished under Item 7.01 (Regulation FD) and is not deemed 'filed' for liability purposes.
RGC Resources, Inc. announced its financial results for the second fiscal quarter ended March 31, 2026. The company issued a press release and incorporated it into the filing under Items 2.02 and 8.01.
📋 Key Facts
- The filing reports financial results for the second fiscal quarter ending March 31, 2026.
- The report was filed on May 6, 2026.
- The press release (Exhibit 99.1) is deemed 'filed' for purposes of the Securities Exchange Act of 1934 per Item 8.01.
- Timothy J. Mulvaney (VP, Treasurer, and CFO) signed the report.
RGC Resources' subsidiary, Roanoke Gas Company, entered into a fourth amendment to its private shelf agreement with PGIM, Inc., extending the borrowing period for three years. The facility is now available through March 31, 2029, maintaining existing financial covenants regarding debt-to-capitalization ratios.
📋 Key Facts
- The Fourth Amendment to Private Shelf Agreement was signed on March 30, 2026, with PGIM, Inc. (formerly Prudential Investment Management, Inc.).
- The amendment extends the borrowing provision under the original September 30, 2015, agreement through March 31, 2029.
- Maintains a covenant limiting consolidated long-term indebtedness to no more than 65% of consolidated total capitalization.
- Maintains a covenant limiting priority indebtedness to not more than 15% of consolidated total assets.
- The agreement can be terminated by either party with a 30-day written notice.
Roanoke Gas Company, a subsidiary of RGC Resources, Inc., amended its credit agreement with Pinnacle Bank to extend the maturity date and adjust borrowing limits. The amendment extends the revolving note's maturity to March 31, 2028, with tiered borrowing capacities ranging from $20 million to $30 million.
📋 Key Facts
- The amendment was entered into on March 17, 2026, with Pinnacle Bank.
- The maturity date of the Revolving Note was extended to March 31, 2028.
- Maximum borrowing limits are tiered: $30,000,000 through March 31, 2027; $20,000,000 from April 1, 2027, to September 30, 2027; and $30,000,000 from October 1, 2027, to March 31, 2028.
- RGC Resources, Inc. maintains its existing guaranty of the subsidiary's debt.
- This is the third amendment to the original Loan Agreement dated March 24, 2023.
RGC Resources, Inc. filed an 8-K to announce a conference call with analysts regarding the company's first quarter operating results for the period ending December 31, 2025.
📋 Key Facts
- The company is hosting a conference call to discuss Q1 fiscal 2026 earnings (period ending Dec 31, 2025).
- Information regarding the results was furnished via Exhibit 99.1 as an earnings webcast presentation.
- The filing is made pursuant to Regulation FD disclosure requirements.
RGC Resources, Inc. filed an 8-K to announce its quarterly earnings results for the first quarter ending December 31, 2025.
📋 Key Facts
- The filing is a standard announcement of quarterly financial results (Item 2.02).
- Reporting period: First quarter ending December 31, 2025.
- Filing date: February 5, 2026.
- The company issued a press release (Exhibit 99.1) containing the detailed financial results.
RGC Resources, Inc. held its Annual Meeting of Shareholders on January 26, 2026, resulting in the election of three Class B directors and several senior officers. The meeting also included shareholder votes to ratify auditors and authorize additional shares for the Stock Bonus Plan.
📋 Key Facts
- Annual Meeting held on January 26, 2026.
- Elected Jacqueline L. Archer, Frank Russell Ellett, and Robert B. Johnston as Class B directors (terms expiring in 2029).
- Ratified Deloitte & Touche LLP as independent auditors for the fiscal year ending September 30, 2026.
- Approved issuance of an additional 50,000 Common Shares under the Stock Bonus Plan.
- Elected John B. Williamson III as Chairman of the Board and Paul W. Nester as President and CEO.
- Appointed Timothy J. Mulvaney as Vice President, Treasurer, and CFO.
RGC Resources, Inc. filed an 8-K to announce a conference call with analysts regarding the company's fourth quarter and fiscal year 2025 operating results. The filing includes an earnings webcast presentation as Exhibit 99.1.
📋 Key Facts
- Conference call scheduled to discuss Q4 and FY 2025 operating results (ending Sept 30, 2025).
- Earnings information provided via a webcast presentation (Exhibit 99.1).
- Filing made under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits).
RGC Resources, Inc. filed an 8-K to announce its fourth quarter and full year financial results for the period ending September 30, 2025.
📋 Key Facts
- Report date: November 19, 2025
- Reporting period: Fourth quarter and fiscal year ending September 30, 2025
- The filing incorporates a press release (Exhibit 99.1) containing the earnings results.
RGC Resources, Inc., through its subsidiary RGC Midstream, LLC, entered into a $53.6 million credit agreement to refinance existing debt and secured additional loan agreements for the MVP Southgate extension and expansion projects. The company also executed interest rate swaps to hedge the variable-rate debt at an effective annual rate of 5.061%.
🚩 Red Flags
- The company is assuming significant new debt obligations ($53.6M) which are guaranteed by the parent company (RGC Resources, Inc.).
- Debt repayment is tied to specific pipeline shipper agreements, introducing project-specific operational risk.
📋 Key Facts
- RGC Midstream, LLC borrowed $53,600,000 from Atlantic Union Bank and CoBank, ACB.
- The credit agreement interest rate is one month Term SOFR plus 155 basis points.
- Repayment schedule for the main loan aligns with Mountain Valley Pipeline (MVP) shipper agreements, expiring June 2044; maturity date is September 5, 2032.
- Two interest rate swap agreements totaling $35,600,000 were executed to convert variable debt to a fixed effective annual rate of 5.061%.
- Additional loan agreements for MVP Southgate extension ($1.85M) and MVP expansion ($3.65M) were signed with Atlantic Union.
- Financial covenants include Consolidated Long Term Indebtedness ≤ 65% of Total Capitalization, Priority Indebtedness ≤ 15% of Total Assets, and Interest Coverage Ratio ≥ 1.50x.
RGC Resources, Inc. has filed an 8-K to provide updated investor presentation materials used in meetings with analysts and the financial community. The filing is made pursuant to Regulation FD disclosure requirements.
📋 Key Facts
- The company updated its management presentation for use in meetings on September 8, 2025.
- The presentation will be posted on the Company's website as Exhibit 99.1.
- Information is furnished under Item 7.01 and is not considered 'filed' for purposes of Section 18 liability.
RGC Resources, Inc. is announcing a conference call with analysts to discuss the company's third quarter 2025 operating results. The filing includes an earnings webcast presentation as Exhibit 99.1.
📋 Key Facts
- The company is hosting a conference call for analysts regarding Q3 fiscal 2025 results (ending June 30, 2025).
- Information provided in the webcast presentation is furnished under Item 7.01 and not 'filed' for purposes of Section 18 liability.
- The filing was signed by Timothy J. Mulvaney, Vice President, Treasurer and CFO.
RGC Resources, Inc. filed an 8-K to announce its third quarter earnings results for the period ending June 30, 2025.
📋 Key Facts
- Earnings release date: August 11, 2025
- Reporting period: Third Quarter ending June 30, 2025
- The filing incorporates a press release as Exhibit 99.1
RGC Resources, Inc. has filed an 8-K to provide updated investor presentation materials used in meetings with analysts and the financial community.
📋 Key Facts
- The company updated its management presentation for use in investor/analyst meetings.
- The updated presentation is furnished as Exhibit 99.1.
- The filing was made pursuant to Item 7.01 (Regulation FD Disclosure).
RGC Resources, Inc. is providing notice of a conference call with analysts to discuss the company's second quarter fiscal 2025 operating results. The information presented in the accompanying webcast presentation is being furnished under Regulation FD.
📋 Key Facts
- The company is hosting an analyst conference call regarding Q2 fiscal 2025 results (period ending March 31, 2025).
- Earnings information is provided via a webcast presentation (Exhibit 99.1).
- Filing date: May 8, 2025.
RGC Resources, Inc. filed an 8-K to announce its second quarter earnings results for the period ending March 31, 2025. The filing serves as a formal announcement of the press release containing the company's financial performance.
📋 Key Facts
- Report date: May 6, 2025
- Reporting Period: Second Quarter ending March 31, 2025
- The filing incorporates a press release (Exhibit 99.1) regarding results of operations and financial condition.
RGC Resources, Inc. announced a new three-year natural gas asset management agreement with DTE Energy Trading and an amendment to its revolving credit facility with Pinnacle Bank. The credit facility expansion increases the principal amount of the promissory note to $30 million.
🚩 Red Flags
- Slight increase in interest rate spread (+15 bps) and unused fee (+10 bps) for the revolving credit facility.
📋 Key Facts
- Roanoke Gas Company (subsidiary) entered a Natural Gas Asset Management Agreement with DTE Energy Trading, Inc., effective April 1, 2025.
- The new agreement replaces an expiring contract with Sequent Energy Management, L.P. and runs through March 31, 2028.
- Roanoke amended and restated its Revolving Note with Pinnacle Bank on March 31, 2025.
- Revolving Note principal increased to $30,000,000 (up from previous levels).
- Interest rate adjusted from Term SOFR + 1.10% to Term SOFR + 1.25%.
- Unused fee on the loan agreement increased from 0.15% to 0.25% per year.
- The note matures on March 31, 2027.
RGC Resources, Inc. filed an 8-K to announce a conference call with analysts regarding the company's operating results for the first quarter ending December 31, 2024.
📋 Key Facts
- The company is hosting a conference call/webcast to discuss Q1 fiscal 2025 earnings (period ending Dec 31, 2024).
- Information presented in the webcast is furnished as Exhibit 99.1.
- The filing includes an earnings webcast presentation as Exhibit 99.1.
RGC Resources, Inc. filed an 8-K to announce its quarterly earnings results for the period ending December 31, 2024. The filing serves as a formal mechanism to incorporate the company's press release into its SEC reporting.
📋 Key Facts
- Report date: February 10, 2025
- Reporting period: First quarter ending December 31, 2024
- The filing includes a press release (Exhibit 99.1) detailing results of operations and financial condition.
- Signed by Timothy J. Mulvaney, Vice President, Treasurer and Chief Financial Officer.
RGC Resources, Inc. held its Annual Meeting of Shareholders on January 27, 2025, resulting in the election of three Class A directors and the ratification of Deloitte & Touche LLP as independent auditors. The company also announced leadership appointments, including Paul W. Nester as President and CEO.
📋 Key Facts
- Annual Meeting held on January 27, 2025.
- Elected Abney S. Boxley III, Elizabeth A. McClanahan, and John B. Williamson III to Class A director positions (terms expiring in 2028).
- Ratified Deloitte & Touche LLP as independent auditors for the fiscal year ending September 30, 2025.
- Paul W. Nester elected as President and CEO of RGC Resources, Inc. and Roanoke Gas Company.
- John B. Williamson III elected as Chairman of the Board.
- Timothy J. Mulvaney confirmed as VP, Treasurer, and CFO.
RGC Resources, Inc. filed an 8-K to announce a conference call for analysts regarding the company's fourth quarter and fiscal year 2024 operating results. The filing includes an earnings webcast presentation as Exhibit 99.1.
📋 Key Facts
- The company is hosting a conference call to discuss Q4 and full-year fiscal 2024 results ending September 30, 2024.
- Information regarding the call is provided in an earnings webcast presentation (Exhibit 99.1).
- Filing date: December 5, 2024.
RGC Resources, Inc. filed an 8-K to announce its fourth quarter and fiscal year results for the period ending September 30, 2024. The filing serves as a formal announcement of the company's quarterly earnings press release.
📋 Key Facts
- Report date: November 13, 2024
- Reporting period: Fourth quarter and year ending September 30, 2024
- The filing includes a press release (Exhibit 99.1) regarding results of operations and financial condition.
RGC Resources, Inc. has filed an 8-K to provide updated investor presentation materials used during a meeting on September 16, 2024. This filing is intended to satisfy Regulation FD requirements by making the information publicly available.
📋 Key Facts
- The company updated its management presentation for meetings with analysts and investors.
- The presentation was used in a meeting held on September 16, 2024.
- The materials are furnished as Exhibit 99.1 and are not considered 'filed' under Section 18 of the Exchange Act.
RGC Resources, Inc. filed an 8-K to announce a conference call with analysts regarding the company's third quarter fiscal 2024 operating results. The filing includes a webcast presentation as Exhibit 99.1.
📋 Key Facts
- The company is hosting a conference call for analysts to discuss Q3 2024 earnings (period ending June 30, 2024).
- Information was provided via an earnings webcast presentation (Exhibit 99.1).
- Filing date: August 7, 2024.
RGC Resources, Inc. filed an 8-K to announce its third quarter earnings results for the period ending June 30, 2024. The filing serves as a formal announcement of the company's quarterly financial performance via a press release.
📋 Key Facts
- Report date: August 5, 2024
- Reporting period: Third quarter ending June 30, 2024
- The filing includes an earnings press release as Exhibit 99.1
- Signed by Timothy J. Mulvaney, Vice President, Treasurer and Chief Financial Officer
RGC Resources, Inc. has filed an 8-K to provide updated investor presentation materials used in meetings with analysts and the financial community.
📋 Key Facts
- The company is updating its management presentations for use with investors and analysts.
- The updated slide presentation is furnished as Exhibit 99.1.
- Information provided under Item 7.01 is considered 'furnished' rather than 'filed', meaning it is not subject to the same liability standards as filed information.
RGC Resources, Inc. filed an 8-K to provide Regulation FD disclosure regarding a meeting with analysts to discuss second quarter fiscal 2024 operating results. The filing includes an earnings webcast presentation as Exhibit 99.1.
📋 Key Facts
- The company held/is conducting a meeting with analysts to discuss Q2 fiscal 2024 results (period ending March 31, 2024).
- Information is provided via an earnings webcast presentation (Exhibit 99.1).
- The disclosure is made pursuant to Regulation FD.
RGC Resources, Inc. filed an 8-K to announce its second quarter earnings results for the period ending March 31, 2024. The filing serves as a formal mechanism to incorporate the company's press release into its SEC reporting.
📋 Key Facts
- The filing is dated May 1, 2024.
- The report covers results for the second quarter ending March 31, 2024.
- The primary content of the announcement is contained in Exhibit 99.1 (Earnings Press Release).
- Signed by Timothy J. Mulvaney, Vice President, Treasurer and Chief Financial Officer.
RGC Resources, Inc.'s utility subsidiary, Roanoke Gas Company, amended its existing promissory note and loan agreement with Pinnacle Bank. The amendment extends the maturity date of a $25 million revolving note by one year.
🚩 Red Flags
- The extension of a debt maturity that was due on the same day as the filing (March 31, 2024) suggests a need for liquidity management or refinancing to avoid immediate repayment obligations.
📋 Key Facts
- Roanoke Gas Company (subsidiary) entered into an Amendment to the Promissory Note and Loan Agreement on March 31, 2024.
- The amendment extends the maturity date of the $25,000,000 Revolving Note from March 31, 2024, to March 31, 2025.
- Borrowing limits on the Revolving Note are modified to range from $15,000,000 to a maximum of $25,000,000 during the term.
- All other terms and requirements of the original March 24, 2023 agreement remain in effect.
RGC Midstream, LLC (a subsidiary of RGC Resources, Inc.) entered into two significant debt modification agreements with Atlantic Union Bank on March 6, 2024. These include an amendment to a credit agreement and a modification of an $8 million unsecured promissory note.
🚩 Red Flags
- Halt in principal payments on an $8 million note until April 2025 suggests a need for immediate cash flow preservation.
- Debt maturity extension and modification indicate active management of liquidity/repayment schedules.
📋 Key Facts
- Sixth Amendment to Credit Agreement: Increased availability from $23 million to $25 million; maturity extended to December 31, 2025.
- Interest rate incentives tied to Mountain Valley Pipeline (MVP) operations: Reduction from SOFR + 2.00% to SOFR + 1.75% upon MVP operation, and to SOFR + 1.55% once MVP distributions commence.
- Note Modification Agreement: Principal payments on the $8 million unsecured note are halted until April 1, 2025; quarterly payments of $400,000 will begin thereafter.
- Truist Bank assigned its outstanding portion of the credit agreement to Atlantic Union Bank.
RGC Resources, Inc. filed an 8-K to provide Regulation FD disclosure regarding a meeting with analysts to discuss the company's first quarter fiscal 2024 operating results.
📋 Key Facts
- The filing relates to the discussion of operating results for the first quarter of fiscal 2024, which ended on December 31, 2023.
- Information was presented via a webcast presentation (Exhibit 99.1).
- The disclosure is made pursuant to Regulation FD to ensure simultaneous public access to non-public information shared with analysts.
RGC Resources, Inc. filed an 8-K to announce its earnings results for the first quarter ending December 31, 2023. The filing serves as a formal notification that a press release containing financial performance data has been issued.
📋 Key Facts
- Report date: February 5, 2024
- Reporting period: First quarter ending December 31, 2023
- The company released its quarterly earnings via a press release (Exhibit 99.1)
- Filed by Timothy J. Mulvaney, VP, Treasurer and CFO
RGC Resources, Inc. announced the appointment of Timothy J. Mulvaney as Vice President, CFO, and Treasurer, effective February 1, 2024. The filing also details results from the company's Annual Meeting of Shareholders and the election of new Board leadership.
🚩 Red Flags
- Change in Control Agreement includes significant severance provisions (2x cash compensation) if terminated within 24 months of a change in control.
📋 Key Facts
- Timothy J. Mulvaney appointed as VP, CFO, and Treasurer, effective Feb 1, 2024 (previously Interim CFO since Sept 6, 2023).
- Mulvaney's compensation includes a $250,000 base salary and a target bonus of 60% split between cash and equity.
- Awarded 3,000 shares under the Restricted Stock Plan at $19.18 per share, vesting over three years.
- A Change in Control Agreement was entered into with Mulvaney, providing for accelerated vesting and severance (2.0x annualized cash compensation) under specific conditions.
- Paul W. Nester elected as President and CEO; John B. Williamson, III elected as Chairman of the Board.
- Annual Meeting results: Shareholders elected T. Joe Crawford, Maryellen F. Goodlatte, and Paul W. Nester to Class C directors.
RGC Resources, Inc. has engaged Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2024. This follows a tender process conducted by the Audit Committee to replace the former auditor.
🚩 Red Flags
- Multiple auditor changes within a short timeframe (previous resignation reported Jan 11, new engagement Jan 26).
📋 Key Facts
- Deloitte & Touche LLP was approved for engagement on January 26, 2024.
- The change is effective immediately for the fiscal year ending September 30, 2024.
- The company confirmed there were no disagreements with the former auditor regarding accounting principles or auditing practices.
- The resignation of the previous auditor was previously disclosed in an 8-K filed on January 11, 2024.
RGC Resources, Inc. announced the resignation of its independent registered public accounting firm, Brown, Edwards & Company, L.L.P., effective January 8, 2024. The company is currently in an audit tender process to select a replacement for the upcoming fiscal 2024 review.
🚩 Red Flags
- Auditor change without immediate replacement named (potential delay in financial reporting).
📋 Key Facts
- Brown, Edwards & Company, L.L.P. resigned as the independent auditor on January 8, 2024.
- The company stated there were no disagreements with the former auditor regarding accounting principles, financial statement disclosure, or auditing scope/procedures for fiscal years ended Sept 30, 2022, and Sept 30, 2023.
- No 'reportable events' occurred through January 8, 2024.
- The Audit Committee is currently conducting an audit tender process to engage a new firm for the Q1 fiscal 2024 review.