RGCO

Ingles Markets Dividend Announcement: Ingles Markets declared cash dividends of $0.165 per share for Class A Common Stock and $0.15 for Class B Common Stock, payable on April 17, 2025, to shareholders recorded by April 10, 2025.

Other Companies' Dividend Declarations: NewtekOne announced a quarterly dividend of $0.19 per share, RGC Resources declared $0.2075 per share, and Global Water Resources set a monthly dividend of $0.02533 per share, all with specific payment dates in April and May 2025.

Dividend Declaration: RGC Resources, Inc. has declared a quarterly dividend of $0.2075 per share, which will be paid on May 1, 2025, to shareholders recorded by April 17, 2025, marking the company's 324th consecutive quarterly cash dividend.

Forward-Looking Statements: The company issued forward-looking statements regarding potential risks and uncertainties that could affect future performance, including factors like gas prices, supply issues, and regulatory challenges.

Financial Performance: RGC Resources, Inc. reported a net income of $5,269,689 ($0.51 per share) for Q1 2024, reflecting an increase from $5,019,992 ($0.50 per share) in Q1 2023, driven by higher utility margins and colder weather, despite lower equity earnings from affiliates and increased interest expenses.

Investment and Infrastructure: The company continues to invest in utility infrastructure to improve reliability and service delivery, with significant contributions from its largest transportation customer and ongoing operations of the MVP pipeline, although equity earnings from this investment decreased compared to the previous year.

Quarterly Conference Call Announcement: RGC Resources, Inc. will hold a quarterly conference call on February 11, 2025, at 9:00 a.m. ET to discuss its fiscal first quarter results, with materials available on their website prior to the call.

Company Overview and Forward-Looking Statements: RGC Resources provides energy services in Virginia and may issue forward-looking statements regarding financial performance and business prospects, noting that actual results could differ due to various factors.

Election of Directors: RGC Resources, Inc. held its shareholders meeting on January 27, 2025, where shareholders elected three directors for three-year terms and ratified Deloitte & Touche, LLP as auditors for fiscal 2025.

Board Appointments: Following the meeting, John B. Williamson III was elected Chairman of the Board, and Paul W. Nester was appointed President and CEO, along with other senior officer elections for both RGC Resources and its subsidiary, Roanoke Gas Company.

Earnings Conference Call Overview: RGC Resources, Inc. held its Q4 2024 earnings conference call on December 5, 2024, where executives discussed operational and financial highlights, regulatory activities, and the outlook for fiscal 2025.

Regulatory Developments: The company reported favorable commission decisions on several regulatory matters in Q4 and reached a settlement regarding their general rate case, indicating a proactive approach to regulatory challenges.

Dividend Announcements: Donaldson declared a cash dividend of 27.0 cents per share, while Consolidated Water announced a quarterly dividend of $0.11 per share for Q1 2025. RGC Resources increased its annual dividend to $0.83 per share, marking 21 consecutive years of increases.

Additional Dividend Declarations: Diana Shipping declared a cash dividend of $0.01 per share, and Orange County Bancorp announced a $0.25 cash dividend with a $0.02 increase.

Dividend Declaration: RGC Resources, Inc. announced a quarterly dividend of $0.2075 per share, marking a 3.8% increase from the previous year and continuing a 21-year streak of annual increases.

Operational Performance: CEO Paul Nester highlighted the company's solid operational performance and the completion of the MVP project, which enhances natural gas delivery in Southwest Virginia, reinforcing their commitment to long-term shareholder value.

Earnings Performance: Occidental Petroleum reported quarterly earnings of $1 per share, exceeding estimates but down from $1.18 a year ago; revenues of $7.15 billion missed expectations and the company has underperformed the market this year.

Future Outlook: The stock currently holds a Zacks Rank #5 (Strong Sell) due to unfavorable estimate revisions, with analysts projecting continued challenges in the near future amid a struggling industry ranking.

Dividend Declaration: RGC Resources, Inc. has declared a quarterly dividend of $0.20 per share, to be paid on November 1, 2024, marking the company's 322nd consecutive quarterly cash dividend.

Forward-Looking Statements: The company issued forward-looking statements regarding potential risks and uncertainties that could affect its future performance, including factors like gas prices, supply issues, and regulatory challenges.

Small-Cap Investor Struggles: Small-cap investors are facing prolonged challenges, with uncertainty about when they will see significant gains in the market.

Recent Performance Highlight: The Russell 2000 index showed a notable outperformance against the S&P 500 in July, marking one of the largest margins for small-cap stocks in recent times.

Earnings Report Overview: RGC Resources reported third-quarter earnings for 2024, with earnings per share of 2 cents, falling short of the analyst estimate of 7 cents, while revenue reached $14.46 million, exceeding expectations of $14.00 million by 3.27%.

Automated Earnings Coverage: InvestorPlace Earnings utilizes TradeSmith data to automate the reporting of quarterly earnings, providing quick insights on key financial metrics without human intervention.

Earnings Performance: RGC Resources Inc. reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.07, marking a significant earnings surprise of -71.43%. The company also posted revenues of $14.46 million, exceeding expectations by 3.27%.

Market Outlook: The stock currently holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market. The outlook for the oil and gas industry remains weak, as it ranks in the bottom 11% of Zacks industries, which could impact RGC's future performance.

Financial Performance: RGC Resources, Inc. reported a net income of $156,692 ($0.02 per share) for Q3 2024, a decline from $686,816 ($0.07 per share) in Q3 2023, primarily due to increased operating costs and lower earnings from the Mountain Valley Pipeline investment.

Pipeline Operations and Rate Application: The Mountain Valley Pipeline began operations in June 2024, enhancing service reliability, while Roanoke Gas has filed for rate relief due to rising costs, with interim rates effective July 1, 2024.

• Mountain Valley Pipeline repaired a segment that failed a water test and aims to be in service by the end of this month.
• The project's lead partner, Equitrans Midstream, expects construction and commissioning activities to be completed by May 31, 2024.
• Hydrostatic testing for most of the pipeline route was successful, but a failure was reported at milepost 245.95 on May 1.
• The company has since conducted additional hydrostatic testing without incident, including on the repaired segment.
• Mountain Valley Pipeline is owned by units of Equitrans, NextEra Energy, Consolidated Edison, AltaGas, and RGC Resources.