ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On April 3, 2023, Roanoke Gas Company ("Roanoke"), the utility subsidiary of RGC Resources, Inc. ("Resources"), amended and restated the $10,000,000 interest rate swap (the "Amendment") initially entered on September 24, 2021 with Pinnacle Bank ("Pinnacle"). The Amendment revised the interest rate swap's floating rate from LIBOR plus 100 basis points to Term SOFR plus 100 basis points, effective April 1, 2023, to align with the variable interest rate on the $10,000,000 Promissory Note with Pinnacle dated September 24, 2021 and subsequently amended and restated on March 24, 2023, as previously included in the Form 8-K filed on March 28, 2023. All other terms and requirements of the original interest rate swap, including the fixed rate of 2.49%, were retained.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN

OFF-BALANCE SHEET ARRANGEMENT.

The information required by this Item 2.03 is set forth in Item 1.01 above in respect of the interest rate swap, which is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.





(d) Exhibits.
10.1            Amended Swap Agreement by and between Roanoke Gas Company and Pinnacle
              Bank, dated April 3, 2023 (effective April 1, 2023).
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)

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