RGC Resources, Inc. Reports Earnings Results for the Fourth Quarter Ended September 30, 2021
November 15, 2021 at 05:00 pm EST
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RGC Resources, Inc. reported earnings results for the fourth quarter ended September 30, 2021. For the fourth quarter, the company reported sales was USD 13.36 million compared to USD 9.78 million a year ago. Net income was USD 0.000481 million compared to net loss of USD 0.329296 million a year ago.
RGC Resources, Inc. is an energy services company. It is primarily engaged in the sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its subsidiary, Roanoke Gas Company (Roanoke Gas). Roanoke Gas also provides certain unregulated services. Roanoke Gas maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial, and industrial users in its service territory. Roanoke Gas owns and operates about six metering stations through, which it measures and regulates the gas being delivered by its suppliers. These stations are located at various points throughout its distribution system. Roanoke Gas owns a liquefied natural gas storage facility located in its service territory that has the capacity to store up to 200,000 dekatherms (DTH) of natural gas. It has approximately 1,168 miles of transmission and distribution pipeline.
RGC RESOURCES, INC. 
