RGC Resources director Johnston buys $22,193 in RGCO stock

RGC Resources' Director John Johnston recently purchased 1,070 shares of the company's common stock, totaling $22,193, on September 23, 2026. These shares were bought at prices between $20.62 and $20.75 per share, currently trading around $21.28, near its 52-week low of $20.55. After the purchase, Mr. Johnston owns a total of 67,070 shares directly.

RGC Resources has a strong track record of dividend payments, maintaining them for 33 consecutive years and offering a 4.09% dividend yield. Subscribers to InvestingPro gain access to 5 exclusive tips regarding the company's financial health and valuation.

In their most recent quarter, RGC Resources reported earnings of 5 cents per share, meeting Wall Street estimates. However, the company's revenue fell short of projections, with $17.11 million compared to the expected $18.2 million. Analysts point out that while earnings were on target, revenue was down by about 6%. The company attributes this discrepancy to factors such as interim rates, new stay revenues, and increased industrial volumes.

Nevertheless, management warns that margins and net income could decrease in the second half of the fiscal year.

Furthermore, RGC Resources is grappling with damage to its LNG facility and strategizing for long-term supply and storage solutions. For the first nine months of the fiscal year, the company reported earnings of $1.37 per share, representing a 4.6% increase compared to the previous year.