RGC RESOURCES, INC. (NASDAQ:RGCO) Files An 8-K Other Events

RGC Midstream, LLC (\”Midstream\”), a wholly-owned subsidiary of RGC Resources, Inc. (the \”Company\”) is a 1% investor in the Mountain Valley Pipeline, LLC (the \”LLC\”). On June 17, 2019, the managing partner of the LLC disclosed that the expected in-service date for the Mountain Valley pipeline (\”MVP\”) has been extended from late 2019 to mid 2020. Furthermore, as a result of the later in-service date, the projected cost of the MVP has increased to between $4.8 and $5.0 billion from its prior estimated cost of $4.6 billion. Due to the revised cost projections, Midstream\’s cash investment is expected to increase to nearly $50 million, or 1% of the total project cost.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company\’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company\’s forward-looking statements.

About RGC RESOURCES, INC. (NASDAQ:RGCO)

RGC Resources, Inc. (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary. Roanoke Gas also provides certain non-regulated services. It maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial and industrial users in its service territory. As of September 30, 2016, Resources had approximately 1,132 miles of transmission and distribution pipeline. As of September 30, 2016, Roanoke Gas owned and operated eight metering stations. It also owns a liquefied natural gas storage facility located in Botetourt County that has the capacity to store up to 220,000 dekatherm (DTH) of natural gas. The Company’s subsidiaries also include Diversified Energy Company and RGC Midstream, LLC.