RGC Resources VP, human resources Christen Miles buys $100 in shares

Christen Brooke Miles, Vice President of Human Resources at RGC Resources Inc. (NASDAQ:RGCO), recently purchased $100 worth of company common stock. The transaction, which occurred on October 1, 2026, involved acquiring 4.632 shares at a price of $21.59 per share.

The purchase was made through an optional cash contribution as part of the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. Following this transaction, Miles directly holds 9,946.973 shares of RGC Resources common stock.The insider’s confidence in the dividend program appears well-founded. According to InvestingPro data, RGCO has raised its dividend for 13 consecutive years and maintained payments for 33 consecutive years, with a current yield of 3.84%. The stock trades at $22.63, slightly above Miles’s purchase price, and InvestingPro analysis suggests the company is undervalued relative to its Fair Value. The company maintains a "GOOD" financial health score, with 5 additional InvestingPro Tips available for subscribers.

Additionally, Miles holds 5,000 employee stock options with an exercise price of $16.62, which become exercisable on April 18, 2024, and are set to expire on October 18, 2033. No transactions related to these derivative securities were reported in this filing.

In other recent news, RGC Resources reported its third-quarter fiscal 2026 earnings, which aligned with Wall Street’s estimates, posting earnings of 5 cents per share. However, the company’s revenue of $17.11 million fell short of the $18.2 million forecast, marking a 6% miss. Despite these results, RGC Resources highlighted that interim rates, new stay revenues, and higher industrial volumes helped to offset weaker demand patterns. Management noted potential challenges ahead, warning that margins and net income might be lower in the second half of the fiscal year. Additionally, the company is addressing damage to its LNG facility while working on long-term supply and storage strategies. Over the first nine months of the fiscal year, RGC Resources saw a 4.6% increase in earnings, rising to $1.37 per share from $1.31 a year earlier. These developments reflect the company’s ongoing efforts to navigate operational issues and fluctuating demand.