8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): May 9, 2013

RGC RESOURCES, INC.

(Exact name of Registrant as specified in its charter)

Virginia	000-26591	54-1909697
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

519 Kimball Ave., N.E. Roanoke, Virginia	24016
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 540-777-4427

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On May 9, 2013, RGC Resources, Inc. issued a press release announcing the second quarter results for the quarter ending March 31, 2013. A copy of this press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference. The information in this Current Report, including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference to such filing.

ITEM 9.01. FINANCIAL STATEMENT AND EXHIBITS.

99.1 Press Release dated May 9, 2013.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RGC RESOURCES, INC.
Date: May 10, 2013	By:	/s/ Paul W. Nester
		Paul W. Nester
		Vice President, Treasurer and CFO

EX-99.1

Exhibit 99.1

NEWS RELEASE

RGC RESOURCES, INC.

Release Date:	May 9, 2013
Contact:	Paul W. Nester
	Vice President and CFO
Telephone:	540-777-3837

RGC RESOURCES, INC.

SECOND QUARTER FINANCIAL RESULTS

ROANOKE, Va. (May 9, 2013)—RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $2,698,707 or $0.57 per average share outstanding for the quarter ended March 31, 2013. This compares to consolidated earnings of $2,483,307 or $0.54 per average share outstanding for the quarter ended March 31, 2012. CFO Paul Nester attributed the increase in earnings to higher gross margins from space heating sales volumes as a result of a cooler winter season.

Earnings for the twelve months ending March 31, 2013 were $4,231,386 or $0.91 per share compared to $0.97 per share for the twelve months ended March 31, 2012. Nester attributed the lower year-over-year earnings primarily to the effect of higher depreciation and property tax expenses associated with the Company’s pipeline replacement program.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc.

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.

Summary financial statements for the second quarter and twelve months are as follows:

RGC Resources, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

	Three Months Ended March 31,				Twelve Months Ended March 31,
	2013		2012		2013		2012
Revenues	$	24,175,638	$	21,290,227	$	61,932,514	$	60,967,946
Cost of sales		14,589,911		12,171,705		34,725,356		33,881,161
Gross margin		9,585,727		9,118,522		27,207,158		27,086,785
Other operating expenses, net		4,772,954		4,657,091		18,540,948		18,030,722
Interest expense		454,853		456,710		1,829,490		1,829,953
Income before income taxes		4,357,920		4,004,721		6,836,720		7,226,110
Income tax expense		1,659,213		1,521,414		2,605,334		2,743,596
Net income	$	2,698,707	$	2,483,307	$	4,231,386	$	4,482,514
Net earnings per share of common stock:
Basic	$	0.57	$	0.54	$	0.91	$	0.97
Diluted	$	0.57	$	0.53	$	0.90	$	0.97
Cash dividends per common share	$	0.180	$	0.175	$	1.710	$	0.690
Weighted average number of common shares outstanding:
Basic		4,701,866		4,638,889		4,675,007		4,623,863
Diluted		4,701,866		4,644,251		4,675,834		4,629,861

Condensed Consolidated Balance Sheets

(Unaudited)

	March 31,
	2013		2012
Assets
Current assets	$	34,247,587	$	35,344,882
Total property, plant and equipment, net		93,418,946		87,865,291
Other assets		8,628,729		7,658,663
Total Assets	$	136,295,262	$	130,868,836
Liabilities and Stockholders’ Equity
Current liabilities	$	36,162,654	$	31,562,630
Long-term debt		13,000,000		13,000,000
Deferred credits and other liabilities		37,571,637		34,250,524
Total Liabilities		86,734,291		78,813,154
Stockholders’ Equity		49,560,971		52,055,682
Total Liabilities and Stockholders’ Equity	$	136,295,262	$	130,868,836