RGC Resources, Inc. Declares Quarterly Dividend

ROANOKE, Jan. 25, 2023 - The Board of Directors of RGC Resources Inc. (NASDAQ: RGCO), at its meeting on January 23, 2023, declared a quarterly dividend of $0.1975 per share on the Company's common stock. The dividend will be paid on May 1, 2023 to shareholders of record on April 17, 2023. This is the Company's 316th consecutive quarterly cash dividend.

RGC Resources Inc. provides energy and related products and services to approximately 63,000 customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C.

The statements in this release that are not historical facts constitute "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. 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 any expectations expressed in the Company's forward-looking statements, regarding customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations and regulatory and legal challenges and those set forth in the Company's Form 10-K for the year ended September 30, 2022. Forward-looking statements reflect the Company's current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations.

Past performance is not necessarily a predictor of future results.