August 25, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of RGC Resources Inc. (NASDAQ:RGCO) was announced over potential breaches of fiduciary duties by certain officers and directors at RGC Resources.

The investigation by a law firm concerns whether certain RGC Resources and directors breached their fiduciary duties.

Roanoke, VA based RGC Resources, Inc. is an energy services company that 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. RGC Resources Inc. reported that its Total Revenue declined from $67.09 million for the 12 months period that ended on September 30, 2015 to $58.08 million for the 12 months period that ended on September 30, 2016 and that its Net Income for those respective time period increased from $5.09 million to $5.81 million.