<SUBMISSION>
<ACCESSION-NUMBER>0000906504-06-000010
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060511
<ITEMS>2.02
<ITEMS>9.01
<FILING-DATE>20060511
<DATE-OF-FILING-DATE-CHANGE>20060511
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>RGC RESOURCES INC
<CIK>0001069533
<ASSIGNED-SIC>4923
<IRS-NUMBER>541909697
<STATE-OF-INCORPORATION>VA
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-26591
<FILM-NUMBER>06830474
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>519 KIMBALLAVENUE N.E.
<CITY>ROANOKE
<STATE>VA
<ZIP>24016
<PHONE>5407774427
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>519 KIMBALL AVENUE N.E.
<CITY>ROANOKE
<STATE>VA
<ZIP>24016
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>frm8k0506doc.txt
<DESCRIPTION>FORM 8-K FOR MAY 2006
<TEXT>
                       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 11, 2006

                                 --------------


                               RGC RESOURCES, INC.
             (Exact name of Registrant as specified in its charter)

                                 ---------------


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


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 13c-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

-------------------------------------------------------------------------------


<PAGE>



 ITEM 2.02.       RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

                  On May 11, 2006, RGC Resources, Inc. issued a press release
                  announcing second quarter results for the quarter ending March
                  31, 2006. 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 STATEMENTS AND EXHIBITS.



                  99.1     Press Release dated May 11, 2006.







<PAGE>



                                   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 11, 2006                 By: s/Howard T. Lyon

                                       Howard T. Lyon
                                       Vice-President, Treasurer and Controller
                                      (Principal Financial Officer)


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>frm0506ex99.txt
<DESCRIPTION>EXHIBIT 99.1 TO FORM 8-K FOR MAY 2006
<TEXT>
                                                                  Exhibit 99.1





Contact:          John B. Williamson, III
                  Chairman, President and CEO
Telephone:        (540) 777-3810

FOR IMMEDIATE RELEASE

                               RGC RESOURCES, INC.
                        SECOND QUARTER FINANCIAL RESULTS


ROANOKE, Va. (May 11, 2006)--RGC Resources, Inc. (NASDAQ: RGCO) announced
consolidated Company earnings of $2,157,074 or $1.02 per share on 2,124,226
average diluted shares outstanding for the quarter ended March 31, 2006. This
compares to quarterly earnings for the same quarter last year of $2,063,719 or
$0.99 per share on 2,087,105 average diluted shares outstanding. John
Williamson, Chairman, President and CEO, attributed the improvement in earnings
primarily to improved natural gas sales margins.

         Earnings per share for the twelve months ending March 31, 2006 were
$1.57 on continuing operations and $1.62 for total operations on 2,111,267
average diluted shares outstanding compared to $1.31 for continuing operations
and $5.74 for total operations on 2,069,603 average diluted shares outstanding
for the twelve months ended March 31, 2005. Earnings for the twelve months ended
March 31, 2005 were positively impacted by a gain of $9,504,329 or $4.65 per
diluted share on the sale of propane assets in the quarter ended September 30,
2004.

         RGC Resources, Inc. provides energy and related products and services
to customers in Virginia and West Virginia through its operating subsidiaries
including Roanoke Gas Company, Bluefield 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 quarter and twelve months are as
follows:



<PAGE>

<TABLE>
<CAPTION>



                      RGC Resources, Inc. and Subsidiaries
      Condensed Consolidated Statements of Income and Comprehensive Income
                                   (Unaudited)

                                                            Three Months Ended                        Twelve Months Ended
                                                                March 31,                                  March 31,
                                                         2006                2005                  2006                2005
                                                   ----------------    ----------------      -----------------   -----------------
<S>     <C>    <C>    <C>    <C>    <C>    <C>
Revenues                                          $      45,781,066   $      43,316,547     $      142,223,953  $      111,515,451
Cost of sales                                            36,785,444          34,843,735            115,983,794          87,310,080
                                                   ----------------    ----------------      -----------------   -----------------
Gross margin                                              8,995,622           8,472,812             26,240,159          24,205,371
Other operating expenses                                  4,822,048           4,625,577             18,605,046          17,884,538
Interest expense                                            685,962             520,732              2,314,592           1,970,934
                                                   ----------------    ----------------      -----------------   -----------------
Income from continuing operations
   before income taxes                                    3,487,612           3,326,503              5,320,521           4,349,899
Income tax expense from continuing operations             1,330,538           1,270,894              1,996,227           1,636,221
                                                   ----------------    ----------------      -----------------   -----------------
Net income  from continuing operations                    2,157,074           2,055,609              3,324,294           2,713,678
Net income from discontinued operations,
  net of income taxes                                             -               8,110                102,754           9,161,794
                                                   ----------------    ----------------      -----------------   -----------------
Net income                                                2,157,074           2,063,719              3,427,048          11,875,472
Other comprehensive income (loss), net of tax               411,479              21,277                 45,207             143,860
                                                   ----------------    ----------------      -----------------   -----------------
Comprehensive income                              $       2,568,553   $       2,084,996     $        3,472,255  $       12,019,332
                                                   ================    ================      =================   =================

Basic earnings per share of common stock:
  Income from continuing operations               $            1.02   $            0.99     $             1.58  $             1.32
  Discontinued operations                                         -                0.01                   0.05                4.46
                                                   ----------------    ----------------      -----------------   -----------------
  Net income                                      $            1.02   $            1.00     $             1.63  $             5.78
                                                   ================    ================      =================   =================

Diluted earnings per share of common stock:
  Income from continuing operations               $            1.02   $            0.98     $             1.57  $             1.31
  Discontinued operations                                         -                0.01                   0.05                4.43
                                                   ----------------    ----------------      -----------------   -----------------
  Net income                                      $            1.02   $            0.99     $             1.62  $             5.74
                                                   ================    ================      =================   =================

Cash dividends per common share                   $           0.300   $           0.295     $            1.190  $            5.680
                                                   ================    ================      =================   =================

Weighted average number of common shares outstanding:
   Basic                                                  2,114,012           2,073,009              2,099,335           2,054,998
   Diluted                                                2,124,226           2,087,105              2,111,267           2,069,603

</TABLE>




<TABLE>
<CAPTION>

                      Condensed Consolidated Balance Sheets
                                   (Unaudited)

                                                                                           March 31,
Assets                                                                            2006                  2005
                                                                            -----------------     -----------------
<S>                                                                            <C>                   <C>
Current assets                                                                 $   39,322,437        $   34,223,259
Total property, plant and equipment, net                                           75,758,722            72,070,508
Other assets                                                                          526,026               480,471
                                                                            -----------------     -----------------

  Total Assets                                                                  $ 115,607,185         $ 106,774,238
                                                                            =================     =================

Liabilities and Stockholders' Equity
Current liabilities                                                            $   30,793,856        $   39,287,908
Long-term debt                                                                     30,000,000            16,000,000
Deferred credits and other liabilities                                             13,335,373            11,993,008
                                                                            -----------------     -----------------
   Total Liabilities                                                               74,129,229            67,280,916
Stockholders' Equity                                                               41,477,956            39,493,322
                                                                            -----------------     -----------------

  Total Liabilities and Stockholders' Equity                                    $ 115,607,185         $ 106,774,238
                                                                            =================     =================
</TABLE>




</TEXT>
</DOCUMENT>
</SUBMISSION>
