<SUBMISSION>
<ACCESSION-NUMBER>0000906504-06-000018
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20061205
<ITEMS>2.02
<ITEMS>9.01
<FILING-DATE>20061211
<DATE-OF-FILING-DATE-CHANGE>20061211
<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>061267747
</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>frm8k1206doc.txt
<DESCRIPTION>FORM 8-K FOR DECEMBER 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): December 5, 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 December 5, 2006, RGC Resources, Inc. issued a press
                 release announcing the annual financial results for the fiscal
                 year ended September 30, 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.

                 (d)      Exhibits

                 99.1     Press Release dated December 5, 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: December 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>frm8k1206ex99.txt
<DESCRIPTION>EXHIBIT 99.1 TO FORM 8-K FOR DECEMBER 2006
<TEXT>
                                                                  Exhibit 99.1


NEWS RELEASE


RGC RESOURCES, INC.

Release Date:     December 5, 2006
Contact: John B. Williamson, III
                  President, Chairman and CEO
Telephone:        540-777-3810


                               RGC RESOURCES, INC.
                            ANNUAL FINANCIAL RESULTS


ROANOKE, Va. (December 5, 2006)--RGC Resources, Inc. (NASDAQ: RGCO) announced
consolidated Company earnings of $3,274,594 or $1.54 per average diluted share
outstanding on continuing operations and earnings of $3,511,531 or $1.65 per
average diluted share outstanding on total operations for the fiscal year ended
September 30, 2006. This compares to consolidated earnings of $3,147,640 or
$1.51 per average diluted share outstanding on continuing operations and
earnings of $3,506,906 or $1.68 per average diluted share outstanding on total
operations for the year ended September 30, 2005. President, Chairman and CEO
John Williamson attributed the improvement in earnings on continuing operations
to improvement in gross margins.

         Net loss for the three months ended September 30, 2006 was ($189,311)
or ($0.10) per average diluted share outstanding on continuing operations and
($40,766) or ($0.03) per share on total operations compared to a loss of
($449,276) or ($0.22) per average share outstanding on continuing operations and
($411,733) or ($0.21) per average diluted share outstanding on total operations
for the quarter ended September 30, 2005. The majority of the Company's sales
occur in the winter months and as a result, the Company's third and fourth
quarters normally reflect earnings losses. Williamson attributes the smaller
loss on continuing operations in the fourth quarter of this year to improved
gross margins and lower bad debt expense.

         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 fourth quarter and twelve months
are as follows:


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

                                                     Three Months Ended             Twelve Months Ended
                                                        September 30,                  September 30,
                                                    2006            2005           2006            2005
                                                -----------------------------   -----------------------------
<S>     <C>    <C>    <C>    <C>    <C>    <C>

Revenues                                         $  12,460,939   $  17,465,790   $107,797,750    $100,076,667
Cost of sales                                        7,853,862      13,135,816     81,732,307      75,315,846
                                                 -------------   -------------   ------------    ------------
Gross Margin                                         4,607,077       4,329,974     26,065,443      24,760,821
Other operating expenses                             4,424,292       4,623,327     18,372,264      17,695,156
Interest expense                                       571,925         494,736      2,478,626       2,025,293
                                                 -------------   -------------   ------------    ------------
Income (loss) from continuing operations
   before income taxes                                (389,140)       (788,089)     5,214,553       5,040,372
Income tax expense (benefit) from continuing
   operations                                         (199,829)       (338,813)     1,939,959       1,892,732
                                                 -------------   -------------   ------------    ------------
Net income (loss) from continuing operations          (189,311)       (449,276)     3,274,594       3,147,640
Income from discontinued operations,
   net of income taxes                                 148,545          37,543        236,937         359,266
                                                 -------------   -------------   ------------    ------------
Net income (loss)                                      (40,766)       (411,733)     3,511,531       3,506,906
Other comprehensive income (loss), net of tax         (375,267)       (389,553)       377,643        (334,961)
                                                 -------------   -------------   ------------    ------------
Comprehensive income (loss)                      $    (416,033)  $    (801,286)  $  3,889,174    $  3,171,945
                                                 =============   =============   ============    ============

Basic earnings per share of common stock:
  Income (loss) from continuing operations       $       (0.09)  $       (0.22)  $       1.55    $       1.52
  Discontinued operations                                 0.07            0.01           0.11            0.17
                                                 -------------   -------------   ------------    ------------
  Net income (loss)                              $       (0.03)  $       (0.21)  $       1.66    $       1.69
                                                 =============   =============   ============    ============

Diluted earnings per share of common stock:
  Income (loss) from continuing operations       $       (0.10)  $       (0.22)  $       1.54    $       1.51
  Discontinued operations                                 0.07            0.01           0.11            0.17
                                                 -------------   -------------   ------------    ------------
  Net income (loss)                              $       (0.03)  $       (0.21)  $       1.65    $      1.68
                                                 =============   =============   ============    ============

Cash dividends per common share                  $       0.300   $        0.29   $      1.200    $     1.180
                                                 =============   =============   ============    ============

Weighted average number of common shares outstanding:
   Basic                                                                            2,120,267      2,079,851
   Diluted                                                                          2,130,720      2,093,115




                      Condensed Consolidated Balance Sheets
                                   (Unaudited)


                                                                       September 30,
Assets                                                              2006           2005
                                                                -------------  -------------
Current assets                                                   $  35,139,557  $  39,048,555
Total property, plant and equipment, net                            79,039,609     74,102,365
Other assets                                                           483,406        412,496
                                                                --------------  -------------

  Total Assets                                                   $ 114,662,572  $ 113,563,416
                                                                ==============  =============

Liabilities and Stockholders' Equity
Current liabilities                                              $  29,839,487  $  32,715,534
Long-term debt                                                      30,000,000     30,000,000
Deferred credits and other liabilities                              14,328,217     12,690,525
                                                                --------------  -------------
   Total Liabilities                                                74,167,704     75,406,059
Stockholders' Equity                                                40,494,868     38,157,357
                                                                --------------  -------------

  Total Liabilities and Stockholders' Equity                      $114,662,572   $113,563,416
                                                                ==============  =============
</TABLE>



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