RGC Resources

RGC Resources, Inc. is a holding company, which engages in the distribution and sale of natural gas to residential, commercial, and industrial users in its service territory. The firm operates through the following segments: Gas Utility, Investment in Affiliates, and Parent and Other. The Gas Utility segment focuses on tariff rates and other regulatory mechanisms through which it provides for the sale and distribution of natural gas to customers. The Investment in Affiliates includes investment activities in MVP and Southgate projects. The Parent and Other segment consists of unregulated activities and corporate eliminations. The company was founded on July 31, 1998 and is headquartered in Roanoke, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

RGC Resources reports solid Q1 performance amidst challenges and opportunities

RGC Resources demonstrated strong operational performance and strategic foresight in Q1 2023, despite facing challenges such as customer count fluctuations and net income decline.
The company's focus on utility property investments, rate increases, and renewable energy projects underscores a commitment to sustainable growth and resilience in a dynamic market environment.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, RGC Resources is poised to navigate industry complexities and drive value for stakeholders in the upcoming quarters.

RGC Resources reports increased income despite mild winter, eyes growth

RGC Resources demonstrates resilience in financial performance despite challenges, with a focus on safety and customer service. The company anticipates growth through increased gas usage and strategic initiatives.

RGC Resources reports income growth amidst customer expansion and challenges

RGC Resources demonstrated solid financial performance with income increases and customer growth.
While facing challenges in gas volumes and construction delays, the company maintains a focus on financial management.
Opportunities lie in revenue expansion through customer growth and strategic investments in infrastructure.

RGC Resources reports robust Q4 earnings, eyes growth opportunities

RGC Resources demonstrated strong financial performance in Q4 2023, driven by customer growth and strategic investments in infrastructure.
While facing challenges such as earnings moderation and subsidiary breakeven, the company is well-positioned for future growth.
Opportunities lie in upcoming capital spending, pipeline completion, and revenue generation from pipeline operations and tie-ins.

RGC Resources reports strong Q1 earnings amidst rate increase filing

RGC Resources demonstrated robust financial performance with income and customer growth.
While facing challenges from weather-related volume fluctuations, the company maintains a stable outlook.
Strategic opportunities lie in industrial utilization growth and pipeline project advancements.
Overall, RGC Resources shows resilience and potential for revenue expansion.

RGC Resources reports solid Q2 performance amidst regulatory advancements

RGC Resources demonstrated resilience with increased gas volumes and customer base growth, despite a slight decline in operating income.
Efficient cost management and strategic regulatory initiatives position the company for sustained financial performance and growth.
While facing challenges like margin pressures and weather-dependent operations, RGC Resources leverages opportunities in infrastructure expansion and debt refinancing for future success.

RGC Resources navigates challenges, eyes growth opportunities in Q3 2024

RGC Resources demonstrated growth in key areas but faced challenges with lower volumes and financial performance.
The company's strategic strengths lie in its expansion efforts, pipeline project, and focused financial planning.
Addressing challenges such as cost pressures and revenue declines will be crucial for future success.
Opportunities in revenue growth, pipeline expansion, and strategic planning pave the way for a promising future.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DHT Holdings

Euronav

Mueller Industries

SB Financial Group

Teekay Tankers

Let' s take a look at the six top-ranked stocks with impressive net profit margins for a winning portfolio.

Bet on These 6 Top-Rated Stocks With Solid Net Profit Margins

ROANOKE, Va., March  05, 2020  (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced today that is has established an “at-the-market” (“ATM”) offering program under which it may issue and sell to the public, from time to time, up to $15 million of its common stock through Janney Montgomery Scott LLC, in its capacity as sales agent (the “Agent”).

RGC Resources, Inc. Announces $15 Million At-The-Market Equity Issuance Program

Hess

Marathon Oil

China's stimulus measures, US sanctions, OPEC's probable production cuts and Libya conflict help global oil prices scale north and settle near a 3-week high.

3 Stocks to Play Oil's Sharp Upward Movement

Accuray

MagnaChip Semiconductor

Rite Aid

Vericel

U.S. stocks are heavily exposed to the domestic economy where data continues to improve. And even if skeptics worry about the virus outbreak, developed markets are more stable than emerging markets during chaotic times.

Virus or No Virus, Investing Case in US Stocks Looks Solid!

RGC Resources, Inc. (RGCO) CEO John D'Orazio on Q1 2020 Results - Earnings Call Transcript

ROANOKE, Va., Feb.  04, 2020  (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on February 3, 2020, declared a quarterly dividend of $0.175 per share on the Company’s common stock.  The dividend will be paid on May 1, 2020 to shareholders of record on April 15, 2020.  This is the Company’s 304th consecutive quarterly cash dividend.  

RGC Resources, Inc.   Declares Quarterly Dividend

ROANOKE, Va., Jan.  28, 2020  (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced that the State Corporation Commission (SCC) issued its Final Order in the Company’s general rate case on January 24, 2020.  The Commission approved a gross rate increase of $7.25 million and a 9.44% return on equity.

RGC Resources’ Subsidiary Roanoke Gas Receives Rate Case Final Order

RGC Resources, Inc. (RGCO) CEO John D'Orazio on Q4 2019 Results - Earnings Call Transcript

ROANOKE, Va., Nov.  26, 2019  (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced that John S. D’Orazio will voluntarily retire as President and Chief Executive Officer effective February 7, 2020.  As part of the Company’s corporate succession plan, the Board of Directors approved the appointment of Paul W. Nester, age 45, as President and CEO of the Company effective with Mr. D’Orazio’s retirement.  Mr. D’Orazio has indicated his willingness to serve in an advisory capacity for a year following his retirement. 

RGC Resources, Inc. Announces CEO Retirement

ROANOKE, Va., Nov.  25, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on November 25, 2019, declared a quarterly dividend of $0.175 per share on the Company’s common stock. The indicated annual dividend is $0.70 per share, a $0.04 or 6.1% per share increase over the prior annual level. The Company has now increased the annual dividend 16 consecutive years. John D’Orazio, President and CEO of RGC Resources, Inc., stated, “The 6.1% increase reflects our solid financial performance, confidence in our business strategy and our continued commitment to deliver dividend growth to our shareholders.” The dividend will be paid on February 1, 2020 to shareholders of record on January 15, 2020. This is the Company’s 303rd consecutive quarterly cash dividend.

RGC Resources, Inc. Raises Annual Dividend 6.1% to $0.70 Per Share

ROANOKE, Va., Sept.  30, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on September 30, 2019, declared a quarterly dividend of $0.165 per share on the Company’s common stock. The dividend will be paid on November 1, 2019 to shareholders of record on October 15, 2019. This is the Company’s 302nd consecutive quarterly cash dividend.

RGC Resources, Inc.  Declares Quarterly Dividend

RGC Resources, Inc. (RGCO) CEO John D'Orazio on Q3 2019 Results - Earnings Call Transcript

RGC Resources (RGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

RGC Resources (RGCO) Reports Next Week: What to Expect

Calumet Inc

Oasis Midstream Partners

Plains GP Hlds

OPEC's production controls, U.S.-China trade truce and a near-term rate cut will likely support demand in 2H19.

4 Top-Ranked Oil Stocks to Buy on OPEC Cuts, Trade Truce

News for RGC Resources Stock (RGCO)