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RGCO

RGC Resources, Inc.

RGCO

RGC Resources, Inc. • NASDAQ
$22.56 ▲ 1.08% (+0.24)
Market Cap $232.94 M
52w High $23.82
52w Low $19.06
Dividend Yield 0.83%
P/E 17.49
Volume 5.87K
Outstanding Shares 10.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $14.318M ▼ $0 ▼ $-204.339K ▼ -1.427% ▼ $-0.02 ▼ $1.382M ▼
Q3-2025 $17.265M ▼ $3.659M ▼ $538.412K ▼ 3.119% ▼ $0.052 ▼ $5.122M ▼
Q2-2025 $36.462M ▲ $3.671M ▲ $7.676M ▲ 21.053% ▲ $0.75 ▲ $14.522M ▲
Q1-2025 $27.289M ▲ $3.566M ▲ $5.27M ▲ 19.31% ▲ $0.51 ▲ $11.499M ▲
Q4-2024 $13.104M $3.152M $140.822K 1.075% $0.014 $4.427M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $0 ▼ $329.84M ▲ $216.287M ▲ $113.553M ▼
Q3-2025 $2.127M ▼ $324.758M ▼ $208.497M ▼ $116.261M ▼
Q2-2025 $2.153M ▲ $326.421M ▼ $208.588M ▼ $117.833M ▲
Q1-2025 $2.098M ▲ $335.172M ▲ $223.411M ▲ $111.761M ▲
Q4-2024 $894.185K $320.699M $212.562M $108.137M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $538.412K ▼ $6.438M ▼ $-5.048M ▼ $-1.416M ▲ $-25.882K ▼ $1.391M ▼
Q2-2025 $7.676M ▲ $21.008M ▲ $-4.957M ▲ $-15.996M ▼ $54.408K ▼ $16.064M ▲
Q1-2025 $5.27M ▲ $827.19K ▲ $-5.751M ▼ $6.128M ▲ $1.204M ▲ $-4.921M ▲
Q4-2024 $140.822K ▼ $377.439K ▼ $-5.489M ▼ $3.465M ▲ $-1.647M ▼ $-5.148M ▼
Q3-2024 $156.692K $5.854M $-5.264M $-68.76K $521.91K $564.739K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Nonutility
Nonutility
 $0 ▲$0 ▲$0 ▲$0 ▲
Oil and Gas
Oil and Gas
 $10.00M ▲$20.00M ▲$20.00M ▲$10.00M ▼
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement RGC Resources shows the classic profile of a small regulated utility: steady, modest revenue with relatively stable profit margins. Earnings dipped sharply a few years ago, likely due to a one‑time hit or project‑related charges, but have since normalized back to a more typical, modest profit level. Operating performance has been fairly consistent, and recent years suggest that the business is once again generating predictable, if unspectacular, earnings. Overall, the income statement points to stability rather than rapid growth, with one notable past setback that now appears largely behind the company.

Balance Sheet

Balance Sheet The balance sheet reflects a capital‑intensive utility model: a large base of infrastructure assets, funded by a mix of debt and shareholder equity. Debt levels have crept higher but remain in a range that is typical for a regulated gas utility, where predictable cash flows help support leverage. Equity has been gradually building, suggesting the company is retaining some value over time. Cash on hand looks lean, but utilities often rely more on credit facilities and steady incoming payments than on large cash balances. Overall, the financial position appears balanced but dependent on continued regulatory support and access to financing.

Cash Flow

Cash Flow Cash flow from the core business has been steady and dependable, which is what you would expect from a regulated utility with a captive customer base. However, ongoing investment in pipelines and related infrastructure absorbs much of that cash, leaving free cash flow close to break‑even or slightly negative at times. This implies that dividends, debt repayment, and growth projects likely lean on external financing or periodic equity raises. The pattern fits a utility that prioritizes system reliability and long‑term asset upgrades over near‑term excess cash generation.

Competitive Edge

Competitive Edge RGC Resources operates with a strong local moat as the regulated gas distributor in its territory. Its exclusive franchise rights, entrenched pipeline network, and long history in the region make it very hard for new competitors to enter. Regulation caps how much it can earn but also stabilizes its revenues and returns. The investment in the Mountain Valley Pipeline adds a differentiated midstream element that could enhance its long‑term position by improving supply access and creating an additional income stream. The flip side is exposure to regulatory and project‑specific risks tied to that pipeline and to broader policy toward fossil fuels.

Innovation and R&D

Innovation and R&D The company is not an innovation powerhouse in the tech sense, but it has been methodical about modernizing its system. Replacing older pipes with newer materials, cutting methane leaks, and using information technology to run the network more safely and efficiently are the main themes. Its SAVE program and emission‑reduction focus are important as environmental expectations rise. RGC is also experimenting at the margins with sustainability initiatives like solar at its facilities. Overall, innovation here is practical and incremental, aimed at reliability, safety, compliance, and modest environmental improvement rather than breakthrough technologies.

Summary

RGC Resources looks like a traditional regulated gas utility with a steady, community‑focused profile: relatively stable earnings, a heavy but manageable debt load, and consistent operating cash flows reinvested into the network. Its regulated monopoly status and long‑standing customer relationships are key strengths, offering predictability and protection from direct competition. The strategic stake in the Mountain Valley Pipeline adds both opportunity and risk, potentially enhancing growth but increasing exposure to regulatory and energy‑transition headwinds. Over time, the company’s story is one of slow, steady progress with an emphasis on infrastructure reliability, dividends, and careful modernization rather than rapid expansion or disruptive innovation.

NEWS

November 24, 2025 · 4:44 PM UTC

RGC Resources, Inc. Raises Annual Dividend to $0.87 Per Share

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November 20, 2025 · 2:00 PM UTC

RGC Resources, Inc. Schedules Fourth Quarter 2025 Earnings Call

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November 19, 2025 · 4:57 PM UTC

RGC Resources, Inc. Reports 2025 Earnings

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October 23, 2025 · 4:30 PM UTC

Mountain Valley Pipeline, LLC Files Formal Application Requesting FERC Authorization to Construct MVP Boost

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September 29, 2025 · 5:00 PM UTC

RGC Resources, Inc. Declares Quarterly Dividend

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