RGC Resources, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $227.8M
- Price
- $21.86
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.34%
- Volume
- 19.0K
About
RGC Resources, Inc., through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,157 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 6 metering stations. RGC Resources, Inc. was founded in 1883 and is based in Roanoke, Virginia.
Quick stats
Shares outstanding10.4M
Computed float8.3M
Float / shares79.8%
Key info
SectorUtilities
IndustryRegulated Gas
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001069533
Websitehttps://www.rgcresources.com
AI Summary
AI-generated1/9
minorbullishearnings
RGC Resources, Inc. Reports Third Quarter Earnings
RGC Resources reported Q3 net income of $559,000, or $0.05 per share, effectively flat year-over-year, as higher operating expenses offset gains from improved operating margins and base rates.
Year-to-date performance improved, with net income rising 5.2% to $14.2 million and diluted EPS increasing to $1.37, supported by lower interest expense and stronger operating margins.
CEO Paul Nester cited residential growth and rate increases as positive drivers, while noting persistent inflation and the loss of an industrial customer as offsetting factors.
Red flags
- Industrial customer ceased operations
- Persistent inflation impacting expenses
- Q3 operating income declined slightly year-over-year