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RGCO

RGC Resources, Inc.

https://www.rgcresources.com

Industry

Regulated Gas

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.

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RGC Resources (NASDAQ:RGCO) reported Q3 earnings per share (EPS) of $0.02, missing the analyst estimate of $0.07 by 71.43%. However, the company reported sales of $14.46 million, beating the estimate of $14.00 million by 3.27%.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:53 pm

RGC Resources' subsidiary, Roanoke Gas Company, has started receiving natural gas from the new Mountain Valley Pipeline, marking a significant milestone for the Roanoke Valley.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:02 pm

RGC Resources (NASDAQ:RGCO) reported Q2 2024 earnings of $0.63 per share with sales of $32.659M, missing the consensus estimate of $34.000M by 3.94%. This represents a 14.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:43 pm

RGC Resources (NASDAQ:RGCO) reported Q1 earnings of $0.50 per share, surpassing the $0.39 estimate, a 51.52% increase from last year. However, sales of $24.42M fell short of the $31.00M estimate, marking a 26.63% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:36 pm

RGC Resources, Inc. (NASDAQ:RGCO) announced an increase in its quarterly dividend from $0.1975 to $0.20 per share, marking the 20th consecutive year of dividend growth. The new annual dividend rate is $0.80 per share, up 1.3% from the previous rate. CEO Paul Nester highlighted the solid operational and financial performance of Roanoke Gas utility and the anticipated completion of the MVP in 2024. The dividend is payable on February 1, 2024, to shareholders of record as of January 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:50 pm

RGC Resources reported an increase in FY23 EPS to $0.10 from $(0.10) year-over-year, but missed revenue estimates with $12.467M compared to the expected $15M.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:52 pm

RGC Resources (NASDAQ:RGCO) reported Q4 earnings with an EPS of $0.1, surpassing the estimated $-0.02 by 600%. However, revenue declined by $1.65 million compared to the same period last year. Despite beating last quarter's EPS estimate, the share price fell by 1.05% the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 1:50 pm

RGC Resources Inc has appointed Timothy Mulvaney as interim Chief Financial Officer and Treasurer, effective September 6. The company continues to explore options for a permanent CFO and Treasurer, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:58 pm

RGC Resources (NASDAQ:RGCO) reported Q3 earnings of $0.07 per share, a 16.67% increase YoY. However, the company's quarterly sales of $13.66M missed the analyst consensus estimate of $18.00M by 24.11%, marking a 20.86% decrease YoY.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:40 pm

RGC Resources Inc's VP, CFO, and Treasurer, Jason Field, has voluntarily resigned, effective August 4, 2023. The company has initiated a search process for a new CFO and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:14 pm

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