RGC RESOURCES INC RGCO
Resources was incorporated in the Commonwealth of Virginia on July 31, 1998 and, effective July 1, 1999, its subsidiaries were reorganized into the Resources holding company structure. Resources is currently composed of the following subsidiaries: Roanoke Gas and Midstream.
Roanoke Gas, originally established in 1883, was organized as a public service corporation under the laws of the Commonwealth of Virginia in 1912. The principal service of Roanoke Gas is the distribution and sale of natural gas to residential, commercial and industrial customers within its service territory in Roanoke, Virginia and the surrounding localities. Roanoke Gas also provides certain non-regulated services which account for less than 1% of consolidated revenues.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.9M | $80.5M | $94.4M | $82.4M | $73.9M | $1.2M | $67.6M | $66.0M | $60.5M | — |
| Gross profit | — | — | — | — | — | — | — | — | $32.8M | $31.6M |
| Total operating expenses | $76.9M | $67.6M | $79.8M | $69.2M | $60.4M | — | — | — | — | — |
| Operating income | $18.4M | $17.1M | $17.7M | $14.9M | $14.8M | $12.5M | $11.6M | $11.5M | $12.2M | $11.2M |
| Interest expense | $6.5M | $6.5M | $5.6M | $4.5M | $4.1M | $4.1M | $3.6M | $2.5M | $1.9M | $1.6M |
| Pre-tax income | $17.4M | $15.5M | $14.8M | -$43.1M | $13.3M | $13.9M | $11.3M | $10.2M | $10.0M | $9.5M |
| Income tax | $4.1M | $3.7M | $3.5M | $11.4M | $3.2M | $3.3M | $2.7M | $2.9M | $3.8M | $3.7M |
| Net income | $13.3M | $11.8M | $11.3M | -$31.7M | $10.1M | $10.6M | $8.7M | $7.3M | $6.2M | $5.8M |
| EPS, basic | 1.29 | 1.16 | 1.14 | -3.48 | 1.22 | 1.30 | 1.08 | 0.95 | 0.86 | 0.81 |
| EPS, diluted | 1.29 | 1.16 | 1.14 | -3.48 | 1.22 | 1.30 | 1.08 | 0.95 | 0.86 | 0.81 |
| Shares, diluted (wtd. avg.) | $10.3M | $10.2M | $9.9M | $9.1M | $8.3M | $8.1M | $8.1M | $7.7M | $7.3M | $7.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.3M | $894.2K | $1.5M | $4.9M | $1.5M | $291.1K | $1.6M | $247.4K | $69.6K | $643.3K |
| Receivables | $4.8M | $4.5M | $4.2M | $5.4M | $4.9M | $3.4M | $3.9M | $3.7M | $3.5M | $3.5M |
| Total current assets | $23.3M | $25.1M | $26.8M | $35.5M | $25.1M | $14.4M | $16.4M | $15.5M | $15.7M | $15.5M |
| Total assets | $329.8M | $320.7M | $303.7M | $290.3M | $310.1M | $281.7M | $258.4M | $219.6M | $183.1M | $165.6M |
| Accounts payable | $7.1M | $5.4M | $5.8M | $8.6M | $7.7M | $4.4M | $4.5M | $5.2M | $5.1M | $5.3M |
| Short-term debt | $2.8M | $800.0K | $11.0M | $1.3M | $7.0M | $0 | — | — | — | — |
| Total current liabilities | $22.5M | $28.7M | $32.9M | $22.3M | $26.0M | $16.6M | $21.6M | $24.1M | $14.4M | $28.5M |
| Long-term debt | $145.8M | $136.7M | $125.8M | $135.7M | $133.5M | $123.8M | $103.4M | $70.3M | $61.3M | $33.6M |
| Retained earnings | $12.3M | $7.6M | $4.0M | $544.2K | $39.7M | $35.7M | $30.8M | $27.4M | $24.7M | $24.7M |
| Total equity | $113.6M | $108.1M | $100.7M | $93.1M | $99.7M | $88.9M | $83.1M | $79.6M | $60.0M | $55.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $28.9M | $17.4M | $23.8M | $15.6M | $11.6M | $12.8M | $14.7M | $13.5M | $13.0M | $14.9M |
| Depreciation and amortisation | $11.5M | $10.5M | $10.0M | $9.2M | $8.7M | $8.1M | $7.6M | $7.1M | $6.4M | $5.7M |
| Stock-based compensation | $673.1K | $711.9K | $21.6K | — | — | — | — | — | — | — |
| Capital expenditure | $20.7M | $22.1M | $25.3M | $25.5M | $20.0M | $22.9M | $21.9M | $23.3M | $20.8M | $17.9M |
| Investing cash flow | -$20.7M | -$22.0M | -$27.4M | -$30.6M | -$25.8M | -$30.7M | -$42.8M | -$34.2M | -$23.5M | -$21.0M |
| Financing cash flow | -$6.8M | $4.0M | $218.9K | $18.4M | $15.5M | $16.6M | $29.5M | $20.8M | $9.9M | $5.7M |
| Dividends paid | $8.5M | $8.1M | $7.8M | $7.0M | $6.0M | $5.6M | $5.2M | $4.6M | $4.1M | $3.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-036827.
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