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Rgc Resources (RGCO)
:RGCO
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.5Last Year’s EPS
0.5Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2018
|% Change Since: -4.79%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced view with significant regulatory achievements and operational expansions, while also facing challenges such as lower gas volumes and decreased net income due to higher interest costs. Despite these challenges, the company showed optimism with an increase in dividend and cash flow from RGC Midstream.Company Guidance
During the RGC Resources Q4 2024 earnings call, significant guidance was provided, emphasizing a favorable settlement in their general rate case with the SEC, allowing for a $4.08 million increase in annual revenue and an ROE of 9.9%. The company reported a decrease in capital expenditures to $22.1 million for fiscal 2024 from $25.3 million in the prior year, primarily due to reduced spending on the RNG facility. Operational highlights included the extension and renewal of nearly 8 miles of main lines and the connection of 631 new services, reflecting growth in their service territory. Despite a 5% decline in quarterly gas volumes due to warm fall weather, full-year volumes remained steady. For fiscal 2024, net income grew by $462,000 to $11.8 million, or $1.16 per share, overcoming inflationary pressures. Looking ahead to 2025, RGC Resources anticipates capital spending of $21.6 million, sustained growth from the operational Mountain Valley Pipeline, and an EPS forecast between $1.18 and $1.25 per share. The company also announced a dividend increase of nearly 4% to $0.83 annually.Regulatory Achievements
Received favorable commission decisions on regulatory matters and reached a settlement in the general rate case with SEC staff, allowing for a $4.08 million increase in annual revenue with an ROE of 9.9%.
Operational Expansion
Completed main extensions totaling nearly 8 miles and connected 631 new services, which is an increase of 79 new services over the prior period.
Capital Investments
Invested $22.1 million in capital spending for fiscal 2024, including significant expansions and new service initiations, and completed two interconnects with the MVP.
Dividend Increase
Announced an annual dividend increase of just under 4% to $0.83 annually.
Cash Flow from RGC Midstream
Received first cash distribution from RGC Midstream of approximately $800,000, with expectations of $3.2 million for the year.
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RGCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RGCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $21.09 | $20.75 | -1.61% |
| Aug 05, 2024 | $19.02 | $19.56 | +2.84% |
| May 01, 2024 | $20.56 | $20.83 | +1.31% |
| Feb 05, 2024 | $17.57 | $17.76 | +1.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rgc Resources (RGCO) report earnings?
Rgc Resources (RGCO) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Rgc Resources (RGCO) earnings time?
Rgc Resources (RGCO) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RGCO EPS forecast?
RGCO EPS forecast for the fiscal quarter 2025 (Q1) is -0.5.
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