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Rgc Resources Inc. (RGCO)
NASDAQ:RGCO
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -3.57%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant growth in gas volumes and net income, supported by regulatory achievements and economic development. However, challenges such as reduced capital expenditure, higher interest expense, and potential economic uncertainties were noted.Company Guidance
In the second quarter earnings call for fiscal year 2025, RGC Resources provided guidance on several performance metrics. The company reported a substantial increase in delivered gas volumes, which rose by 20% compared to the same quarter in 2024, driven by an industrial customer's higher natural gas consumption and a 21% increase in heating degree days. Net income for the quarter was $7.7 million or $0.74 per share, a 17% increase from the previous year. For the first half of fiscal 2025, net income reached $12.9 million or $1.26 per share, reflecting an 11% increase from the same period in 2024. Capital expenditures for the first half were $10.7 million, down 5% from the prior year, influenced by weather-related spending delays. Looking ahead, the company raised its full-year earnings per share guidance to between $1.22 and $1.27, while anticipating a small net loss in the fourth quarter due to seasonality in revenue. RGC Resources also highlighted ongoing refinancing efforts for its $26.6 million midstream debt, expected to be completed by December 31, 2025.Strong Main Extensions and Renewals
Installed 2.7 main miles and connected 359 new services in the first half of fiscal 2025, surpassing the total installed in the full 2024 fiscal year.
Increase in Delivered Gas Volumes
Total gas volumes were up 20% compared to Q2 2024, driven by an industrial customer's increased consumption and a 21% increase in heating degree days.
Regulatory Success
State Corporation Commission confirmed rates that produced an annual revenue increase of more than $4 million.
Net Income Growth
Q2 net income increased by 17% to $7.7 million, or $0.74 per share, compared to the previous year.
Strong Balance Sheet
Renewed Roanoke Gas' line of credit for two years, raising the maximum availability to $30 million.
Economic Development and Growth Opportunities
Successful regional economic development with multiple business expansions and a $400 million hospital expansion.
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
RGCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $21.57 | $21.07 | -2.32% |
Feb 10, 2025 | $21.25 | $21.19 | -0.28% |
Nov 13, 2024 | $20.68 | $20.34 | -1.64% |
Aug 05, 2024 | $18.65 | $19.18 | +2.84% |
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.
FAQ
When does Rgc Resources Inc. (RGCO) report earnings?
Rgc Resources Inc. (RGCO) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Rgc Resources Inc. (RGCO) earnings time?
Rgc Resources Inc. (RGCO) earnings time is at Jul 30, 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 (Q3) is 0.02.