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Rgc Resources Inc   (RGCO)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $19.9800 $0.58 2.990%
Day's High: $19.98 Week Perf: 3.68 %
Day's Low: $ 19.40 30 Day Perf: -0.65 %
Volume (M): 15 52 Wk High: $ 22.53
Volume (M$): $ 298 52 Wk Avg: $18.99
Open: $19.40 52 Wk Low: $15.36



 Market Capitalization (Millions $) 201
 Shares Outstanding (Millions) 10
 Employees 106
 Revenues (TTM) (Millions $) 89
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 23

Rgc Resources Inc
RGC Resources, Inc. was incorporated in the state of Virginia on July 31, 1998, for the primary purpose of becoming the holding company for Roanoke Gas Company (“Roanoke Gas”) and its subsidiaries. Effective July 1, 1999, Roanoke Gas and its subsidiaries were reorganized into the holding company structure. Resources is currently composed of the following subsidiaries: Roanoke Gas, Diversified Energy Company and RGC Midstream, LLC.

Roanoke Gas 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 2% of consolidated revenues.

In July 2015, the Company formed RGC Midstream, LLC, a limited liability company established for the purpose of becoming a 1% investor in Mountain Valley Pipeline, LLC. Mountain Valley Pipeline, LLC was created for the purpose of constructing a natural gas pipeline in West Virginia and Virginia.

In March 2016, Resources dissolved its subsidiary, RGC Ventures of Virginia, Inc. ("Ventures"). Ventures contained the operations of Application Resources, Inc., which provided information technology consulting services, and The Utility Consultants, which provided utility and regulatory consulting services to other utilities. Both of these operations were insignificant when compared to the overall activities of Resources and represented less than 0.2% of total revenues and less than 6% of other non-utility revenues.

Roanoke Gas maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial and industrial users in its service territory.



   Company Address: 519 Kimball Ave., N.E. Roanoke 24016 VA
   Company Phone Number: 777-4427   Stock Exchange / Ticker: NASDAQ RGCO
    Next quarterly dividend pay out on May 01, 2024.


   

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Rgc Resources Inc

Troubling Trends Behind RGC Resources Inc's Impressive Earnings per Share Increase2. Revenue Decline Raises Concerns for RGC Resources Inc's Financial Outlook

The recent financial results of RGC Resources Inc. may seem impressive at first glance, with a significant increase in income growth and improved profit margins. However, a closer look reveals some concerning trends that could point to potential trouble ahead for the company.
One of the most alarming aspects of the latest financial report is the sharp decline in revenue. While income may have grown by over 50%, revenue actually dropped by over 26% compared to the same period last year. This indicates that the company may be relying on cost-cutting measures or other unsustainable methods to boost profitability, rather than generating true growth through increased sales.

Dividend

RGC Resources Inc Celebrates 80 Years of Unbroken Dividend Payments, Reinforcing Its Commitment to Shareholders

Published Tue, Feb 6 2024 8:30 PM UTC

RGC Resources Inc. Celebrates 80 Years of Unbroken Dividend Payments, Reinforcing Its Commitment to Shareholders
ROANOKE, Va., Feb. 06, 2024 - RGC Resources Inc. (NASDAQ: RGCO), a leading energy company, announced during its recent Board of Directors meeting that it has declared a quarterly dividend of $0.20 per share on the Company's common stock. This dividend, marking...

Rgc Resources Inc

RGC Resources, Inc. Continues to Confront Adversities, Demonstrating Strong Fiscal Performance and Commitment to Shareholder Value


In a recent press release, RGC Resources, Inc., a leading energy company operating in Roanoke, Virginia, declared its 319th consecutive quarterly cash dividend, reinforcing its position as a dependable and stable investment option. The Board of Directors announced a dividend increase of 1.3%, raising the quarterly payout to $0.20 per share and an annual dividend of $0.80 per share. This marks the 20th consecutive year of dividend increases, reflecting the company's commitment to delivering long-term shareholder value. Paul Nester, CEO of RGC Resources, Inc., expressed confidence in the company's solid operational and financial performance, eagerly anticipating the completion of the MVP (Mountain Valley Pipeline) project in 2024.
Steadfast Dividend Growth
RGC Resources, Inc. has established an impressive track record of consecutive dividend increases, which has earned the company a reputation for being a beacon of stability in the energy sector. This latest dividend increase further demonstrates the management's dedication to providing consistent returns to its shareholders. With a $0.01 increase per share for the fiscal year, investors can expect to earn an annual dividend of $0.80 per share, enhancing the company's appeal to income-focused investors.

Dividend

RGC Resources, Inc.: A Beacon of Stability - 319th Consecutive Quarterly Cash Dividend Declared, Reflecting Strong Financial Performance

Published Tue, Nov 28 2023 8:45 PM UTC


Introduction
In a recent press release, RGC Resources, Inc., a leading energy company operating in Roanoke, Virginia, declared its 319th consecutive quarterly cash dividend, reinforcing its position as a dependable and stable investment option. The Board of Directors announced a dividend increase of 1.3%, raising the quarterly payout to $0.20 per share and an annual...

Dividend

RGC Resources, Inc.: A Beacon of Stability - 318th Consecutive Quarterly Dividend Announcement Signals Strong Financial Health

Published Wed, Sep 27 2023 4:00 PM UTC



ROANOKE, Va., Sept. 27, 2023 - RGC Resources, Inc. (NASDAQ: RGCO), a leading natural gas distribution company, has recently declared its 318th consecutive quarterly cash dividend of $0.1975 per share on the company's common stock. This resounding announcement underscores the company's steadfast commitment to providing consistent returns to its valued shareholders. ...






 

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