RGC Resources, Inc. (RGCO) 10-Year Financial Performance & Capital Metrics

RGCO • • Utilities

UtilitiesGas UtilitiesNatural Gas Distribution UtilitiesRegional Gas Distributors

AboutRGC 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.Show more

Revenue $85M -13.1%
EBITDA $28M -0.3%
Net Income $12M +4.1%
Free Cash Flow -$5M -208.7%
EBITDA Margin 32.61% +14.8%
Net Margin 13.89% +19.8%
ROE 11.26% -3.4%
Interest Coverage 2.63 -16.5%
Debt/Equity 1.37 -1.9%
Net Debt/EBITDA 5.35 +6.1%
CapEx / Revenue 26.1% +0.5%
CapEx Coverage 0.79 -16.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓10 years of consecutive dividend growth
✓10 consecutive years of dividend growth
✓Healthy dividend yield of 3.6%

✗Weaknesses

✗High leverage: 5.4x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.21%

5Y4.47%

3Y4.03%

TTM12.04%

Profit (Net Income) CAGR

10Y9.59%

5Y6.22%

3Y5.2%

TTM7.84%

EPS CAGR

10Y5.64%

5Y1.44%

3Y-1.67%

TTM5.68%

ROCE

10Y Avg6.28%

5Y Avg5.73%

3Y Avg6.01%

Latest6.07%

Peer Comparison

Regional Gas Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NWNNorthwest Natural Holding Company	1.95B	46.97	23.14	-3.71%	7.94%	7.01%		1.41
RGCORGC Resources, Inc.	229.47M	22.17	19.11	-13.13%	14.48%	11.72%		1.37

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Revenue+	68.19M	59.06M	62.3M	65.53M	68.03M	68.62M	75.17M	84.17M	97.44M	84.64M
Revenue Growth %	-0.09%	-0.13%	0.05%	0.05%	0.04%	0.01%	0.1%	0.12%	0.16%	-0.13%
Cost of Revenue	37.98M	27.5M	29.49M	45.11M	46.91M	40.47M	49.68M	58.01M	67.67M	54.35M
Gross Profit+	30.21M	31.56M	32.81M	20.43M	21.12M	28.15M	25.49M	26.15M	29.77M	30.29M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.03%	0.04%	0.04%	-0.38%	0.03%	0.33%	-0.09%	0.03%	0.14%	0.02%
Operating Expenses+	20.43M	20.61M	21.28M	53.94M	56.43M	55.51M	10.71M	11.23M	12.09M	13.21M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	15.23M	16.92M	18.04M	18.68M	14.97M	21.24M	23.45M	24.1M	27.67M	27.6M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.05%	0.11%	0.07%	0.04%	-0.2%	0.42%	0.1%	0.03%	0.15%	-0%
Depreciation & Amortization+	5.22M	5.71M	6.38M	7.09M	7.6M	8.13M	8.67M	9.18M	9.99M	10.52M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	10.01M	11.21M	11.67M	11.59M	7.37M	13.12M	14.78M	14.92M	17.68M	17.08M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.03%	0.12%	0.04%	-0.01%	-0.36%	0.78%	0.13%	0.01%	0.19%	-0.03%
Interest Expense+	1.51M	1.64M	1.92M	2.46M	3.62M	4M	4.05M	4.5M	5.62M	6.5M
Interest Coverage	6.62x	6.85x	6.08x	4.71x	2.04x	3.28x	3.65x	3.32x	3.15x	2.63x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-246.32K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	8.26M	9.47M	10.04M	10.19M	11.35M	13.78M	13.31M	-43.14M	14.79M	15.46M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.17M	3.67M	3.81M	2.9M	2.65M	3.41M	3.2M	-11.41M	3.49M	3.7M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.09M	5.81M	6.23M	7.3M	8.7M	10.37M	10.1M	-31.73M	11.3M	11.76M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.08%	0.14%	0.07%	0.17%	0.19%	0.19%	-0.03%	-4.14%	1.36%	0.04%
EPS (Diluted)+	0.72	0.81	0.86	0.95	1.08	1.30	1.22	-3.48	1.14	1.16
EPS Growth %	0.07%	0.13%	0.06%	0.1%	0.14%	0.2%	-0.06%	-3.85%	1.33%	0.02%
EPS (Basic)	0.72	0.81	0.86	0.95	1.08	1.30	1.22	-3.48	1.14	1.16
Diluted Shares Outstanding	7.1M	7.16M	7.26M	7.7M	8.08M	8.15M	8.26M	9.12M	9.93M	10.16M

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Assets+	148.14M	165.55M	183.14M	219.56M	258.35M	281.68M	310.11M	290.31M	303.73M	320.7M
Asset Growth %	0.06%	0.12%	0.11%	0.2%	0.18%	0.09%	0.1%	-0.06%	0.05%	0.06%
PP&E (Net)+	118.63M	132.13M	147.93M	165.96M	182M	198.45M	211.65M	229.86M	247.58M	262.04M
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	18.44M	15.48M	15.69M	15.54M	16.39M	14.44M	25.14M	35.55M	26.8M	25.07M
Cash & Equivalents	985.23K	643.25K	69.64K	247.41K	1.63M	291.07K	1.52M	4.9M	1.51M	894.18K
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	9.13M	8.26M	8.72M	8.54M	7.47M	6.74M	8.9M	18.15M	12.86M	10.29M
Other Current Assets	3.48M	1.55M	1.6M	2.17M	2.26M	3.36M	6.67M	4.06M	5M	7.04M
Long-Term Investments	0	3.5M	7.45M	28.51M	47.38M	57.54M	64.87M	17.35M	20.27M	21.06M
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	5.73M	17.94M	19.52M	38.05M	12.59M	11.26M	8.45M	6.49M	7.92M	11.76M
Total Liabilities	95.3M	109.89M	123.09M	139.98M	175.26M	192.79M	210.41M	197.22M	203M	212.56M
Total Debt+	30.32M	33.64M	61.31M	70.32M	103.37M	123.82M	140.47M	137M	141.17M	148.64M
Net Debt	29.33M	32.99M	61.24M	70.07M	101.74M	123.53M	131.95M	130.8M	139.66M	147.74M
Long-Term Debt	30.32M	33.64M	61.31M	70.32M	103.37M	123.82M	133.47M	135.7M	125.84M	136.67M
Short-Term Borrowings	1000K	1000K	0	0	147.56K	533.79K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	334.17K
Total Current Liabilities+	23.2M	28.5M	14.37M	24.09M	21.63M	16.57M	26.01M	22.32M	32.92M	28.7M
Accounts Payable	5.14M	5.35M	5.12M	5.21M	4.48M	4.44M	7.73M	8.6M	5.84M	5.43M
Accrued Expenses	2.61M	2.96M	2.79M	3.08M	3.45M	3.57M	3.82M	3.67M	4.66M	4.99M
Deferred Revenue	3.14M	3.23M	2.69M	3.74M	2.31M	3.2M	3.11M	2.86M	0	3.4M
Other Current Liabilities	6.11M	5.64M	6.45M	15.8M	13.55M	4.83M	662.35K	5.89M	7.09M	860.01K
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	41.78M	28.79M	47.42M	45.56M	37.27M	38.43M	35.97M	36.04M	42.23M	44.99M
Total Equity+	52.84M	55.67M	60.04M	79.58M	83.1M	88.89M	99.7M	93.09M	100.73M	108.14M
Equity Growth %	0.02%	0.05%	0.08%	0.33%	0.04%	0.07%	0.12%	-0.07%	0.08%	0.07%
Shareholders Equity	52.84M	55.67M	60.04M	79.58M	83.1M	88.89M	99.7M	93.09M	100.73M	108.14M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	23.71M	23.94M	36.2M	39.97M	40.37M	40.8M	41.88M	49.1M	50.08M	51.25M
Additional Paid-in Capital	8.65M	9.51M	292.49K	13.04M	14.4M	15.85M	19.71M	41.48M	44.43M	47.99M
Retained Earnings	22.77M	24.71M	24.75M	27.44M	30.82M	35.69M	39.66M	544.16K	3.97M	7.57M
Accumulated OCI	-2.29M	-2.5M	-1.2M	-871.67K	-2.49M	-3.45M	-1.54M	1.96M	2.25M	1.33M
Return on Assets (ROA)	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	-0.11%	0.04%	0.04%
Return on Equity (ROE)	0.1%	0.11%	0.11%	0.1%	0.11%	0.12%	0.11%	-0.33%	0.12%	0.11%
Debt / Equity	0.57x	0.60x	1.02x	0.88x	1.24x	1.39x	1.41x	1.47x	1.40x	1.37x
Debt / Assets	0.2%	0.2%	0.33%	0.32%	0.4%	0.44%	0.45%	0.47%	0.46%	0.46%
Net Debt / EBITDA	1.93x	1.95x	3.39x	3.75x	6.80x	5.81x	5.63x	5.43x	5.05x	5.35x
Book Value per Share	7.45	7.77	8.27	10.34	10.29	10.91	12.06	10.2	10.15	10.65

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	16.76M	14.92M	12.98M	13.5M	14.7M	12.82M	11.57M	15.55M	23.8M	17.43M
Operating CF Growth %	1.45%	-0.11%	-0.13%	0.04%	0.09%	-0.13%	-0.1%	0.34%	0.53%	-0.27%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	5.09M	5.81M	6.23M	7.3M	8.7M	10.56M	10.1M	-31.73M	11.3M	11.76M
Depreciation & Amortization	5.22M	5.71M	6.38M	7.09M	7.6M	8.13M	8.67M	9.18M	9.99M	10.52M
Deferred Taxes	2.42M	4.47M	3.33M	755.99K	684.03K	1.12M	106.19K	-14.26M	38.24K	-122K
Other Non-Cash Items	-300.92K	-404.77K	-572.65K	-124.74K	44.62K	-3.85M	-2.51M	54.63M	-3.34M	-4.69M
Working Capital Changes	4.25M	-721.58K	-2.46M	-576.3K	690.14K	-3.22M	-4.81M	-2.29M	5.78M	-741.71K
Capital Expenditures+	-13.78M	-17.95M	-20.75M	-23.29M	-42.83M	-22.92M	-19.97M	-25.46M	-25.31M	-22.09M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-13.75M	-21M	-23.49M	-34.17M	-42.83M	-30.72M	-25.85M	-30.62M	-27.4M	-22.03M
Acquisitions	0	-3.06M	-2.76M	-11.04M	-20.97M	-7.86M	-6.03M	-5.26M	-2.13M	-18.26K
Purchase of Investments	0	-3.06M	-2.76M	-11.04M	-20.97M	-7.86M	-6.03M	-5.26M	0	0
Sale of Investments	0	0	0	0	1000K	1000K	1000K	1000K	0	0
Other Investing	30.08K	4.96K	16.97K	160.66K	20.22K	60.19K	147.09K	105.98K	37.94K	79.03K
Cash from Financing+	-2.88M	5.73M	9.94M	20.84M	29.52M	16.56M	15.51M	18.44M	218.94K	3.98M
Dividends Paid	-3.6M	-3.81M	-4.12M	-4.65M	-5.22M	-5.61M	-6.01M	-7.01M	-7.81M	-8.09M
Dividend Payout Ratio %	0.71%	0.66%	0.66%	0.64%	0.6%	0.54%	0.6%	-	0.69%	0.69%
Debt Issuance (Net)	295.95K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K
Stock Issued	432.4K	1.03M	967.7K	16.52M	1.75M	1.8M	4.92M	28.98M	3.9M	4.68M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	0	-101.62K	-64.84K	16.49M	1.65M	1.73M	-21.55K	-58.2K	-33.72K	-101.21K
Net Change in Cash+	135.48K	-341.98K	-573.61K	177.77K	1.38M	-1.34M	1.23M	3.38M	-3.39M	-618.25K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	849.76K	985.23K	643.25K	69.64K	247.41K	1.63M	291.07K	1.52M	4.9M	1.51M
Cash at End	985.23K	643.25K	69.64K	247.41K	1.63M	291.07K	1.52M	4.9M	1.51M	894.18K
Free Cash Flow+	2.98M	-3.02M	-7.77M	-9.79M	-28.13M	-10.09M	-8.4M	-9.91M	-1.51M	-4.66M
FCF Growth %	1.38%	-2.01%	-1.57%	-0.26%	-1.87%	0.64%	0.17%	-0.18%	0.85%	-2.09%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.72%	10.7%	10.77%	10.45%	10.69%	12.06%	10.71%	-32.92%	11.66%	11.26%
EBITDA Margin	22.33%	28.65%	28.97%	28.51%	22%	30.96%	31.19%	28.63%	28.4%	32.61%
Net Debt / EBITDA	1.93x	1.95x	3.39x	3.75x	6.80x	5.81x	5.63x	5.43x	5.05x	5.35x
Interest Coverage	6.62x	6.85x	6.08x	4.71x	2.04x	3.28x	3.65x	3.32x	3.15x	2.63x
CapEx / Revenue	20.21%	30.38%	33.31%	35.54%	62.96%	33.39%	26.56%	30.25%	25.97%	26.1%
Dividend Payout Ratio	70.73%	65.59%	66.03%	63.68%	59.99%	54.1%	59.52%	-	69.1%	68.78%
Debt / Equity	0.57x	0.60x	1.02x	0.88x	1.24x	1.39x	1.41x	1.47x	1.40x	1.37x
EPS Growth	7.46%	12.5%	6.17%	10.47%	13.68%	20.37%	-6.15%	-385.25%	132.76%	1.75%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Oil and Gas	-	-	-	-	54.34M	46.47M
Oil and Gas Growth	-	-	-	-	-	-14.48%
Product and Service, Other	-	-	-	-	1.24M	987.32K
Product and Service, Other Growth	-	-	-	-	-	-20.20%
Non-utility	-	-	129.68K	129.58K	114.46K	108.13K
Non-utility Growth	-	-	-	-0.08%	-11.67%	-5.53%
Gas Utility	67.31M	62.41M	-	-	-	-
Gas Utility Growth	-	-7.28%	-	-	-	-
Investment In Affiliates	-	-	-	-	-	-
Investment In Affiliates Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

RGC Resources, Inc. (RGCO) has a price-to-earnings (P/E) ratio of 19.1x. This is roughly in line with market averages.

Growth & Financials

RGC Resources, Inc. (RGCO) reported $94.1M in revenue for fiscal year 2024. This represents a 33% increase from $70.8M in 2011.

RGC Resources, Inc. (RGCO) saw revenue decline by 13.1% over the past year.

Yes, RGC Resources, Inc. (RGCO) is profitable, generating $13.6M in net income for fiscal year 2024 (13.9% net margin).

Dividend & Returns

Yes, RGC Resources, Inc. (RGCO) pays a dividend with a yield of 3.59%. This makes it attractive for income-focused investors.

RGC Resources, Inc. (RGCO) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

RGC Resources, Inc. (RGCO) generated $7.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

RGC Resources, Inc. (RGCO) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.

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