RGC Resources (NASDAQ:RGCO) Releases Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• RGC Resources beat expectations, reporting Q earnings of $0.84 EPS (vs. $0.78 expected) and revenue of $45.46 million (vs. $38.20 million), with a net margin of 13.11% and return on equity of 11.11%.
• The company recently paid a quarterly dividend of $0.2175 (annualized $0.87), representing a 3.8% yield and a dividend payout ratio of 70.16%.
• Despite the beat, RGCO shares slipped to $22.68; the stock has a market cap of $235.65 million, a P/E of 18.29, a 52‑week range of $19.68–$24.50, and an average analyst rating of Buy amid recent mixed analyst actions.

RGC Resources (NASDAQ:RGCO - Get Free Report) announced its quarterly earnings data on Wednesday. The energy company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06, FiscalAI reports. The firm had revenue of $45.46 million during the quarter, compared to analysts' expectations of $38.20 million. RGC Resources had a net margin of 13.11% and a return on equity of 11.11%.

RGC Resources Price Performance

RGCO stock traded down $0.56 during trading on Wednesday, hitting $22.68. 9,242 shares of the company's stock traded hands, compared to its average volume of 12,062. RGC Resources has a 52 week low of $19.68 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.58 and a current ratio of 0.80. The business has a fifty day simple moving average of $22.11 and a 200 day simple moving average of $21.83. The stock has a market capitalization of $235.65 million, a price-to-earnings ratio of 18.29 and a beta of 0.52.

RGC Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were given a dividend of $0.2175 per share. The ex-dividend date was Friday, April 17th. This represents a $0.87 annualized dividend and a yield of 3.8%. RGC Resources's dividend payout ratio (DPR) is 70.16%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings cut shares of RGC Resources from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Wall Street Zen raised shares of RGC Resources from a "sell" rating to a "hold" rating in a research note on Sunday, February 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Hedge Funds Weigh In On RGC Resources

Several institutional investors have recently bought and sold shares of RGCO. Russell Investments Group Ltd. lifted its position in RGC Resources by 23.2% during the third quarter. Russell Investments Group Ltd. now owns 233,352 shares of the energy company's stock valued at $5,236,000 after purchasing an additional 43,900 shares during the last quarter. Focus Partners Wealth bought a new position in RGC Resources during the third quarter valued at $282,000. Millennium Management LLC bought a new position in RGC Resources during the fourth quarter valued at $212,000. Squarepoint Ops LLC lifted its position in RGC Resources by 104.0% during the third quarter. Squarepoint Ops LLC now owns 19,396 shares of the energy company's stock valued at $435,000 after purchasing an additional 9,887 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in RGC Resources during the fourth quarter valued at $119,000. Institutional investors own 35.77% of the company's stock.

RGC Resources Company Profile

RGC Resources, Inc NASDAQ: RGCO is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.

The company operates two primary business segments: distribution and transmission.

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