What is RGC Resources' operating income?

RGC Resources' total operating income in 2025 was $37.00 million, based on the following breakdown: Total Gross Profit: -$88.06 million Total Operating Expenses: $22.94 million

RGC Resources (RGCO) Financials

$24.06 0.00 (0.00%)

Closing price 07/2/2026 04:00 PM Eastern

Extended Trading

$23.50 -0.56 (-2.33%)

As of 07/2/2026 06:50 PM Eastern

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Annual Income Statements for RGC Resources

This table shows RGC Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	5.09	5.81	6.23	7.30	8.70	11	10	-32	11	-105	-120
Consolidated Net Income / (Loss)	5.09	5.81	6.23	7.30	8.70	11	10	-32	11	-105	-120
Net Income / (Loss) Continuing Operations	5.09	5.81	6.23	7.30	8.70	11	10	-32	11	-105	-120
Total Pre-Tax Income	8.26	9.47	10	10	11	14	13	-43	15	30	34
Total Operating Income	10	11	12	11	12	13	15	15	18	34	37
Total Gross Profit	30	32	33	33	21	39	25	26	46	-75	-88
Total Revenue	68	59	62	66	68	63	75	84	97	0.00	0.00
Total Cost of Revenue	38	27	29	33	47	24	50	58	52	75	88
Operating Cost of Revenue	38	27	29	33	47	24	50	58	52	72	85
Other Cost of Revenue	-	-	-	-	-	-	-	-	-	2.69	2.93
Total Operating Expenses	20	20	21	21	9.52	26	11	11	28	21	23
Depreciation Expense	5.11	5.59	6.26	6.96	7.45	7.89	8.42	8.95	9.76	21	23
Total Other Income / (Expense), net	-1.74	-1.74	-2.15	-1.28	-0.25	1.35	-1.47	-58	-2.89	-5.32	-4.78
Interest Expense	1.51	1.64	1.92	2.46	3.62	4.10	4.05	4.50	5.62	10	10
Interest & Investment Income	0.00	0.15	0.42	0.94	3.02	4.81	1.67	-55	2.08	3.85	3.23
Other Income / (Expense), net	-0.23	-0.26	-0.66	0.24	0.35	0.64	0.91	1.46	0.65	1.03	2.23
Income Tax Expense	3.17	3.67	3.81	2.90	2.65	3.31	3.20	-11	3.49	3.70	4.09
Basic Earnings per Share	$0.72	$0.81	$0.86	$0.95	$1.08	$1.30	$1.22	($3.48)	$1.14	$1.16	$1.29
Weighted Average Basic Shares Outstanding	7.09M	7.15M	7.22M	7.65M	8.04M	8.13M	8.25M	9.12M	9.92M	10.15M	10.30M
Diluted Earnings per Share	$0.72	$0.81	$0.86	$0.95	$1.08	$1.30	$1.22	($3.48)	$1.14	$1.16	$1.29
Weighted Average Diluted Shares Outstanding	7.10M	7.16M	7.26M	7.70M	8.08M	8.15M	8.26M	9.12M	9.93M	10.16M	10.31M
Weighted Average Basic & Diluted Shares Outstanding	4.70M	7.20M	7.20M	8.00M	8.08M	8.17M	8.39M	9.83M	10.03M	10.26M	10.35M
Cash Dividends to Common per Share	$0.51	$0.54	$0.58	$0.62	$0.66	$0.70	$0.74	$0.78	$0.79	$0.80	$0.83

This table shows RGC Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	5.02	-0.85	-33	6.44	0.16	-117	-44	0.54	-39	-60
Consolidated Net Income / (Loss)	5.02	-0.85	-33	6.44	0.16	-117	-44	0.54	-39	-60
Net Income / (Loss) Continuing Operations	5.02	-0.85	-33	6.44	0.16	-117	-44	0.54	-39	-60
Total Pre-Tax Income	6.60	-1.10	14	8.38	0.20	14	20	0.70	12	22
Total Operating Income	6.65	0.60	15	8.63	1.56	17	21	1.20	13	23
Total Gross Profit	9.98	19	-24	12	9.11	-111	-35	9.44	-30	-50
Total Revenue	24	27	0.00	33	14	-74	0.00	17	0.00	0.00
Total Cost of Revenue	14	7.85	24	21	5.35	37	35	7.82	30	50
Operating Cost of Revenue	14	7.85	23	21	5.35	34	34	7.82	29	49
Other Cost of Revenue	-	-	0.72	-	-	-	0.81	-	0.83	0.87
Total Operating Expenses	3.33	18	5.69	3.40	7.55	1.83	5.71	8.25	6.14	6.14
Depreciation Expense	2.70	1.95	5.69	2.70	2.70	13	5.71	2.91	6.14	6.14
Total Other Income / (Expense), net	-0.05	-1.69	-1.48	-0.25	-1.35	-3.27	-1.31	-0.50	-1.38	-0.98
Interest Expense	1.64	0.99	2.81	1.57	1.57	5.29	2.57	1.51	2.72	2.57
Interest & Investment Income	1.47	-1.13	0.85	1.23	0.28	1.49	0.80	0.77	0.83	0.90
Other Income / (Expense), net	0.12	0.43	0.47	0.09	-0.07	0.54	0.46	0.24	0.50	0.69
Income Tax Expense	1.58	-0.25	1.61	1.94	0.05	0.11	2.36	0.16	1.33	2.55
Basic Earnings per Share	$0.50	($0.06)	$0.51	$0.63	$0.02	-	$0.74	$0.05	$0.48	$0.85
Weighted Average Basic Shares Outstanding	10.16M	9.92M	10.30M	-	-	10.15M	10.31M	10.33M	10.39M	10.41M
Diluted Earnings per Share	$0.50	($0.06)	$0.51	$0.63	$0.02	-	$0.74	$0.05	$0.47	$0.84
Weighted Average Diluted Shares Outstanding	10.16M	9.93M	10.30M	-	-	10.16M	10.31M	10.33M	10.39M	10.41M
Weighted Average Basic & Diluted Shares Outstanding	10.16M	10.03M	10.30M	-	-	10.26M	10.31M	10.33M	10.39M	10.41M
Cash Dividends to Common per Share	$0.20	-	$0.21	$0.20	$0.20	-	$0.21	$0.21	$0.22	$0.22

This table details how cash moves in and out of RGC Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	0.14	-0.34	-0.57	0.18	1.38	-1.34	1.23	3.38	-3.39	-0.62	1.43
Net Cash From Operating Activities	17	15	13	14	15	13	12	16	24	17	29
Net Cash From Continuing Operating Activities	17	15	13	14	15	13	12	16	24	17	29
Net Income / (Loss) Continuing Operations	5.09	5.81	6.23	7.30	8.70	11	10	-32	11	12	13
Consolidated Net Income / (Loss)	5.09	5.81	6.23	7.30	8.70	11	10	-32	11	12	13
Depreciation Expense	5.22	5.71	6.38	7.09	7.60	8.13	8.67	9.18	9.99	11	11
Non-Cash Adjustments To Reconcile Net Income	-0.45	-0.54	-3.02	-1.70	-5.84	-3.72	-3.63	58	-2.82	-7.02	2.82
Changes in Operating Assets and Liabilities, net	6.90	3.94	3.39	0.82	4.24	-2.15	-3.58	-20	5.32	2.18	1.38
Net Cash From Investing Activities	-14	-21	-23	-34	-43	-31	-26	-31	-27	-22	-21
Net Cash From Continuing Investing Activities	-14	-21	-23	-34	-43	-31	-26	-31	-27	-22	-21
Purchase of Property, Plant & Equipment	-14	-18	-21	-23	-22	-23	-20	-25	-25	-22	-21
Sale of Property, Plant & Equipment	0.03	0.00	0.02	0.16	0.02	0.06	0.15	0.11	0.04	0.08	0.07
Other Investing Activities, net	0.00	-3.06	-2.76	-11	-21	-7.86	-6.03	-5.26	-2.13	-0.02	-0.08
Net Cash From Financing Activities	-2.88	5.73	9.94	21	30	17	16	18	0.22	3.98	-6.79
Net Cash From Continuing Financing Activities	-2.88	5.73	9.94	21	30	17	16	18	0.22	3.98	-6.79
Repayment of Debt	-34	-33	-39	-40	-57	-23	-39	-80	-30	-49	-66
Payment of Dividends	-3.60	-3.81	-4.12	-4.65	-5.22	-5.61	-6.01	-7.01	-7.81	-8.09	-8.47
Issuance of Debt	35	42	52	49	90	44	55	76	34	56	66
Issuance of Common Equity	0.43	1.03	0.97	17	1.75	1.80	4.92	29	3.90	4.68	1.77
Cash Interest Paid	1.00	1.48	1.73	2.14	3.33	3.85	3.89	4.27	5.30	6.27	6.35
Cash Income Taxes Paid	1.27	-0.91	0.73	1.18	2.29	1.67	3.06	2.29	1.78	2.94	4.20

This table details how cash moves in and out of RGC Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	1.35	-3.67	1.20	-0.70	0.52	-1.65	-0.03	0.19	0.34	0.74
Net Cash From Operating Activities	-0.56	0.16	0.83	10	5.85	0.38	6.44	0.68	1.08	15
Net Cash From Continuing Operating Activities	-0.56	0.16	0.83	10	5.85	0.38	6.44	0.68	1.08	15
Net Income / (Loss) Continuing Operations	5.02	1.01	5.27	6.19	0.16	0.14	0.54	-0.20	4.88	8.74
Consolidated Net Income / (Loss)	5.02	1.01	5.27	6.19	0.16	0.14	0.54	-0.20	4.88	8.74
Depreciation Expense	2.76	2.56	2.84	2.68	2.76	2.23	2.91	2.86	3.07	3.07
Non-Cash Adjustments To Reconcile Net Income	-1.56	-1.50	-0.05	-2.47	-0.35	-4.15	0.09	2.41	-0.16	0.04
Changes in Operating Assets and Liabilities, net	-6.78	-1.91	-7.24	3.97	3.29	2.16	2.90	-4.39	-6.71	3.53
Net Cash From Investing Activities	-5.30	-5.94	-5.75	-5.53	-5.26	-5.49	-5.05	-4.98	-6.19	-4.33
Net Cash From Continuing Investing Activities	-5.30	-5.94	-5.75	-5.53	-5.26	-5.49	-5.05	-4.98	-6.19	-4.33
Purchase of Property, Plant & Equipment	-5.30	-5.94	-5.75	-5.53	-5.29	-5.53	-5.05	-4.99	-5.64	-4.17
Sale of Property, Plant & Equipment	0.00	0.00	0.01	-0.01	0.03	0.05	0.01	0.04	0.00	0.03
Other Investing Activities, net	-	-0.00	-0.02	0.01	-0.01	-0.01	-0.02	-0.03	-0.54	-0.19
Net Cash From Financing Activities	7.22	2.11	6.13	-5.54	-0.07	3.47	-1.42	4.50	5.44	-10
Net Cash From Continuing Financing Activities	7.22	2.11	6.13	-5.54	-0.07	3.47	-1.42	4.50	5.44	-10
Repayment of Debt	-8.02	-2.42	-7.00	-18	-17	-7.22	-10	-22	-9.49	-31
Payment of Dividends	-1.98	-1.98	-2.05	-1.96	-2.04	-2.04	-2.14	-2.14	-2.15	-2.26
Issuance of Debt	16	6.23	15	11	19	12	11	28	17	22
Issuance of Common Equity	0.82	0.28	0.27	2.91	0.28	1.22	0.30	0.29	0.38	1.04
Cash Interest Paid	1.88	0.97	2.02	1.08	1.50	1.67	1.85	1.20	1.90	1.19

This table presents RGC Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	146	166	183	220	258	282	310	290	304	321	330
Total Current Assets	16	15	16	16	16	14	25	36	27	25	23
Cash & Equivalents	0.99	0.64	0.07	0.25	1.63	0.29	1.52	4.90	1.51	0.89	2.32
Accounts Receivable	3.20	3.48	3.49	3.74	3.87	3.40	4.95	5.35	4.19	4.48	4.84
Inventories, net	9.13	8.26	8.72	8.54	7.47	6.74	8.90	18	13	10	10
Current Deferred & Refundable Income Taxes	1.66	1.55	1.80	0.84	1.16	0.65	3.10	3.09	3.23	2.36	1.62
Other Current Assets	1.18	1.55	1.60	2.17	2.26	3.36	6.67	4.06	5.00	7.04	4.43
Plant, Property, & Equipment, net	119	132	148	166	182	198	212	230	248	262	275
Plant, Property & Equipment, gross	172	188	208	229	249	270	288	310	333	355	375
Accumulated Depreciation	53	56	60	63	67	71	76	80	86	92	100
Total Noncurrent Assets	11	18	20	38	60	69	73	25	30	34	32
Long-Term Investments	0.00	3.50	7.45	29	47	58	65	14	17	21	21
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00	1.06	1.16	0.77	0.62
Employee Benefit Assets	-	-	-	-	-	-	1.26	0.75	1.90	5.42	5.94
Other Noncurrent Operating Assets	11	14	12	9.54	13	11	7.19	9.32	9.10	6.34	4.33
Other Noncurrent Nonoperating Assets	0.18	0.26	0.29	0.28	0.31	0.30	-	0.28	0.26	0.28	0.41
Total Liabilities & Shareholders' Equity	146	166	183	220	258	282	310	290	304	321	330
Total Liabilities	93	110	123	140	175	193	210	197	203	213	217
Total Current Liabilities	23	28	14	24	22	17	26	22	33	29	23
Short-Term Debt	9.34	15	-	-	-	-	7.00	1.30	15	12	2.85
Accounts Payable	5.14	5.35	5.12	5.21	4.48	4.44	7.73	8.60	5.84	5.43	7.09
Accrued Expenses	2.77	3.19	3.01	3.08	3.45	3.57	3.82	3.67	4.66	4.99	5.31
Customer Deposits	1.58	1.63	1.47	1.42	1.43	1.61	1.57	1.46	1.48	1.49	1.54
Dividends Payable	0.91	0.97	1.05	1.24	1.34	1.43	1.55	1.92	1.98	2.05	2.15
Current Deferred Revenue	1.56	1.61	1.22	1.00	0.88	-	1.54	1.40	1.97	1.92	1.89
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Other Current Liabilities	1.90	1.20	2.49	12	10	5.52	2.80	3.97	1.66	0.86	1.72
Total Noncurrent Liabilities	70	81	109	116	154	177	184	175	170	184	194
Long-Term Debt	30	34	61	70	103	124	133	136	126	137	146
Asset Retirement Reserve & Litigation Obligation	5.30	5.68	6.07	18	18	18	21	23	29	30	29
Noncurrent Deferred & Payable Income Tax Liabilities	15	19	23	13	13	14	15	3.17	2.01	1.89	2.28
Noncurrent Employee Benefit Liabilities	20	23	18	15	19	19	15	13	13	15	16
Other Noncurrent Operating Liabilities	-	-	-	0.00	0.75	1.69	0.86	0.00	0.32	0.31	0.62
Total Equity & Noncontrolling Interests	53	56	60	80	83	89	100	93	101	108	114
Total Preferred & Common Equity	53	56	60	80	83	89	100	93	101	108	114
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	53	56	60	80	83	89	100	93	101	108	114
Common Stock	32	33	36	53	55	57	62	91	95	99	101
Retained Earnings	23	25	25	27	31	36	40	0.54	3.97	7.57	12
Accumulated Other Comprehensive Income / (Loss)	-2.29	-2.50	-1.20	-0.87	-2.49	-3.45	-1.54	1.96	2.25	1.33	0.26

This table presents RGC Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Total Assets	315	313	314	335	326	325	341	337
Total Current Assets	35	29	25	36	26	22	32	26
Cash & Equivalents	2.86	2.02	2.54	2.10	2.15	2.13	2.66	3.39
Accounts Receivable	13	9.45	5.23	16	14	6.17	16	13
Inventories, net	12	6.73	8.90	9.72	3.86	8.01	9.05	3.68
Current Deferred & Refundable Income Taxes	1.08	1.75	2.33	0.73	0.52	1.18	0.00	0.00
Other Current Assets	6.07	8.58	6.41	7.52	5.64	4.11	4.18	5.53
Plant, Property, & Equipment, net	250	254	258	266	268	271	277	279
Plant, Property & Equipment, gross	338	344	349	360	364	369	379	383
Accumulated Depreciation	88	90	91	94	97	98	102	104
Total Noncurrent Assets	30	31	31	34	33	33	32	33
Long-Term Investments	19	20	20	21	21	21	21	22
Noncurrent Deferred & Refundable Income Taxes	1.12	0.98	1.00	0.84	0.84	0.84	0.31	0.25
Employee Benefit Assets	1.74	1.72	1.69	5.40	5.38	5.36	5.98	6.02
Other Noncurrent Operating Assets	8.08	8.11	7.94	6.33	5.90	5.55	4.20	4.32
Other Noncurrent Nonoperating Assets	0.24	0.26	0.30	0.26	0.24	0.21	0.38	0.35
Total Liabilities & Shareholders' Equity	315	313	314	335	326	325	341	337
Total Liabilities	211	203	205	223	209	209	225	213
Total Current Liabilities	64	22	24	64	45	21	40	37
Short-Term Debt	47	6.71	8.02	45	27	2.53	18	18
Accounts Payable	6.06	5.36	6.79	8.55	5.99	6.66	9.35	6.00
Accrued Expenses	2.96	3.21	3.52	3.09	3.39	3.81	3.25	3.72
Customer Deposits	1.65	1.70	1.59	1.56	1.59	1.49	1.84	1.95
Dividends Payable	2.03	2.04	2.04	2.14	2.14	2.14	2.26	2.26
Current Deferred Revenue	1.88	0.95	1.08	1.98	0.80	1.01	1.75	0.77
Current Deferred & Payable Income Tax Liabilities	0.17	0.09	-	0.07	0.25	0.08	0.07	1.79
Other Current Liabilities	2.34	1.65	0.75	1.70	4.74	2.96	3.73	3.01
Total Noncurrent Liabilities	147	181	182	159	163	188	185	176
Long-Term Debt	102	136	136	111	115	140	138	129
Asset Retirement Reserve & Litigation Obligation	29	29	29	30	30	30	26	26
Noncurrent Deferred & Payable Income Tax Liabilities	1.96	2.21	1.91	2.09	1.91	1.72	3.17	3.18
Noncurrent Employee Benefit Liabilities	13	14	14	15	15	16	16	17
Other Noncurrent Operating Liabilities	0.32	0.32	0.40	0.30	0.30	0.33	0.53	0.31
Total Equity & Noncontrolling Interests	104	111	109	112	118	116	116	124
Total Preferred & Common Equity	104	111	109	112	118	116	116	124
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	104	111	109	112	118	116	116	124
Common Stock	95	98	98	100	100	101	101	102
Retained Earnings	6.96	11	9.48	11	16	15	15	21
Accumulated Other Comprehensive Income / (Loss)	1.24	1.45	1.26	1.55	1.18	0.91	0.13	0.27

This table displays calculated financial ratios and metrics derived from RGC Resources' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
DEI Shares Outstanding	4,731,432.00	4,778,687.00	7,232,482.00	7,986,856.00	8,065,088.00	8,149,985.00	8,355,356.00	9,806,045.00	10,001,197.00	-	10,325,514.00
DEI Adjusted Shares Outstanding	7,097,148.00	7,168,030.00	7,232,482.00	7,986,856.00	8,065,088.00	8,149,985.00	8,355,356.00	9,806,045.00	10,001,197.00	-	10,325,514.00
DEI Earnings Per Adjusted Shares Outstanding	0.72	0.81	0.86	0.91	1.08	1.30	1.21	-3.24	1.13	-	-11.61
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.10%	-13.38%	5.47%	5.20%	3.80%	-7.28%	19.18%	11.96%	15.77%	-13.13%	0.00%
EBITDA Growth	4.78%	11.13%	7.48%	4.99%	3.95%	8.86%	14.47%	4.91%	10.81%	1.10%	10.80%
EBIT Growth	3.19%	12.06%	5.27%	1.57%	1.98%	10.10%	19.28%	4.35%	11.92%	-1.17%	11.32%
NOPAT Growth	3.47%	11.43%	10.15%	8.48%	8.22%	7.29%	17.67%	-6.93%	29.34%	-3.76%	8.73%
Net Income Growth	8.20%	13.98%	7.34%	17.08%	19.20%	21.45%	-4.38%	-414.12%	135.61%	4.09%	-14.48%
EPS Growth	8.20%	13.98%	6.17%	10.47%	13.68%	20.37%	-6.15%	-385.25%	132.76%	1.75%	11.21%
Operating Cash Flow Growth	145.05%	-10.97%	-13.01%	4.03%	8.84%	-12.75%	-9.79%	34.44%	53.02%	-26.74%	66.05%
Free Cash Flow Firm Growth	151.73%	-127.08%	-376.31%	110.67%	-1,163.53%	-5.94%	1.90%	-252.50%	105.99%	-20.77%	54.18%
Invested Capital Growth	1.13%	8.94%	14.10%	6.53%	13.41%	12.61%	12.18%	21.67%	5.56%	5.19%	1.86%
Revenue Q/Q Growth	-0.80%	0.42%	0.31%	-0.31%	-0.18%	-0.11%	4.99%	0.91%	14.84%	0.00%	0.00%
EBITDA Q/Q Growth	2.91%	2.10%	0.82%	2.26%	-1.40%	-5.29%	7.09%	1.86%	1.13%	0.00%	0.00%
EBIT Q/Q Growth	2.39%	1.58%	0.22%	1.81%	-2.17%	-9.57%	10.65%	1.89%	0.02%	0.00%	0.00%
NOPAT Q/Q Growth	3.00%	1.40%	4.32%	-0.60%	-4.51%	-9.86%	11.81%	-0.67%	-52.28%	0.00%	0.00%
Net Income Q/Q Growth	3.66%	1.93%	0.23%	7.75%	-2.56%	-6.92%	3.37%	-56.19%	1,437.38%	0.00%	0.00%
EPS Q/Q Growth	3.66%	1.93%	0.00%	11.76%	-2.70%	-7.14%	2.52%	-44.40%	850.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	13.88%	23.23%	-14.24%	21.78%	-9.45%	17.25%	-19.74%	-8.24%	22.73%	0.00%	1.04%
Free Cash Flow Firm Q/Q Growth	519.44%	-66.78%	-11.55%	-35.68%	-2.74%	22.38%	-65.51%	-41.65%	122.20%	0.00%	0.00%
Invested Capital Q/Q Growth	6.82%	6.96%	7.03%	6.89%	5.85%	2.85%	5.17%	8.46%	-3.11%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.30%	53.44%	52.67%	50.01%	31.04%	61.49%	33.91%	31.07%	46.87%	35.79%	0.00%
EBITDA Margin	21.99%	28.22%	28.75%	28.70%	28.74%	33.74%	32.41%	30.36%	29.06%	33.82%	0.00%
Operating Margin	14.67%	18.98%	19.57%	17.50%	17.05%	19.85%	19.66%	17.72%	18.14%	20.18%	0.00%
EBIT Margin	14.34%	18.55%	18.51%	17.88%	17.56%	20.86%	20.87%	19.45%	18.81%	21.40%	0.00%
Profit (Net Income) Margin	7.47%	9.83%	10.01%	11.13%	12.79%	16.75%	13.44%	-37.70%	11.60%	13.90%	0.00%
Tax Burden Percent	61.64%	61.30%	62.09%	71.60%	76.64%	76.17%	75.92%	73.55%	76.39%	76.09%	-348.01%
Interest Burden Percent	84.53%	86.46%	87.03%	87.00%	94.99%	105.44%	84.80%	-263.49%	80.72%	85.35%	87.80%
Effective Tax Rate	38.36%	38.70%	37.91%	28.41%	23.36%	23.83%	24.08%	0.00%	23.61%	23.91%	11.88%
Return on Invested Capital (ROIC)	6.71%	7.12%	7.02%	6.92%	6.81%	6.46%	6.77%	5.37%	6.16%	5.63%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	3.99%	4.60%	4.34%	5.05%	6.42%	8.13%	5.20%	-37.69%	4.36%	4.65%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.01%	3.59%	3.75%	3.53%	3.89%	5.82%	3.95%	-38.29%	5.50%	5.64%	0.00%
Return on Equity (ROE)	9.72%	10.70%	10.77%	10.45%	10.69%	12.29%	10.71%	-32.92%	11.66%	11.26%	-108.14%
Cash Return on Invested Capital (CROIC)	5.59%	-1.44%	-6.15%	0.60%	-5.76%	-5.40%	-4.71%	-14.18%	0.75%	0.57%	11.80%
Operating Return on Assets (OROA)	6.86%	7.04%	6.62%	5.82%	5.00%	4.87%	5.30%	5.45%	6.17%	5.80%	0.00%
Return on Assets (ROA)	3.58%	3.73%	3.58%	3.62%	3.64%	3.91%	3.41%	-10.57%	3.80%	3.77%	0.00%
Return on Common Equity (ROCE)	9.72%	10.70%	10.77%	10.45%	10.69%	12.29%	10.71%	-32.92%	11.66%	11.26%	-108.14%
Return on Equity Simple (ROE_SIMPLE)	9.64%	10.43%	10.38%	9.17%	10.47%	11.89%	10.13%	-34.09%	11.22%	10.88%	0.00%
Net Operating Profit after Tax (NOPAT)	6.17	6.87	7.57	8.21	8.89	9.53	11	10	14	13	33
NOPAT Margin	9.04%	11.64%	12.15%	12.53%	13.06%	15.12%	14.92%	12.41%	13.86%	15.36%	0.00%
Net Nonoperating Expense Percent (NNEP)	2.72%	2.52%	2.68%	1.87%	0.38%	-1.67%	1.56%	43.06%	1.80%	0.98%	118.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	12.42%
Cost of Revenue to Revenue	55.70%	46.56%	47.33%	49.99%	68.96%	38.51%	66.09%	68.93%	53.13%	64.21%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.62%	34.46%	33.09%	32.51%	14.00%	41.64%	14.25%	13.35%	28.73%	15.61%	0.00%
Earnings before Interest and Taxes (EBIT)	9.78	11	12	12	12	13	16	16	18	18	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	17	18	19	20	21	24	26	28	29	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.59	2.78	2.21	2.40	1.86	1.68	2.05	1.63	2.11	2.02
Price to Tangible Book Value (P/TBV)	1.37	1.59	2.78	2.21	2.40	1.86	1.68	2.05	1.63	2.11	2.02
Price to Revenue (P/Rev)	1.06	1.50	2.67	2.68	2.93	2.62	2.23	2.27	1.69	2.70	0.00
Price to Earnings (P/E)	14.19	15.28	26.73	24.10	22.88	15.67	16.62	0.00	14.56	19.43	0.00
Dividend Yield	4.99%	4.31%	2.47%	2.77%	2.63%	3.40%	3.63%	3.95%	4.79%	3.57%	3.70%
Earnings Yield	7.05%	6.54%	3.74%	4.15%	4.37%	6.38%	6.02%	0.00%	6.87%	5.15%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.32	1.92	1.78	1.83	1.48	1.38	1.45	1.27	1.50	1.47
Enterprise Value to Revenue (EV/Rev)	1.63	2.25	3.54	3.32	3.72	3.68	3.22	3.68	2.95	4.20	0.00
Enterprise Value to EBITDA (EV/EBITDA)	7.40	7.97	12.31	11.56	12.96	10.89	9.93	12.11	10.14	12.41	7.01
Enterprise Value to EBIT (EV/EBIT)	11.35	12.12	19.11	18.56	21.21	17.62	15.42	18.90	15.66	19.61	9.06
Enterprise Value to NOPAT (EV/NOPAT)	17.99	19.32	29.12	26.48	28.51	24.31	21.57	29.64	21.25	27.33	10.90
Enterprise Value to Operating Cash Flow (EV/OCF)	6.62	8.90	16.98	16.10	17.24	18.08	20.92	19.90	12.06	20.37	12.28
Enterprise Value to Free Cash Flow (EV/FCFF)	21.59	0.00	0.00	307.55	0.00	0.00	0.00	0.00	174.02	271.79	12.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.87	1.02	0.88	1.24	1.40	1.41	1.47	1.40	1.37	1.31
Long-Term Debt to Equity	0.57	0.60	1.02	0.88	1.24	1.40	1.34	1.46	1.25	1.26	1.29
Financial Leverage	0.75	0.78	0.86	0.70	0.61	0.72	0.76	1.02	1.26	1.21	1.16
Leverage Ratio	2.72	2.87	3.01	2.88	2.94	3.14	3.14	3.11	3.06	2.99	2.93
Compound Leverage Factor	2.30	2.48	2.62	2.51	2.79	3.31	2.66	-8.21	2.47	2.55	2.58
Debt to Total Capital	42.87%	46.40%	50.52%	46.91%	55.44%	58.27%	58.49%	59.54%	58.36%	57.89%	56.75%
Short-Term Debt to Total Capital	10.10%	14.02%	0.00%	0.00%	0.00%	0.00%	2.91%	0.57%	6.34%	4.66%	1.08%
Long-Term Debt to Total Capital	32.78%	32.39%	50.52%	46.91%	55.44%	58.27%	55.57%	58.98%	52.02%	53.23%	55.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.13%	53.60%	49.48%	53.09%	44.56%	41.73%	41.51%	40.46%	41.64%	42.11%	43.25%
Debt to EBITDA	2.64	2.89	3.42	3.74	5.29	5.83	5.77	5.36	4.99	5.19	2.94
Net Debt to EBITDA	2.58	2.64	3.00	2.21	2.78	3.11	3.04	4.63	4.32	4.43	2.48
Long-Term Debt to EBITDA	2.02	2.02	3.42	3.74	5.29	5.83	5.48	5.31	4.44	4.77	2.88
Debt to NOPAT	6.43	7.01	8.10	8.56	11.63	13.02	12.52	13.12	10.45	11.44	4.57
Net Debt to NOPAT	6.27	6.41	7.11	5.06	6.12	6.95	6.60	11.33	9.07	9.75	3.86
Long-Term Debt to NOPAT	4.92	4.89	8.10	8.56	11.63	13.02	11.90	13.00	9.32	10.52	4.48
Altman Z-Score	1.32	1.17	1.56	1.36	1.24	1.06	1.06	1.12	1.00	1.11	1.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.54	1.09	0.65	0.76	0.87	0.97	1.59	0.81	0.87	1.03
Quick Ratio	0.18	0.14	0.25	0.17	0.25	0.22	0.25	0.46	0.17	0.19	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.14	-1.39	-6.63	0.71	-7.52	-7.97	-7.82	-28	1.65	1.31	28
Operating Cash Flow to CapEx	121.89%	83.17%	62.61%	58.38%	67.22%	56.11%	58.36%	61.34%	94.18%	79.19%	140.14%
Free Cash Flow to Firm to Interest Expense	3.40	-0.85	-3.46	0.29	-2.08	-1.94	-1.93	-6.13	0.29	0.20	2.75
Operating Cash Flow to Interest Expense	11.08	9.12	6.77	5.49	4.06	3.13	2.86	3.46	4.24	2.68	2.82
Operating Cash Flow Less CapEx to Interest Expense	1.99	-1.85	-4.04	-3.91	-1.98	-2.45	-2.04	-2.18	-0.26	-0.70	0.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.38	0.36	0.33	0.28	0.23	0.25	0.28	0.33	0.27	0.00
Accounts Receivable Turnover	19.69	17.70	17.87	18.11	17.87	17.34	18.00	16.34	20.41	19.51	0.00
Inventory Turnover	3.55	3.16	3.47	3.80	5.86	3.42	6.36	4.29	3.34	4.69	8.63
Fixed Asset Turnover	0.60	0.47	0.44	0.42	0.39	0.33	0.37	0.38	0.41	0.33	0.00
Accounts Payable Turnover	7.23	5.24	5.63	6.34	9.68	5.44	8.16	7.11	7.17	9.65	14.07
Days Sales Outstanding (DSO)	18.54	20.63	20.42	20.15	20.43	21.05	20.28	22.34	17.88	18.71	0.00
Days Inventory Outstanding (DIO)	102.94	115.41	105.11	96.18	62.29	106.73	57.43	85.08	109.30	77.74	42.29
Days Payable Outstanding (DPO)	50.49	69.60	64.79	57.57	37.71	67.06	44.71	51.37	50.90	37.84	25.94
Cash Conversion Cycle (CCC)	70.99	66.44	60.75	58.76	45.00	60.72	33.00	56.04	76.28	58.62	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	92	101	115	122	139	156	175	213	225	237	241
Invested Capital Turnover	0.74	0.61	0.58	0.55	0.52	0.43	0.45	0.43	0.44	0.37	0.00
Increase / (Decrease) in Invested Capital	1.03	8.26	14	7.51	16	18	19	38	12	12	4.39
Enterprise Value (EV)	111	133	220	217	253	232	242	310	287	355	355
Market Capitalization	72	89	167	176	199	166	168	191	165	228	229
Book Value per Share	$11.17	$11.65	$8.30	$9.96	$10.30	$10.91	$11.93	$9.49	$10.07	$10.58	$11.00
Tangible Book Value per Share	$11.17	$11.65	$8.30	$9.96	$10.30	$10.91	$11.93	$9.49	$10.07	$10.58	$11.00
Total Capital	92	104	121	150	186	213	240	230	242	257	263
Total Debt	40	48	61	70	103	124	140	137	141	149	149
Total Long-Term Debt	30	34	61	70	103	124	133	136	126	137	146
Net Debt	39	44	54	42	54	66	74	118	122	127	126
Capital Expenditures (CapEx)	14	18	21	23	22	23	20	25	25	22	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.30	0.90	1.25	-8.79	-6.88	-2.43	4.61	9.63	7.69	7.45	1.31
Debt-free Net Working Capital (DFNWC)	2.29	1.54	1.32	-8.55	-5.25	-2.13	6.13	15	9.21	8.34	3.63
Net Working Capital (NWC)	-7.05	-13	1.32	-8.55	-5.25	-2.13	-0.87	13	-6.12	-3.63	0.78
Net Nonoperating Expense (NNE)	1.07	1.07	1.34	0.92	0.19	-1.03	1.12	42	2.21	1.24	152
Net Nonoperating Obligations (NNO)	40	45	55	43	56	67	76	120	124	129	128
Total Depreciation and Amortization (D&A)	5.22	5.71	6.38	7.09	7.60	8.13	8.67	9.18	9.99	11	11
Debt-free, Cash-free Net Working Capital to Revenue	1.91%	1.52%	2.01%	-13.42%	-10.11%	-3.85%	6.14%	11.45%	7.89%	8.80%	0.00%
Debt-free Net Working Capital to Revenue	3.36%	2.61%	2.12%	-13.04%	-7.71%	-3.38%	8.15%	17.27%	9.45%	9.85%	0.00%
Net Working Capital to Revenue	-10.34%	-22.04%	2.12%	-13.04%	-7.71%	-3.38%	-1.16%	15.72%	-6.28%	-4.28%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.81	$0.86	$0.95	$1.08	$1.30	$1.22	($3.48)	$1.14	$1.16	$1.29
Adjusted Weighted Average Basic Shares Outstanding	7.09M	7.15M	7.22M	7.65M	8.04M	8.13M	8.25M	9.12M	9.92M	10.15M	10.30M
Adjusted Diluted Earnings per Share	$0.72	$0.81	$0.86	$0.95	$1.08	$1.30	$1.22	($3.48)	$1.14	$1.16	$1.29
Adjusted Weighted Average Diluted Shares Outstanding	7.10M	7.16M	7.26M	7.70M	8.08M	8.15M	8.26M	9.12M	9.93M	10.16M	10.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.08	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.13M	7.20M	7.25M	8.00M	8.08M	8.17M	8.39M	9.83M	10.03M	10.26M	10.35M
Normalized Net Operating Profit after Tax (NOPAT)	6.17	6.87	7.57	8.21	8.89	9.53	11	10	14	13	33
Normalized NOPAT Margin	9.04%	11.64%	12.15%	12.53%	13.06%	15.12%	14.92%	12.41%	13.86%	15.36%	0.00%
Pre Tax Income Margin	12.12%	16.04%	16.11%	15.55%	16.68%	21.99%	17.70%	-51.26%	15.18%	18.26%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.46	6.70	6.02	4.76	3.30	3.21	3.87	3.64	3.26	2.78	3.83
NOPAT to Interest Expense	4.08	4.20	3.95	3.34	2.46	2.33	2.77	2.32	2.40	2.00	3.18
EBIT Less CapEx to Interest Expense	-2.63	-4.27	-4.80	-4.64	-2.74	-2.37	-1.02	-2.00	-1.24	-0.60	1.81
NOPAT Less CapEx to Interest Expense	-5.01	-6.76	-6.87	-6.06	-3.59	-3.25	-2.12	-3.32	-2.09	-1.39	1.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.73%	65.59%	66.04%	63.68%	59.99%	53.09%	59.52%	-22.10%	69.10%	68.78%	-7.07%
Augmented Payout Ratio	70.73%	65.59%	66.04%	63.68%	59.99%	53.09%	59.52%	-22.10%	69.10%	68.78%	-7.07%

This table displays calculated financial ratios and metrics derived from RGC Resources' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2024	6/30/2024	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	9,910,731.00	10,181,110.00	10,001,197.00	10,263,191.00	10,163,395.00	10,181,110.00	10,218,894.00	10,296,965.00	10,311,593.00	10,350,531.00	10,394,487.00
DEI Adjusted Shares Outstanding	9,910,731.00	10,181,110.00	10,001,197.00	10,263,191.00	10,163,395.00	10,181,110.00	10,218,894.00	10,296,965.00	10,311,593.00	10,350,531.00	10,394,487.00
DEI Earnings Per Adjusted Shares Outstanding	0.64	0.02	-0.09	-3.21	0.63	0.02	-11.41	-4.30	0.05	-3.75	-5.75
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.60%	-16.23%	89.20%	-100.00%	0.00%	0.00%	-378.67%	-100.00%	19.41%	0.00%	0.00%
EBITDA Growth	13.50%	-17.95%	9.70%	88.64%	-0.71%	25.16%	442.22%	136.80%	2.35%	0.00%	-2.42%
EBIT Growth	11.96%	-20.04%	0.41%	123.58%	0.00%	0.00%	1,576.61%	144.07%	-3.20%	0.00%	9.34%
NOPAT Growth	27.32%	-6.41%	31.58%	156.01%	0.00%	0.00%	3,857.99%	176.75%	-23.15%	0.00%	8.89%
Net Income Growth	126.31%	-73.56%	92.55%	-755.57%	0.00%	0.00%	-13,600.78%	-787.90%	243.61%	0.00%	-34.83%
EPS Growth	121.80%	-66.67%	94.44%	2.00%	0.00%	0.00%	0.00%	17.46%	150.00%	0.00%	13.51%
Operating Cash Flow Growth	-28.85%	82.72%	103.83%	246.57%	-40.82%	-52.91%	132.38%	0.00%	9.97%	0.00%	0.00%
Free Cash Flow Firm Growth	-29.32%	-20.40%	69.64%	98.32%	861.70%	776.47%	142.72%	-191.83%	-201.35%	0.00%	104.93%
Invested Capital Growth	19.54%	18.17%	5.56%	5.83%	0.00%	0.00%	5.19%	0.00%	0.00%	0.00%	3.82%
Revenue Q/Q Growth	33.74%	-55.73%	95.46%	-100.00%	19.68%	-55.73%	-614.64%	0.00%	-52.65%	0.00%	0.00%
EBITDA Q/Q Growth	20.41%	-70.42%	-21.40%	401.04%	7.09%	-62.72%	357.97%	0.00%	-68.30%	0.00%	57.77%
EBIT Q/Q Growth	28.74%	-82.93%	-43.06%	1,373.31%	11.77%	-82.93%	1,057.89%	0.00%	-86.74%	0.00%	70.79%
NOPAT Q/Q Growth	31.20%	-81.94%	-69.45%	2,990.90%	18.12%	-81.94%	1,283.81%	0.00%	-88.43%	0.00%	70.95%
Net Income Q/Q Growth	28.35%	-97.57%	-223.89%	-3,767.55%	22.27%	-97.57%	-74,502.09%	0.00%	-92.99%	0.00%	-53.82%
EPS Q/Q Growth	26.00%	-96.83%	-185.71%	950.00%	23.53%	-96.83%	0.00%	0.00%	-93.24%	0.00%	78.72%
Operating Cash Flow Q/Q Growth	585.33%	-29.08%	-98.69%	409.29%	1,154.22%	-43.57%	-93.55%	0.00%	0.00%	59.95%	1,325.27%
Free Cash Flow Firm Q/Q Growth	21.06%	-9.63%	66.72%	94.13%	3,099.22%	-2.63%	-97.91%	0.00%	-2.61%	0.00%	0.00%
Invested Capital Q/Q Growth	-0.14%	-0.38%	-3.11%	9.79%	-100.00%	0.00%	0.00%	0.00%	-0.42%	0.00%	-1.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.84%	33.80%	70.60%	0.00%	36.84%	63.00%	0.00%	0.00%	54.70%	0.00%	0.00%
EBITDA Margin	35.15%	23.49%	13.44%	0.00%	34.90%	29.40%	0.00%	0.00%	25.20%	0.00%	0.00%
Operating Margin	26.42%	10.77%	2.24%	0.00%	26.42%	10.77%	0.00%	0.00%	6.93%	0.00%	0.00%
EBIT Margin	26.70%	10.29%	3.85%	0.00%	26.70%	10.29%	0.00%	0.00%	8.34%	0.00%	0.00%
Profit (Net Income) Margin	19.73%	1.08%	-3.19%	0.00%	19.73%	1.08%	0.00%	0.00%	3.12%	0.00%	0.00%
Tax Burden Percent	76.87%	76.90%	77.62%	-240.97%	76.87%	76.90%	-806.51%	-221.93%	76.93%	-317.90%	-268.46%
Interest Burden Percent	96.13%	13.69%	-106.66%	90.19%	96.13%	13.69%	83.88%	93.85%	48.58%	89.70%	95.67%
Effective Tax Rate	23.13%	23.10%	0.00%	11.76%	23.13%	23.10%	0.73%	11.81%	23.07%	10.87%	11.45%
Return on Invested Capital (ROIC)	8.39%	3.28%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	8.21%	2.31%	-0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	8.07%	2.31%	-0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	16.46%	5.59%	0.27%	0.00%	0.00%	0.00%	-100.27%	0.00%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-1.23%	-3.46%	0.75%	3.31%	0.00%	0.00%	7.92%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	7.85%	2.85%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Assets (ROA)	5.80%	0.30%	-1.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	16.46%	5.59%	0.27%	0.00%	0.00%	0.00%	-100.27%	0.00%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.63	1.20	0.42	13	6.63	1.20	17	18	0.92	12	20
NOPAT Margin	20.31%	8.28%	1.57%	0.00%	20.31%	8.28%	0.00%	0.00%	5.33%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.18%	0.97%	1.04%	34.53%	0.00%	0.00%	105.18%	103.74%	0.63%	37.69%	65.22%
Return On Investment Capital (ROIC_SIMPLE)	-	0.47%	-	4.82%	-	-	6.45%	7.06%	0.36%	4.29%	7.37%
Cost of Revenue to Revenue	63.16%	66.20%	29.40%	0.00%	63.16%	37.00%	0.00%	0.00%	45.30%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.41%	23.03%	68.36%	0.00%	10.41%	52.23%	0.00%	0.00%	47.77%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	8.72	1.49	1.03	15	8.72	1.49	17	21	1.44	14	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	3.40	3.59	18	11	4.25	19	27	4.35	17	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.81	1.83	1.63	1.75	0.00	0.00	2.03	1.74	1.97	1.87	1.83
Price to Tangible Book Value (P/TBV)	1.81	1.83	1.63	1.75	0.00	0.00	2.03	1.74	1.97	1.87	1.83
Price to Revenue (P/Rev)	2.26	2.34	1.69	2.68	1.95	1.98	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	312.11	270.11	14.56	0.00	16.97	17.19	0.00	0.00	0.00	0.00	0.00
Dividend Yield	4.03%	4.08%	4.79%	4.19%	4.11%	4.08%	3.71%	4.06%	3.68%	3.94%	3.85%
Earnings Yield	0.32%	0.37%	6.87%	0.00%	5.89%	5.82%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.37	1.38	1.27	1.33	0.00	0.00	1.46	1.36	1.46	1.40	1.41
Enterprise Value to Revenue (EV/Rev)	3.63	3.77	2.95	4.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	11.28	11.43	10.14	8.96	0.00	0.00	7.58	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	17.45	17.47	15.66	12.34	0.00	0.00	9.84	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.03	11.31	21.25	15.28	0.00	0.00	11.56	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	23.30	16.51	12.06	13.08	0.00	0.00	19.89	11.53	12.15	0.00	14.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	174.02	41.45	0.00	0.00	18.95	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.29	1.33	1.40	1.40	0.00	0.00	1.38	1.21	1.23	1.34	1.19
Long-Term Debt to Equity	1.23	1.25	1.25	1.00	0.00	0.00	1.27	0.98	1.20	1.19	1.04
Financial Leverage	0.98	1.00	1.26	1.23	0.00	0.00	1.21	1.03	1.04	1.15	1.01
Leverage Ratio	2.79	2.86	3.06	3.02	0.00	0.00	2.99	2.77	2.79	2.93	2.74
Compound Leverage Factor	2.68	0.39	-3.27	2.72	0.00	0.00	2.51	2.60	1.36	2.63	2.62
Debt to Total Capital	56.34%	57.02%	58.36%	58.35%	0.00%	0.00%	57.93%	54.66%	55.07%	57.30%	54.25%
Short-Term Debt to Total Capital	2.65%	3.17%	6.34%	16.86%	0.00%	0.00%	4.66%	10.23%	0.98%	6.55%	6.58%
Long-Term Debt to Total Capital	53.69%	53.86%	52.02%	41.49%	0.00%	0.00%	53.28%	44.43%	54.09%	50.75%	47.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.66%	42.98%	41.64%	41.65%	0.00%	0.00%	42.07%	45.34%	44.93%	42.70%	45.75%
Debt to EBITDA	5.02	5.15	4.99	4.26	0.00	0.00	3.25	0.00	0.00	0.00	0.00
Net Debt to EBITDA	4.25	4.34	4.32	3.63	0.00	0.00	2.77	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	4.78	4.87	4.44	3.03	0.00	0.00	2.99	0.00	0.00	0.00	0.00
Debt to NOPAT	4.02	5.10	10.45	7.26	0.00	0.00	4.97	0.00	0.00	0.00	0.00
Net Debt to NOPAT	3.40	4.30	9.07	6.18	0.00	0.00	4.23	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	3.83	4.82	9.32	5.16	0.00	0.00	4.57	0.00	0.00	0.00	0.00
Altman Z-Score	1.04	0.91	0.81	0.84	0.00	0.00	0.82	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.07	0.81	0.56	0.00	0.00	0.87	0.57	1.04	0.80	0.69
Quick Ratio	0.53	0.33	0.17	0.28	0.00	0.00	0.19	0.35	0.40	0.47	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	-35	-11	-0.67	240	234	4.89	-220	-237	0.00	11
Operating Cash Flow to CapEx	196.86%	154.36%	2.74%	14.43%	187.15%	111.34%	6.89%	0.00%	127.94%	19.14%	371.73%
Free Cash Flow to Firm to Interest Expense	-20.11	-22.04	-11.52	-0.24	153.15	149.08	0.92	-85.64	-156.51	0.00	4.22
Operating Cash Flow to Interest Expense	7.51	7.93	0.16	0.29	6.62	3.74	0.07	0.00	4.26	0.40	5.98
Operating Cash Flow Less CapEx to Interest Expense	3.70	2.79	-5.82	-1.74	3.08	0.38	-0.96	0.00	0.93	-1.68	4.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.28	0.33	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	8.65	14.07	20.41	5.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	11.98	6.19	3.34	5.77	0.00	0.00	6.45	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.37	0.35	0.41	0.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	10.55	6.90	7.17	8.41	0.00	0.00	13.25	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	42.19	25.93	17.88	72.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	30.48	58.95	109.30	63.28	0.00	0.00	56.60	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	34.60	52.86	50.90	43.38	0.00	0.00	27.55	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	38.07	32.02	76.28	92.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	233	232	225	247	0.00	0.00	237	239	238	251	248
Invested Capital Turnover	0.41	0.40	0.44	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	38	36	12	14	-233	-232	12	239	238	0.00	9.12
Enterprise Value (EV)	321	320	287	329	0.00	0.00	347	324	348	351	349
Market Capitalization	200	199	165	196	196	199	220	205	229	218	227
Book Value per Share	$10.88	$10.68	$10.07	$10.89	$0.00	$0.00	$10.58	$11.44	$11.27	$11.25	$11.94
Tangible Book Value per Share	$10.88	$10.68	$10.07	$10.89	$0.00	$0.00	$10.58	$11.44	$11.27	$11.25	$11.94
Total Capital	253	253	242	268	0.00	0.00	257	260	259	273	271
Total Debt	143	144	141	157	0.00	0.00	149	142	142	156	147
Total Long-Term Debt	136	136	126	111	0.00	0.00	137	115	140	138	129
Net Debt	121	122	122	133	0.00	0.00	127	119	119	132	122
Capital Expenditures (CapEx)	5.98	8.05	5.94	5.73	5.54	5.26	5.48	0.00	5.03	5.64	4.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	7.10	7.69	15	0.00	0.00	7.45	4.74	1.31	7.28	2.83
Debt-free Net Working Capital (DFNWC)	14	9.64	9.21	17	0.00	0.00	8.34	6.89	3.43	9.94	6.22
Net Working Capital (NWC)	6.82	1.63	-6.12	-28	0.00	0.00	-3.63	-20	0.90	-7.91	-12
Net Nonoperating Expense (NNE)	0.19	1.04	1.27	46	0.19	1.04	133	63	0.38	51	80
Net Nonoperating Obligations (NNO)	123	124	124	135	0.00	0.00	129	121	121	134	124
Total Depreciation and Amortization (D&A)	2.76	1.91	2.56	2.84	2.68	2.76	2.23	5.71	2.91	3.07	3.07
Debt-free, Cash-free Net Working Capital to Revenue	13.01%	8.37%	7.89%	20.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	15.30%	11.36%	9.45%	23.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	7.71%	1.92%	-6.28%	-38.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.63	$0.02	($0.06)	$0.51	$0.00	$0.00	$0.00	$0.74	$0.05	$0.48	$0.85
Adjusted Weighted Average Basic Shares Outstanding	10.18M	10.22M	9.92M	10.30M	0.00	0.00	10.15M	10.31M	10.33M	10.39M	10.41M
Adjusted Diluted Earnings per Share	$0.63	$0.02	($0.06)	$0.51	$0.00	$0.00	$0.00	$0.74	$0.05	$0.47	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	10.18M	10.22M	9.93M	10.30M	0.00	0.00	10.16M	10.31M	10.33M	10.39M	10.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.18M	10.22M	10.03M	10.30M	0.00	0.00	10.26M	10.31M	10.33M	10.39M	10.41M
Normalized Net Operating Profit after Tax (NOPAT)	6.63	1.20	0.42	13	6.63	1.20	17	18	0.92	12	20
Normalized NOPAT Margin	20.31%	8.28%	1.57%	0.00%	20.31%	8.28%	0.00%	0.00%	5.33%	0.00%	0.00%
Pre Tax Income Margin	25.66%	1.41%	-4.11%	0.00%	25.66%	1.41%	0.00%	0.00%	4.05%	0.00%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.57	0.95	1.04	5.38	5.57	0.95	3.26	8.27	0.95	5.02	9.04
NOPAT to Interest Expense	4.23	0.76	0.42	4.60	4.23	0.76	3.13	7.14	0.61	4.31	7.77
EBIT Less CapEx to Interest Expense	1.75	-4.19	-4.95	3.35	2.03	-2.41	2.22	0.00	-2.37	2.94	7.43
NOPAT Less CapEx to Interest Expense	0.42	-4.38	-5.56	2.56	0.70	-2.59	2.10	0.00	-2.72	2.23	6.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,222.36%	1,053.79%	69.10%	-29.59%	68.81%	69.47%	-7.72%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1,222.36%	1,053.79%	69.10%	-29.59%	68.81%	69.47%	-7.72%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

RGC Resources (NASDAQ: RGCO) showed a sharp rebound in fiscal 2026 Q2, but the broader multi-year picture remains mixed. The company posted solid operating income and operating cash flow in the latest quarter, yet the income statement data presented here is unusually noisy and includes several periods with negative “revenue” or distorted net income figures, so investors should focus more on the trend in operating cash generation, debt, and balance sheet leverage than on the reported quarterly profit line alone.

Operating cash flow improved meaningfully in Q2 2026. Net cash from operating activities rose to $15.4 million from $1.1 million in Q1 2026 and $675 thousand in Q4 2025, showing a strong quarter-to-quarter recovery.
Latest-quarter operating income was healthy. Q2 2026 operating income came in at $22.6 million, up from $13.1 million in Q1 2026, supported by a much better cost structure.
Cash balance improved modestly. Cash and equivalents increased to $3.39 million at March 31, 2026 from $2.66 million at December 31, 2025.
Debt appears to have declined from the prior quarter. Short-term debt was unchanged at $17.8 million, while long-term debt fell to $129.3 million from $138.4 million in Q1 2026.
Equity increased quarter over quarter. Total common equity rose to $124.1 million from $116.4 million, helped by retained earnings growth.
Net income in the cash flow statement was strong in Q2 2026. Cash flow reporting showed $8.7 million in net income, a notable improvement from $4.9 million in Q1 2026.
The company continues to invest heavily in its asset base. Capital spending remained meaningful at $4.2 million in Q2 2026, after $5.6 million in Q1 2026 and roughly $5.0 million in Q4 2025.
Dividend payments remain steady. Cash dividends to common shareholders were $0.2175 per share in Q2 2026, similar to recent quarters, indicating the dividend remains a priority.
Balance sheet size remained stable. Total assets were essentially flat versus Q1 2026 at $337.1 million, suggesting no major expansion or contraction in the asset base.
Leverage remains a key risk. Total liabilities were $213.4 million versus $124.1 million of equity in Q2 2026, leaving the company meaningfully debt-heavy.
Interest expense remains elevated. Q2 2026 interest expense was $2.6 million, which continues to pressure bottom-line results.
Quarterly net income on the income statement is inconsistent with cash flow reporting. The reported Q2 2026 income statement shows a large net loss of $59.8 million, which conflicts with the cash flow statement and suggests some accounting/statement presentation noise that investors should treat cautiously.
Earlier periods were volatile. Q1 2026 and much of 2024 included very weak or distorted reported earnings, showing that profits have not been consistently stable across the period provided.

Bottom line: RGCO’s latest quarter looks better on operations and cash generation, but the company still carries significant debt and the income statement data is uneven. For retail investors, the most encouraging trend is the rebound in operating cash flow and operating income in Q2 2026, while the biggest concern remains leverage and the volatility in reported earnings.

07/05/26 01:38 AM ETAI Generated. May Contain Errors.

RGC Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, RGC Resources' fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

RGC Resources' net income appears to be on an upward trend, with a most recent value of -$119.87 million in 2025, falling from $5.09 million in 2015. The previous period was -$104.71 million in 2024. See where experts think RGC Resources is headed by visiting RGC Resources' forecast page.

RGC Resources' total operating income in 2025 was $37.00 million, based on the following breakdown:

Total Gross Profit: -$88.06 million
Total Operating Expenses: $22.94 million

Over the last 10 years, RGC Resources' total revenue changed from $68.19 million in 2015 to $0.00 in 2025, a change of -100.0%.

RGC Resources' total liabilities were at $216.69 million at the end of 2025, a 1.8% increase from 2024, and a 133.0% increase since 2015.

In the past 10 years, RGC Resources' cash and equivalents has ranged from $69.64 thousand in 2017 to $4.90 million in 2022, and is currently $2.32 million as of their latest financial filing in 2025.

Over the last 10 years, RGC Resources' book value per share changed from 11.17 in 2015 to 11.00 in 2025, a change of -1.5%.

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Financial statements for NASDAQ:RGCO last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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RGC Resources (RGCO) Financials

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RGC Resources (RGCO) Financials

Annual Income Statements for RGC Resources

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Annual Cash Flow Statements for RGC Resources

Quarterly Cash Flow Statements for RGC Resources

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Quarterly Balance Sheets for RGC Resources

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Quarterly Metrics And Ratios for RGC Resources

Financials Breakdown Chart

Key Financial Trends

RGC Resources Financials - Frequently Asked Questions

When does RGC Resources' financial year end?

How has RGC Resources' net income changed over the last 10 years?

What is RGC Resources' operating income?

How has RGC Resources' revenue changed over the last 10 years?

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