RGC Resources(RGCO)

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RGC Resources Inc. (RGCO) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2024-11-14 00:11
Core Viewpoint - RGC Resources Inc. reported quarterly earnings of $0.01 per share, surpassing the Zacks Consensus Estimate of a loss of $0.01 per share, indicating a significant earnings surprise of 200% [1] Financial Performance - The company posted revenues of $13.1 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.80% and showing an increase from $12.47 million in the same quarter last year [2] - Over the last four quarters, RGC Resources has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - RGC Resources shares have increased by approximately 6.6% since the beginning of the year, while the S&P 500 has gained 25.5% [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.50 on revenues of $26 million, and for the current fiscal year, it is $1.22 on revenues of $89 million [7] Industry Context - The Oil and Gas - Refining and Marketing industry, to which RGC Resources belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, which may impact the stock's performance [8]
RGC Resources(RGCO) - 2024 Q4 - Annual Results
2024-11-13 22:12
Release Date: November 13, 2024 Contact: Timothy J. Mulvaney VP, Treasurer and CFO Telephone: 540-777-3997 Exhibit 99.1 NEWS RELEASE RGC RESOURCES, INC. RGC RESOURCES, INC. REPORTS 2024 EARNINGS ROANOKE, Va. (November 13, 2024)--RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $11,760,896, or $1.16 per share, for the fiscal year ended September 30, 2024, compared to $11,299,282, or $1.14 per share, for the fiscal year ended September 30, 2023. The increase reflected higher level ...
RGC Resources (RGCO) Soars 13.0%: Is Further Upside Left in the Stock?
ZACKS· 2024-11-07 10:11
RGC Resources Inc. (RGCO) shares soared 13% in the last trading session to close at $23.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1% gain over the past four weeks.RGC Resources has shown strong growth, with its recent stock performance reflecting growing confidence from investors. This upward trend is driven by the company’s strategic initiatives, along with favorable market conditions like increased energy demand and s ...
RGC Resources(RGCO) - 2024 Q3 - Earnings Call Transcript
2024-08-09 20:24
RGC Resources, Inc. (NASDAQ:RGCO) Q3 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Tommy Oliver - Senior Vice President of Regulatory & External Affairs Tim Mulvaney - Treasurer & Chief Financial Officer Paul Nester - President & Chief Executive Officer Conference Call Participants Michael Gaugler - Janney Montgomery Scott Tommy Oliver Good morning, everyone, and thank you for joining us as we discuss RGC Resources 2024 Third Quarter Results. I am Tommy Oliver, Senior Vice Pre ...
RGC Resources(RGCO) - 2024 Q3 - Quarterly Report
2024-08-06 20:09
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended June 30, 2024 (540) 777-4427 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Transition Period From to Commission File Number 000-26591 RGC Resources, Inc. (Exact name of Registrant as Specified in its Charter) Virginia 54-1909697 (St ...
RGC Resources(RGCO) - 2024 Q3 - Quarterly Results
2024-08-05 20:50
Exhibit 99.1 NEWS RELEASE RGC RESOURCES, INC. Release Date: August 5, 2024 Contact: Timothy J. Mulvaney Vice President, Treasurer and CFO Telephone: (540) 777-3997 RGC RESOURCES, INC. REPORTS THIRD QUARTER EARNINGS ROANOKE, Va. (August 5, 2024)--RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $156,692, or $0.02 per share, for the third quarter ended June 30, 2024, compared to $686,816, or $0.07 per share, for the fiscal quarter ended June 30, 2023. The decline was the result of ...
RGC Resources, Inc. Schedules Third Quarter 2024 Earnings Call
Newsfilter· 2024-07-26 20:00
ROANOKE, Va., July 26, 2024 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal third quarter 2024 on Wednesday, August 7, 2024 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investorfinancial-information/. RGC Resources, Inc. provides energy and related products and services ...
Strength Seen in RGC Resources (RGCO): Can Its 6.5% Jump Turn into More Strength?
ZACKS· 2024-07-12 20:00
For Phillips 66, the consensus EPS estimate for the upcoming report has changed -15.1% over the past month to $3.52. This represents a change of -9% from what the company reported a year ago. Phillips 66 currently has a Zacks Rank of #5 (Strong Sell). RGC Resources Inc. (RGCO) shares ended the last trading session 6.5% higher at $21.17. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.2% loss over the past four we ...
Roanoke Gas Company Celebrates Historic Milestone: New Interstate Natural Gas Pipeline Mountain Valley Makes Initial Delivery to the Roanoke Valley
Newsfilter· 2024-06-14 19:00
Paul Nester, President and CEO of Roanoke Gas stated, "The new and abundant supply of natural gas that MVP provides will allow Roanoke Gas to meet the continually increasing residential, commercial and industrial demand for natural gas in our service territory and will further propel economic development in the region. In addition, the energy supply the MVP delivers enhances the reliability of our system and allows us access to cheaper natural gas markets, both of which benefit our customers. Roanoke Gas wo ...
Roanoke Gas Company Celebrates Historic Milestone: New Interstate Natural Gas Pipeline Mountain Valley Makes Initial Delivery to the Roanoke Valley
GlobeNewswire News Room· 2024-06-14 19:00
ROANOKE, Va., June 14, 2024 (GLOBE NEWSWIRE) -- In the midst of celebrating more than 140 years of serving the Roanoke Valley, Roanoke Gas Company, a subsidiary of RGC Resources, Inc. (Nasdaq: RGCO) announced a significant milestone in its long, proud history. For the first time since 1965, the Roanoke Valley now has access to a new interstate natural gas pipeline, the Mountain Valley Pipeline (MVP). Roanoke Gas has two interconnects with the new pipeline and began receiving delivery of natural gas from MVP ...