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Rgc Resources Inc. (RGCO)
NASDAQ:RGCO
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.63Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -5.27%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with notable achievements such as increased net income, strong gas volume growth, and successful operational performance during cold weather. However, challenges like decreased equity earnings from affiliates and higher interest expenses were also noted. Economic uncertainty was acknowledged as a potential concern.Company Guidance
During the first quarter earnings call for RGC Resources, Inc., several key metrics and guidance were provided for the 2025 fiscal year. The company reported strong main extensions and renewal activity, with 1.1 main miles installed and 197 new services connected, an increase from 185 in the previous year. Additionally, 65 services were renewed. Total gas volumes delivered rose by 16% compared to the first quarter of 2024, driven by a 10% increase in heating degree days and higher consumption from a major transportation customer. Capital expenditures were $5.7 million, up 8.4% from the previous year. Financially, the company posted net income of $5.3 million or $0.51 per share, with a noted increase in Roanoke Gas margins due to higher rates implemented in July. Equity earnings from unconsolidated affiliates were $854,000 pre-tax, down from $1.5 million in the same quarter the previous year. The company reiterated its capital spending forecast of $21.5 to $22 million for the fiscal year and maintained its earnings per share guidance in the range of $1.18 to $1.25. The call concluded with an acknowledgment of the company's robust performance during a historically cold winter and optimism about growth opportunities in the Roanoke region.Strong Main Extensions and Renewals
Installed 1.1 main miles and connected 197 new services compared to 185 in the previous year, with 65 service renewals, indicating continued investment in safety and reliability.
Increased Gas Volumes
Total gas volumes increased by 16% compared to the first quarter of 2024, with residential and small commercial volumes up 4% due to a 10% increase in heating degree days.
Increased Net Income
Net income rose to $5.3 million or $0.51 per share, compared to $5 million or $0.50 per share in the same quarter a year ago.
Positive Customer Growth
Steady housing growth and new neighborhood developments are expected, leading to further main extensions and new service connections.
Successful System Performance During Cold Weather
The system performed without customer outages during the coldest January in over ten years, highlighting the effectiveness of modernization and renewal efforts.
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RGCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RGCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $21.46 | $21.40 | -0.28% |
| Nov 13, 2024 | $20.88 | $20.54 | -1.63% |
| Aug 05, 2024 | $18.83 | $19.37 | +2.87% |
| May 01, 2024 | $20.35 | $20.62 | +1.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rgc Resources Inc. (RGCO) report earnings?
Rgc Resources Inc. (RGCO) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Rgc Resources Inc. (RGCO) earnings time?
Rgc Resources Inc. (RGCO) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RGCO EPS forecast?
RGCO EPS forecast for the fiscal quarter 2025 (Q2) is 0.68.
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