RGC Resources Inc. (OQ:RGCO)

Sector:  Utilities Industry:  Natural Gas Utilities
See Regulatory Filings on SEC
Company Contact
Address: 519 Kimball Ave NE
ROANOKE VA 24016-2103
Tel: N/A
Website: www.rgcresources.com
IR: See website
Key People
John B. Williamson
Independent Chairman of the Board
Paul W. Nester
President, Chief Executive Officer
Randall P. Burton
Chief Financial Officer, Vice President, Treasurer, Secretary
Carl J. Shockley
Chief Operating Officer, Vice President
Robert Lee Wells
Chief Information Officer, Vice President
Business Overview
RGC Resources, Inc. (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary. Roanoke Gas also provides certain non-regulated services. It maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial and industrial users in its service territory. As of September 30, 2016, Resources had approximately 1,132 miles of transmission and distribution pipeline. As of September 30, 2016, Roanoke Gas owned and operated eight metering stations. It also owns a liquefied natural gas storage facility located in Botetourt County that has the capacity to store up to 220,000 dekatherm (DTH) of natural gas. The Company's subsidiaries also include Diversified Energy Company and RGC Midstream, LLC.
Financial Overview
For the nine months ended 30 June 2020, RGC Resources Inc. revenues decreased 8% to $53.3M. Net income increased 32% to $10.9M. Revenues reflect Non utility decrease of 1% to $537K. Net income reflects Equity Earnings -Before Taxes increase of 71% to $3.5M (income), Other income (expense), net increase from $242K to $528K (income). Dividend per share increased from $0.49 to $0.52.
Employees: 106 as of Sep 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $311.40M as of Jun 30, 2020
Annual revenue (TTM): $63.15M as of Jun 30, 2020
EBITDA (TTM): $21.83M as of Jun 30, 2020
Net annual income (TTM): $11.35M as of Jun 30, 2020
Free cash flow (TTM): -$16.78M as of Jun 30, 2020
Net Debt Last Fiscal Year: $115.15M as of Jun 30, 2020
Shares outstanding: 8,149,985 as of Jul 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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