NASDAQ$RGCO

RGC Resources Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported consolidated earnings for the quarter ended December 31, 2022.

RGC Resources, Inc. reported consolidated earnings of $3,256,405, or $0.33 per share, for the quarter ended December 31, 2022. The decline in earnings was primarily due to increased operational costs from inflation and higher interest rates.

  • Consolidated earnings were $3,256,405, or $0.33 per share.
  • This is compared to $3,584,529, or $0.43 per share, for the quarter ended December 31, 2021.
  • The Roanoke Gas utility experienced strong customer demand and improved utility margins.
  • The overall earnings decline was primarily attributable to increased operational costs resulting from the inflationary environment and interest expense attributable to higher interest rates on floating rate debt.

Headline financials

Total Revenue

$33.3M

Previous: $23.3M+43.1%
EPS (adj)

$0.33

Previous: $0.43-23.3%
Capital Expenditures

-$7.53M

Previous: -$5.74M-31.3%
Free Cash Flow

-$4.27M

Previous: -$2.15M-98.6%
Net Income

$3.26M

Previous: $3.58M-9.2%
Operating Income

$5.54M

Previous: $5.38M+3.1%
Gross Profit

$33.3M

Previous: $23.3M+43.1%
Cash & Equivalents

$3.23M

Previous: $1.75M+84.6%
Total Assets

$308M

Previous: $323M-4.7%

Revenue & EPS history

RGC Resources · Revenue · Quarterly

$33.3M

Q1 2023+43.1%vs Q1 2022
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.4%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+2.4%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+4.8%

Q2 2018

Best reaction

-5.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.8%+3.3%+0.7%
Q1 2026-0.7%+0.0%+1.6%
Q4 2025-0.2%+6.5%+9.4%
Q2 2025+4.0%-0.4%-1.8%
Q1 2025+2.2%-2.0%-2.5%
Q4 2024-4.3%-5.4%-5.2%
Q3 2024-5.0%-4.6%-3.7%
Q2 2024+2.9%+3.8%+0.4%
Q1 2024-3.4%+7.0%+8.1%
Q4 2023+1.4%+7.3%+26.3%
Q3 2023-2.0%-4.8%-11.0%
Q2 2023-1.6%-0.2%+12.2%
Q1 2023+0.6%-1.4%+0.0%
Q4 2022+1.6%+6.2%-1.5%
Q3 2022+0.2%+2.9%+4.8%
Q2 2022+2.1%-0.1%+2.3%
Q1 2022-1.7%-2.0%+0.7%
Q4 2021+0.6%-0.5%-2.9%
Q3 2021-1.5%-2.3%-3.6%
Q2 2021+0.7%+3.4%+7.2%
Q1 2021-1.2%-1.0%+2.1%
Q4 2020+2.3%-5.2%-1.7%
Q3 2020+2.1%+1.5%+4.4%
Q2 2020-1.4%-0.4%+8.4%
Q1 2020+2.0%-0.1%+13.6%
Q4 2019-1.5%-0.3%+2.0%
Q3 2019-1.9%-6.8%-1.5%
Q2 2019-0.1%-3.6%-1.6%
Q1 2019+1.1%-3.9%-2.1%
Q4 2018+3.0%-1.1%-1.4%
Q3 2018+1.7%+0.1%-5.1%
Q2 2018+4.8%+1.2%+6.8%
Q1 2018+2.7%-0.5%+13.7%
Q4 2017-0.8%-2.4%+6.8%
Q3 2017-1.2%-1.8%-2.0%
Q2 2017+4.7%+6.6%+10.5%
Q1 2017+0.0%+0.0%+4.7%
Q4 2016-1.5%+0.3%+0.0%
Q3 2016+1.2%-0.2%-5.2%
Q2 2016-1.7%
Q1 2016+1.8%
Q4 2015-1.2%
Q3 2015+1.6%
Q2 2015-2.8%
Q1 2015+0.6%
Q4 2014+2.3%
Q3 2014-0.2%
Q2 2014-0.8%
Q1 2014-1.9%
Q4 2013+0.0%
Q3 2013+0.6%
Q2 2013-1.5%
Q1 2013+0.0%
Q4 2012-0.4%
Q3 2012-1.4%
Q2 2012-0.2%
Q1 2011-0.6%
Q1 2012+2.9%
Q2 2011+1.2%
Q4 2011+1.2%
Q3 2010+4.7%
Q4 2010+4.7%
Q3 2011+4.7%
Q2 2010-1.0%

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