NASDAQ$RGCO

RGC Resources Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

RGC Resources reported a net loss for Q4 2022, which included an after-tax, non-cash MVP impairment charge.

RGC Resources reported a net loss of $11.4 million, or $1.16 per share, for the quarter ended September 30, 2022. This includes an after-tax, non-cash MVP impairment charge of approximately $11.3 million. Underlying net loss for the fourth quarter, excluding this impairment, was $75,660 or $0.01 per share.

  • RGC Resources reported a net loss for the quarter ended September 30, 2022.
  • The net loss includes an after-tax, non-cash MVP impairment charge.
  • Underlying net loss for the fourth quarter, excluding the impairment, decreased compared to the fourth quarter of 2021.
  • Q4 2022 results reflect increased returns from the SAVE infrastructure replacement program and higher industrial volumes.

Headline financials

Total Revenue

$14.1M

Previous: $13.4M+5.7%
EPS (adj)

-$0.01

Previous: $0.00-16766.7%
Capital Expenditures

$8.03M

Previous: $5.01M+60.4%
Free Cash Flow

-$12.3M

Previous: -$7.85M-56.3%
Net Income

-$11.4M

Previous: $0.00
Operating Income

-$1.22M

Previous: $555K-320.5%
Gross Profit

$3.1M

Previous: $3.09M+0.2%
Cash & Equivalents

$4.9M

Previous: $1.52M+222.7%
Total Assets

$290M

Previous: $310M-6.4%

Revenue & EPS history

RGC Resources · Revenue · Quarterly

$14.1M

Q4 2022+5.7%vs Q4 2021
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.

Tailwinds

  • Customer growth
  • Infrastructure investment
  • Increased margins

Headwinds

  • Gas prices and supply
  • Geopolitical considerations
  • Regulatory and legal challenges

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 Q4 2022

Historical avgQ4 2022

+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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