NASDAQ$RGCO
RGC Resources Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
RGC Resources reported lower net income due to decreased earnings from MVP investment and increased interest expenses.
RGC Resources, Inc. announced fiscal year 2024 earnings of $11,760,896, or $1.16 per share, compared to $11,299,282, or $1.14 per share, for the previous fiscal year. The increase was driven by higher earnings from the Mountain Valley Pipeline (MVP). However, net income for the fourth quarter decreased to $140,822, or $0.01 per share, compared to $1,014,175, or $0.10 per share, in the same quarter last year, due to lower MVP earnings and higher interest expenses.
- Fiscal year earnings increased due to higher earnings from the Mountain Valley Pipeline (MVP).
- Net income for the quarter ended September 30, 2024, was $140,822 or $0.01 per share.
- A lower level of earnings from investment in MVP and higher interest expense resulted in lower net income compared to the same quarter a year ago.
- Reached a settlement on the pending rate proceeding that provides an incremental increase in annual revenues of $4.08 million, subject to approval.
Headline financials
Revenue & EPS history
RGC Resources · Revenue · Quarterly
$13.1M
Forward guidance
The company provided forward-looking statements regarding customer growth, infrastructure investment, and margins, noting that actual results could differ materially due to various factors, including gas prices, geopolitical considerations, rate-making expectations, MVP operation, and Southgate construction.
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 2024
+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
| Quarter | Report date | Reaction (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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