RGCO on Nasdaq
RGC Resources
American natural gas transmisison and distribution company based in Roanoke.1
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Chesapeake Utilities, Centuri Holdings, Inc. or Brookfield Infrastructure Corp, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
19.6%Operating margin3
14.1%Net margin3
16.6%Revenue growth, 20253
11.7%Return on equity3
1.28×Debt to equity3
$8.2MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Gas Utility brought in 99% of the revenue RGC Resources broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Gas Utility | $84.5M | $95.2M |
| Product and Service, Other | $987.3K | $893.5K |
| Non-utility | $108.1K | $102.3K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs75¢$70.0M
- Interest7¢$6.5M
- Income tax4¢$4.1M
- Profit14¢$13.3M
Out of $93.9M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending71¢$20.7M
- Dividends paid29¢$8.5M
Out of $28.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.35
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Revenues | $95.3M | $84.6M |
| Operations and maintenance | $19.9M | $18.4M |
| Taxes other than income taxes | $2.9M | $2.7M |
| Depreciation and amortization | $11.5M | $10.5M |
| Total operating expenses | $76.9M | $67.6M |
| OPERATING INCOME | $18.4M | $17.1M |
| Equity in earnings of unconsolidated affiliate | $3.2M | $3.9M |
| Other income, net | $2.2M | $1.0M |
| Interest expense | $6.5M | $6.5M |
| INCOME BEFORE INCOME TAXES | $17.4M | $15.5M |
| INCOME TAX EXPENSE | $4.1M | $3.7M |
| NET INCOME | $13.3M | $11.8M |
| Basic (in dollars per share) | $1.29 | $1.16 |
| Diluted (in dollars per share) | $1.29 | $1.16 |
| Basic (in shares) | 10.3M shares | 10.2M shares |
| Diluted (in shares) | 10.3M shares | 10.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $2.3M | $894.2K | |
| Accounts receivable, net | $4.8M | $4.5M | |
| Inventories | $2.0M | $1.8M | |
| Gas in storage | $8.1M | $8.5M | |
| Prepaid income taxes | $1.6M | $2.4M | |
| Regulatory assets | $2.6M | $5.1M | |
| Interest rate swaps | $828.6K | $871.0K | |
| Other | $1.0M | $1.1M | |
| Total current assets | $23.3M | $25.1M | |
| In service | $366.8M | $345.9M | |
| Accumulated depreciation and amortization | -$100.1M | -$92.5M | |
| In service, net | $266.7M | $253.4M | |
| Construction work in progress | $8.2M | $8.6M | |
| Utility property, net | $274.9M | $262.0M | |
| Regulatory assets | $3.3M | $4.4M | |
| Investment in unconsolidated affiliates | $20.7M | $21.1M | |
| Benefit plan assets | $5.9M | $5.4M | |
| Deferred Income Tax Assets, Net | $617.4K | $771.7K | |
| Interest rate swaps | $421.5K | $1.2M | |
| Other | $593.2K | $703.4K | |
| Total other non-current assets | $31.6M | $33.6M | |
| TOTAL ASSETS | $329.8M | $320.7M | |
| Current maturities of long-term debt | $2.8M | $800.0K | |
| Line-of-credit | $0 | $11.2M | |
| Dividends payable | $2.1M | $2.1M | |
| Accounts payable | $7.1M | $5.4M | |
| Customer credit balances | $1.9M | $1.9M | |
| Customer deposits | $1.5M | $1.5M | |
| Accrued expenses | $5.3M | $5.0M | |
| Regulatory liabilities | $1.6M | $834.3K | |
| Other | $25.6K | $25.7K | |
| Total current liabilities | $22.5M | $28.7M | |
| Notes payable | $134.3M | $137.0M | |
| Line-of-credit | $11.9M | $0 | |
| Unamortized debt issuance costs | -$405.8K | -$282.1K | |
| Long-term debt, net | $145.8M | $136.7M | |
| Asset retirement obligations | $11.6M | $11.1M | $10.8M |
| Regulatory cost of retirement obligations | $15.9M | $14.4M | |
| Benefit plan liabilities | $201.2K | $113.6K | |
| Deferred Income Tax Liabilities, Net | $2.3M | $1.9M | |
| Regulatory liabilities | $17.4M | $19.3M | |
| Other | $319.6K | $308.4K | |
| Total deferred credits and other non-current liabilities | $48.0M | $47.2M | |
| Common stock, $5 par value; authorized 20,000,000 shares; issued and outstanding 10,338,308 and 10,249,899 shares in 2025 and 2024, respectively | $51.7M | $51.2M | |
| Preferred stock, no par; authorized 5,000,000 shares; no shares issued and outstanding in 2025 and 2024 | $0 | $0 | |
| Capital in excess of par value | $49.3M | $48.0M | |
| Retained earnings | $12.3M | $7.6M | |
| Accumulated other comprehensive income | $261.7K | $1.3M | |
| Total stockholders equity | $113.6M | $108.1M | $100.7M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $329.8M | $320.7M | |
| Common stock, par value (in dollars per share) | $5.00 | $5.00 | |
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common stock, shares issued (in shares) | 10.3M shares | 10.2M shares | |
| Common stock, shares outstanding (in shares) | 10.3M shares | 10.2M shares | |
| Preferred stock, par value (in dollars per share) | $0 | $0 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $2.3M | $894.2K | |
| Accounts receivable, net | $4.8M | $4.5M | |
| Inventories | $2.0M | $1.8M | |
| Gas in storage | $8.1M | $8.5M | |
| Prepaid income taxes | $1.6M | $2.4M | |
| Regulatory assets | $2.6M | $5.1M | |
| Interest rate swaps | $828.6K | $871.0K | |
| Other | $1.0M | $1.1M | |
| Total current assets | $23.3M | $25.1M | |
| In service | $366.8M | $345.9M | |
| Accumulated depreciation and amortization | -$100.1M | -$92.5M | |
| In service, net | $266.7M | $253.4M | |
| Construction work in progress | $8.2M | $8.6M | |
| Utility property, net | $274.9M | $262.0M | |
| Regulatory assets | $3.3M | $4.4M | |
| Investment in unconsolidated affiliates | $20.7M | $21.1M | |
| Benefit plan assets | $5.9M | $5.4M | |
| Deferred Income Tax Assets, Net | $617.4K | $771.7K | |
| Interest rate swaps | $421.5K | $1.2M | |
| Other | $593.2K | $703.4K | |
| Total other non-current assets | $31.6M | $33.6M | |
| TOTAL ASSETS | $329.8M | $320.7M | |
| Current maturities of long-term debt | $2.8M | $800.0K | |
| Line-of-credit | $0 | $11.2M | |
| Dividends payable | $2.1M | $2.1M | |
| Accounts payable | $7.1M | $5.4M | |
| Customer credit balances | $1.9M | $1.9M | |
| Customer deposits | $1.5M | $1.5M | |
| Accrued expenses | $5.3M | $5.0M | |
| Regulatory liabilities | $1.6M | $834.3K | |
| Other | $25.6K | $25.7K | |
| Total current liabilities | $22.5M | $28.7M | |
| Notes payable | $134.3M | $137.0M | |
| Line-of-credit | $11.9M | $0 | |
| Unamortized debt issuance costs | -$405.8K | -$282.1K | |
| Long-term debt, net | $145.8M | $136.7M | |
| Asset retirement obligations | $11.6M | $11.1M | $10.8M |
| Regulatory cost of retirement obligations | $15.9M | $14.4M | |
| Benefit plan liabilities | $201.2K | $113.6K | |
| Deferred Income Tax Liabilities, Net | $2.3M | $1.9M | |
| Regulatory liabilities | $17.4M | $19.3M | |
| Other | $319.6K | $308.4K | |
| Total deferred credits and other non-current liabilities | $48.0M | $47.2M | |
| Common stock, $5 par value; authorized 20,000,000 shares; issued and outstanding 10,338,308 and 10,249,899 shares in 2025 and 2024, respectively | $51.7M | $51.2M | |
| Preferred stock, no par; authorized 5,000,000 shares; no shares issued and outstanding in 2025 and 2024 | $0 | $0 | |
| Capital in excess of par value | $49.3M | $48.0M | |
| Retained earnings | $12.3M | $7.6M | |
| Accumulated other comprehensive income | $261.7K | $1.3M | |
| Total stockholders equity | $113.6M | $108.1M | $100.7M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $329.8M | $320.7M | |
| Common stock, par value (in dollars per share) | $5.00 | $5.00 | |
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | |
| Common stock, shares issued (in shares) | 10.3M shares | 10.2M shares | |
| Common stock, shares outstanding (in shares) | 10.3M shares | 10.2M shares | |
| Preferred stock, par value (in dollars per share) | $0 | $0 | |
| Preferred stock, shares authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net income | $13.3M | $11.8M |
| Depreciation and amortization | $11.5M | $10.5M |
| Cost of retirement of utility property | -$512.9K | -$576.8K |
| Stock-based compensation | $673.1K | $711.9K |
| Equity in earnings of unconsolidated affiliate | -$3.2M | -$3.9M |
| Distributions from unconsolidated affiliate | $3.6M | $0 |
| Donated property | -$762.2K | -$782.0K |
| Deferred income taxes | $318.7K | -$121.8K |
| Other noncash items, net | $371.2K | $516.8K |
| Accounts receivable and customer deposits, net | -$293.6K | -$275.2K |
| Inventories and gas in storage | $175.2K | $2.6M |
| Regulatory and other assets | $2.9M | -$2.8M |
| Regulatory liabilities | -$405.1K | -$1.0M |
| Other | $1.3M | $736.0K |
| Net cash provided by operating activities | $28.9M | $17.4M |
| Additions to utility property | -$20.7M | -$22.1M |
| Investment in unconsolidated affiliates | -$76.4K | -$18.3K |
| Proceeds from disposal of utility property | $72.9K | $79.0K |
| Net cash used in investing activities | -$20.7M | -$22.0M |
| Borrowings under line-of-credit | $48.6M | $45.4M |
| Repayments under line-of-credit | -$47.8M | -$38.6M |
| Proceeds from issuance of unsecured notes | $17.5M | $10.9M |
| Retirement of notes payable | -$18.2M | -$10.2M |
| Debt issuance expenses | -$184.3K | -$101.2K |
| Proceeds from issuance of stock | -$1.8M | -$4.7M |
| Cash dividends paid | -$8.5M | -$8.1M |
| Net cash provided by (used in) financing activities | -$6.8M | $4.0M |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $1.4M | -$618.2K |
| Interest | $6.4M | $6.3M |
| Income taxes | $4.2M | $2.9M |
| Accrued capital expenditures | $1.4M | $1.3M |
| Proceeds and retirement of borrowings with the same financial institution | $38.6M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led RGC Resources, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
197019801990200020102020
- Chief executive officerPaul W. Nester Feb 11, 2020 to now15
- Chief executive officerOrazio John S. D. Mar 5, 2013 to Jan 6, 202016
- Chief executive officerJohn B. Williamson Iii. Mar 3, 2006 to Mar 5, 201317
- ChairJohn B. Williamson Iii. Mar 3, 2006 to Mar 5, 201417
- PresidentPaul W. Nester Feb 11, 2020 to now15
- PresidentOrazio John S. D. Mar 5, 2014 to Jan 6, 202018
- PresidentJohn B. Williamson Iii. Mar 3, 2006 to Mar 5, 201317
- Chief financial officerTimothy J. Mulvaney Feb 6, 2024 to now19
- Chief financial officerJason A. Field Apr 12, 2022 to Oct 4, 202320
- Chief financial officerLawrence T. Oliver May 4, 2021 to Feb 3, 202221
- Chief financial officerRandall P. Burton Ii. Feb 11, 2020 to Apr 2, 202122
- Chief financial officerPaul W. Nester May 16, 2012 to Jan 23, 202023
- Chief financial officerHoward T. Lyon Jun 4, 2009 to Aug 18, 201024
- Chief operating officerC. James Shockley Jr. Mar 13, 2019 to now25
- Chief operating officerOrazio John S. D. Mar 3, 2006 to Sep 14, 201226
Board members and other officers (25)
- VP, Field OperationsThomas Patrick Furcron Jun 11, 2025 to now27
- VP, Human ResourcesChristen Brooke Miles Mar 3, 2023 to now28
- Vice PresidentLawrence T. Oliver Feb 3, 2020 to now29
- VP, Treasurer, Secretary & CFPaul W. Nester Aug 2, 2017 to Aug 2, 201730
- VP-OperationsC. James Shockley Jr. Oct 30, 2013 to Jan 4, 201931
- VP, Information TechnologyRobert L. Wells Ii. Oct 30, 2013 to Nov 3, 202232
- Vice President & SecretaryDale P. Moore Feb 3, 2006 to Mar 3, 201533
- VP, Treasurer & ControllerHoward T. Lyon Mar 3, 2006 to Feb 4, 201534
- Board memberFrank Russell Ellett Feb 3, 2026 to now35
- Board memberElizabeth A. McClanahan Feb 3, 2022 to now36
- Board memberRobert B. Johnston Apr 11, 2022 to now37
- Board memberJacqueline L. Archer Feb 3, 2020 to now38
- Board memberThomas J. Crawford Feb 2, 2018 to now39
- Board memberJohn B. Williamson Iii. Feb 4, 2015 to now40
- Board memberOrazio John S. D. Oct 2, 2014 to Jan 6, 202041
- Board memberPaul W. Nester Aug 3, 2012 to now42
- Board memberAbney S. Boxley Iii. Jan 5, 2006 to now43
- Board memberFrank T. Ellett Jan 5, 2006 to Jan 4, 201244
- Board memberGeorge W. Logan Jan 5, 2006 to Feb 2, 201845
- Board memberJ. Allen Layman Jan 5, 2006 to now46
- Board memberMaryellen F. Goodlatte Jan 5, 2006 to now47
- Board memberNancy H. Agee Jan 5, 2006 to now48
- Board memberRaymond D. Smoot Jr. Jan 5, 2006 to Jan 3, 202049
- Board memberS. Frank Smith Jan 5, 2006 to Oct 27, 202150
- Board memberDale P. Moore Feb 3, 2006 to Feb 3, 200651
Timeline
Filings
723 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 89 major events, 590 insider forms, 9 large holders, 15 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 25, 20264 EDGAR
- Sep 25, 20264 EDGAR
- Sep 25, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 20268-K EDGAR
- Sep 11, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 11, 20264 EDGAR
- Sep 2, 20264 EDGAR
- Sep 2, 20264 EDGAR
- Sep 2, 20264 EDGAR
The 723 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 9 such filings since October 2021:
- Dec 30, 2024SCHEDULE 13D/A
- Feb 14, 2024SC 13G/A
- Jan 12, 2024SC 13D/A
- Oct 5, 2023SC 13D
- Feb 14, 2023SC 13G
- Feb 14, 2023SC 13G/A
- Apr 1, 2022SC 13D/A
- Feb 14, 2022SC 13G/A
- Feb 9, 2022SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.rgcresources.com1
- WikidataQ7276640
- SEC EDGARCIK 1069533
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataRGC Resources on Wikidata
- 2SEC EDGARRGC Resources filings on SEC EDGAR
- 3SEC EDGARRGC Resources 10-K for fiscal 2025
- 4SEC EDGARRGC Resources filings on SEC EDGAR
- 5SEC EDGARRGC Resources 10-K for fiscal 2025
- 6SEC EDGARRGC Resources 10-K for fiscal 2018
- 7SEC EDGARRGC Resources 10-K for fiscal 2019
- 8SEC EDGARRGC Resources 10-K for fiscal 2020
- 9SEC EDGARRGC Resources 10-K for fiscal 2021
- 10SEC EDGARRGC Resources 10-K for fiscal 2022
- 11SEC EDGARRGC Resources 10-K for fiscal 2023
- 12SEC EDGARRGC Resources 10-Q for fiscal 2026
- 13SEC EDGARRGC Resources 10-Q for fiscal 2026
- 14SEC EDGARRGC Resources 10-K for fiscal 2018
- 15
- 16
- 17
- 18SEC EDGAROrazio John S. D., President
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29SEC EDGARLawrence T. Oliver, Vice President
- 30
- 31SEC EDGARC. James Shockley Jr., VP-Operations
- 32
- 33
- 34
- 35SEC EDGARFrank Russell Ellett, Board member
- 36
- 37SEC EDGARRobert B. Johnston, Board member
- 38SEC EDGARJacqueline L. Archer, Board member
- 39SEC EDGARThomas J. Crawford, Board member
- 40
- 41SEC EDGAROrazio John S. D., Board member
- 42SEC EDGARPaul W. Nester, Board member
- 43SEC EDGARAbney S. Boxley Iii., Board member
- 44SEC EDGARFrank T. Ellett, Board member
- 45SEC EDGARGeorge W. Logan, Board member
- 46SEC EDGARJ. Allen Layman, Board member
- 47SEC EDGARMaryellen F. Goodlatte, Board member
- 48SEC EDGARNancy H. Agee, Board member
- 49SEC EDGARRaymond D. Smoot Jr., Board member
- 50SEC EDGARS. Frank Smith, Board member
- 51SEC EDGARDale P. Moore, Board member