Rgc Resources IncRGCO
What Rgc Resources Inc does.
Resources was incorporated in the Commonwealth of Virginia on July 31, 1998 and, effective July 1, 1999, its subsidiaries were reorganized into the Resources holding company structure. Resources is currently composed of the following subsidiaries: Roanoke Gas and Midstream.
Roanoke Gas, originally established in 1883, was organized as a public service corporation under the laws of the Commonwealth of Virginia in 1912. The principal service of Roanoke Gas is the distribution and sale of natural gas to residential, commercial and industrial customers within its service territory in Roanoke, Virginia and the surrounding localities. Roanoke Gas also provides certain non-regulated services which account for less than 1% of consolidated revenues.
In July 2015, the Company formed Midstream for the purpose of becoming an investor in Mountain Valley Pipeline, LLC. The LLC was created to construct and operate interstate natural gas pipelines. Additional information regarding this investment is provided under Note 5 of the Company's annual consolidated financial statements and under the Equity Investment in Mountain Valley Pipeline section of Item 7.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $63.1M | $75.2M | $84.2M | $97.4M | $84.6M | $95.3M |
| Net income | $10.6M | $10.1M | -$31.7M | $11.3M | $11.8M | $13.3M |
| Free cash flow | -$10.1M | -$8.4M | -$9.9M | -$1.5M | -$4.7M | $8.2M |
More on RGCO.
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Figures from Rgc Resources Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.