MARKETS / NASDAQ / RGCO

NASDAQ · NATURAL GAS TRANSMISISON & DISTRIBUTION · SMALL CAP

RGC Resources Inc. RGCO

16 fiscal years on record · USD · FY2025 reported · SEC filings only

9 YEARS OF DIVIDEND GROWTH

Revenue

$93.9M

▲ 16.6% YoY

Net income

$13.3M

▲ 12.9% YoY

Free cash flow

$8.2M

In brief

What this company does

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. In July 2015, the Company formed Midstream for the purpose of becoming an investor in Mountain Valley Pipeline, LLC, which was created to construct and operate interstate natural gas pipelines. Roanoke Gas' regulated natural gas distribution business accounted for more than 99% of Resources total revenues for fiscal years ended September 30, 2025 and 2024. The Company's natural gas utility operates in a regulated, monopolistic environment, with Roanoke Gas currently holding the only franchises and CPCNs to distribute natural gas in its Virginia service areas. At September 30, 2025, Resources had 106 full-time employees.

Written from the business description in RGC RESOURCES INC's annual report to the U.S. Securities and Exchange Commission, filed 4 December 2025. Every sentence was checked against that document before publication.

Growth

USD 93.9M

Revenue, FY2025 · full 16-year series below

Revenue $M Net income $M

FY2025 · Revenue 93.9 · Net income 13.3

Compound annual growth

Revenue

+4.4%

+140.9%

+3.3%

+1.6%

Net income

+4.7%

+10.1%

+7.6%

EPS, diluted

−0.2%

Dividend / share

+2.1%

+3.5%

Returned to shareholders

+6.5%

+8.6%

+8.9%

+7.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +140.9% a year over five years — but profit grew slower: net income at +4.7%, earnings per share at −0.2%.

The share count rose from 0.01B to 0.01B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

14 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 19.6% · Net 14.1%

ROE

FY2025 · ROE 12.0%

Gross margin—

Operating margin19.6%

Net margin14.1%

Return on assets4.1%

EBITDAUSD 29.9M

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders

USD 8.5M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 8.2

Net buybacks $M Dividends $M

FY2025 · Dividends 8.5 · Net buybacks —

Dividends paidUSD 8.5M

Net buybacks—

Share of profit63.8%

Consecutive raises9 years (since the 2016 share-count change)

USD 8.5M in dividends — 64% of the year's profit went back to shareholders.

Total assetsUSD 329.8M

EquityUSD 113.6M

CashUSD 2.3M

Gross debtUSD 148.6M

Net debtUSD 146.3M

Current ratio1.03×

Net debt stands at 129% of equity.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Operating income $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0
EPS, diluted $	1.29	1.16	1.14	−3.48	1.22	1.30	1.08	0.95	0.86	0.81	0.72	1.00	0.91	0.92	1.01	0.98
Dividend / sh $	0.83	0.80	0.79	0.78	0.74	0.70	0.66	0.62	0.58	0.54	0.51	0.74	1.72	0.70	0.68	0.66
Payout %	64	69	69	−22	60	53	60	64	66	66	71	74	188	75	66	66
ROE %	12.0	11.3	11.7	−32.9	10.7	12.3	10.7	10.5	10.8	10.7	9.7	9.3	8.5	8.6	9.8	9.6
Shares out B	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

RGC Resources Inc.vsOneok Inc. /new/Same industry: Natural Gas Transmisison & Distribution RGC Resources Inc.vsBrookfield Infrastructure Corp.Same industry: Natural Gas Transmisison & Distribution RGC Resources Inc.vsCenturi Holdings, Inc.Same industry: Natural Gas Transmisison & Distribution RGC Resources Inc.vsSouthwest Gas Holdings, Inc.Same industry: Natural Gas Transmisison & Distribution RGC Resources Inc.vsChesapeake Utilities Corp.Same industry: Natural Gas Transmisison & Distribution

Provenance

Company facts, as filed

How we verify · 0 failures in 64 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNatural Gas Transmisison & Distribution

Listed onNASDAQ

Incorporated inVirginia

Fiscal year endsSeptember 30

SEC categorysmaller reporting company

Data on record since2010