RGC RESOURCES INC(RGCO)Stock Analysis
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Rank #511 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
RGCO Stock Analysis & AI Quality Score
AI stock analysis and institutional research for RGC RESOURCES INC (RGCO), a Energy sector company. 13F Pro's AI-powered ranking engine scores RGCO at 66.6/100 on a 32-signal composite quality model, placing it at rank #511 of 2,879 stocks — the top 25% of the AI-ranked universe. RGCO scores in the top quartile across earnings quality (99.2), revenue growth (99.1), profitability (78.9). Areas of concern include revenue scale (19.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), RGC RESOURCES INC reports quarterly revenue of $45.5M, net income of $8.7M, free cash flow of $11.2M. Top institutional holders of RGCO by reported 13-F value include BlackRock,, GAMCO INVESTORS, ET AL, AMERIPRISE FINANCIAL, based on the most recent SEC filings. RGCO trades on the Nasdaq exchange and files with the SEC under CIK 1069533. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RGCO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for RGC RESOURCES INC directly from SEC EDGAR. RGC RESOURCES INC's 13F Pro composite quality score has ranged between 28 and 67 since 2021, currently 66.6 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
What's Driving RGCO's Business? Latest 10-Q Breakdown
✓ 22/22 datapoints verifiedAI-extracted from RGC RESOURCES INC's 10-Q filed 2026-05-07 — Q2 FY2026 (six months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
RGC Resources net income rose to $13.6M (+5% YoY) in the first half of FY2026, driven by $4.3M in new non-gas base rates effective January 2026 and higher natural gas commodity prices, partially offset by $10.4M increase in gas costs.
Biggest Revenue Drivers
Total revenue: $75.7M+19% YoY
Non-gas base rate increase of $4.3M effective January 1, 2026; higher natural gas commodity prices averaging $5.10/DTH vs. $3.70/DTH prior year; SAVE Plan revenues increased $532K.
Largest Expense Items
Natural gas commodity prices averaged $5.10/DTH vs. $3.70/DTH prior year; pipeline capacity charges increased over $2.3M; Winter Storm Fern drove spike to $30+ per DTH in late January-February 2026.
Inflationary pressures on health care benefits, insurance, contracted services, IT costs; personnel costs up $147K; contracted services up $274K for turn-ons; partially offset by lower capitalized construction overheads due to winter weather delays.
Growth in utility property; capitalized software with shorter useful lives increased depreciation more than 5% growth in average utility property balance.
Higher property taxes from growth in utility property and increased tax rates; increases in payroll taxes.
Margins: Gross utility margin increased 4% to $36.5M due to non-gas base rate increases and SAVE/RNG revenue contributions, partially offset by 36% rise in gas costs passed through to customers. Operating income grew 1% to $17.8M despite margin gains being constrained by inflationary pressures on O&M and depreciation.
Watch Items from the Filing
- LNG peak shaving facility damaged during Q2 FY2026 routine inspection; facility unlikely available for 2026-2027 heating season. Company unable to estimate assessment, design, and repair/replacement costs; discussions ongoing with SCC regarding regulatory asset treatment for uninsured amounts.
- Under-recovered gas costs flipped from $5.8M liability (prior year) to $384K asset (current year) due to Winter Storm Fern commodity price spike to $30+/DTH; costs to be recovered from customers over 12-18 months, pressuring near-term cash flows and customer receivables.
- Base rate case filed December 2, 2025 seeking $4.3M annual increase; new rates effective January 1, 2026 subject to refund; SCC hearing set for July 15, 2026 with expected final resolution in Q1 FY2027.
- Single multi-fuel customer reduced natural gas consumption significantly in first six months, lowering transportation/interruptible volumes 8%; Company expects usage to return to normal but represents concentration risk.
- Roanoke Gas $15M term note due August 2026; refinanced all Midstream debt September 2025 with maturity September 5, 2032; total debt principal payments over next 12 months $2.8M; leverage ratio 54% debt / 46% equity.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$45.5M
Net Income
Q2 2026
$8.7M
Free Cash Flow
Q2 2026
$11.2M
ROIC
Q2 2026
4.5%
D/E Ratio
Q2 2026
1.18
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+12.6% YoYNet Income
+12.9% YoYOperating Income
+8.0% YoYEPS (Diluted)
+11.2% YoYTotal Assets
+2.9% YoYTotal Debt
-0.0% YoYOp. Cash Flow
+66.0% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $95.3M +12.6% | $84.6M +0.6% | $84.2M +33.4% | $63.1M -7.3% | $68.0M +3.8% | $65.5M |
| Net Income | $13.3M +12.9% | $11.8M +137.1% | $-31.7M -400.4% | $10.6M +21.5% | $8.7M +19.2% | $7.3M |
| Operating Income | $18.4M +8.0% | $17.1M +14.5% | $14.9M +19.2% | $12.5M +8.0% | $11.6M +1.1% | $11.5M |
| EPS (Diluted) | $1.29 +11.2% | $1.16 +133.3% | $-3.48 -367.7% | $1.30 +20.4% | $1.08 +13.7% | $0.95 |
| Total Assets | $329.8M +2.9% | $320.7M +10.5% | $290.3M +3.1% | $281.7M +9.0% | $258.4M +17.7% | $219.6M |
| Total Debt | $148.6M -0.0% | $148.6M +8.5% | $137.0M +10.6% | $123.8M +19.8% | $103.4M +47.0% | $70.3M |
| Operating Cash Flow | $28.9M +66.0% | $17.4M +12.1% | $15.6M +21.3% | $12.8M -12.7% | $14.7M +8.8% | $13.5M |
AI Insight: RGCO Financial Trends
Q1 2026 revenue surged to $45M with $9M net income — the strongest quarterly result in the visible dataset.
• Revenue jumped from $30M in Q4 2025 to $45M in Q1 2026, the highest quarterly revenue in the dataset.
• Operating income reached $11M in Q1 2026, up from $7M in Q4 2025 and $1M in Q2 2025.
• Operating cash flow surged to $15M in Q1 2026, well above the $1M recorded in Q4 2025 and Q3 2025.
• Total debt has ranged between $142M–$157M since Q2 2024, while equity grew modestly from $109M to $124M.
⚠ Debt remains elevated at $147M vs. $124M equity in Q1 2026; leverage ratio leaves limited balance-sheet cushion.
⚠ Q2 and Q3 results consistently show near-zero or negative operating income — seasonal weakness worth monitoring.
⚠ Equity declined from $118M in Q1 2025 to $114M by Q3 2025 before recovering — trend bears watching.
AI Insight: RGCO Ratio Trends
Q1 2026 marks RGCO's strongest quarter on record in the table, with ROE hitting 28.2% and ROIC reaching 16.7% as leverage eases to its lowest level.
• Operating margin surged from -3.3% in Q3 2025 to 24.8% in Q1 2026, reflecting sharp seasonal earnings recovery.
• ROIC expanded from 1.8% in Q2 2025 to 16.7% in Q1 2026, the highest reading across all reported quarters.
• D/E ratio declined from 1.40 in Q4 2024 to 1.18 in Q1 2026, signaling modest but consistent deleveraging.
⚠ Q3 results are consistently loss-making (Q3 2025 OpMargin -3.3%), underscoring heavy seasonality risk in off-peak quarters.
⚠ Q2 2025 ROIC collapsed to 1.8% from 10.9% in Q4 2024 — seasonal troughs could pressure full-year returns.
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Available Research
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Top Institutional Holders of RGCO
BlackRock, Inc.
$9.5M428,869 shGAMCO INVESTORS, INC. ET AL
$9.2M416,900 shAMERIPRISE FINANCIAL INC
$9.0M410,287 shVANGUARD CAPITAL MANAGEMENT LLC
$7.9M359,086 shRussell Investments Group, Ltd.
$6.0M270,737 shGABELLI FUNDS LLC
$5.1M230,300 shGEODE CAPITAL MANAGEMENT, LLC
$4.4M198,098 shProspera Financial Services Inc
$4.3M192,959 shAncora Advisors, LLC
$3.0M137,529 shDIMENSIONAL FUND ADVISORS LP
$2.8M126,931 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $9.5M | 428,869 |
| GAMCO INVESTORS, INC. ET AL | $9.2M | 416,900 |
| AMERIPRISE FINANCIAL INC | $9.0M | 410,287 |
| VANGUARD CAPITAL MANAGEMENT LLC | $7.9M | 359,086 |
| Russell Investments Group, Ltd. | $6.0M | 270,737 |
| GABELLI FUNDS LLC | $5.1M | 230,300 |
| GEODE CAPITAL MANAGEMENT, LLC | $4.4M | 198,098 |
| Prospera Financial Services Inc | $4.3M | 192,959 |
| Ancora Advisors, LLC | $3.0M | 137,529 |
| DIMENSIONAL FUND ADVISORS LP | $2.8M | 126,931 |
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Popular Research
Is RGCO a good stock to buy?
13F Pro's AI-powered analysis of RGC RESOURCES INC (RGCO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RGCO are available on the RGCO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own RGCO?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RGCO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of RGC RESOURCES INC's investment landscape.