RGC RESOURCES INC (RGCO)
Utilities · Natural gas distribution utilities · NASDAQ
RGC Resources is a Virginia-regulated natural gas utility with growing midstream pipeline infrastructure investments, benefiting from stable distribution revenue and renewable gas expansion.
What RGC RESOURCES INC does
RGC Resources Inc is a natural gas utility holding company that operates Roanoke Gas Company, a regulated natural gas distribution utility serving customers in Virginia. The company also invests in natural gas pipeline infrastructure through its wholly-owned subsidiary RGC Midstream, including stakes in the Mountain Valley Pipeline (MVP) and related projects. Revenue is generated from natural gas distribution, pipeline investments, and regulatory mechanisms including the SAVE (Steps to Advance Virginia's Energy) program for infrastructure replacement.
Themes: ["Natural gas distribution","Regulated utility infrastructure","Midstream pipeline investments","Renewable natural gas / energy transition","Virginia utility regulation / SCC oversight"]
Fundamentals
- Price$24.15 as of 2026-07-09 close
- Market cap$248M as of 2026-07-10
- 1-year return+4.5% as of 2026-07-09 close
- P/E17.79 as of 2026-07-10
- Net margin+13.0% as of 2026-07-10
- Gross margin+30.5% as of 2026-07-10
- ROE+11.9% as of 2026-07-10
- Debt / equity1.19 as of 2026-07-10
- Revenue growth (YoY)+17.5% as of 2026-07-10
- Revenue CAGR (3y)+4.2% SEC XBRL
- Beta0.50 as of 2026-07-10
Dividend: yield +3.6%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: dependence on Virginia State Corporation Commission (SCC) approval for rates and capital recovery mechanisms like SAVE and PGA","Weather volatility: natural gas demand is sensitive to heating degree days and weather patterns, mitigated only by weather normalization mechanisms","Pipeline project risk: material investments in Mountain Valley Pipeline and Southgate projects expose the company to construction delays, regulatory challenges, and market conditions affecting pipeline utilization"]
Competitors & peers
- Dominion Energy (D)
- Fortis Inc (FTS)
- NiSource Inc (NI)
- Spire Inc (SR)
- Atmos Energy (ATO)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.