RGC Resources
RGCO on Nasdaq. RGC Resources sells natural gas to homes, businesses, and industries in Virginia. Market value $225m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Utilities stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $0.90 of spare cash in the past 12 months. A savings account pays about $4.
You pay 20.0 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 5 cents a year. Above 10 is good.
Quality score: 67 of 100. Price score: 56 of 100. Our list needs 70 on quality and 60 on price.
$21.64 a share, 5% above its 1-year low
Over the past year the price has ranged from $20.55 to $27.99.
Dividend: 3.8% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $2 million in the past 12 months, $8 million in the year to September 2025.
| Revenue | |||||
| Revenue | $75m | $84m | $97m | $85m | $95m |
| Operating margin | |||||
| Operating margin | 19.7% | 17.7% | 18.1% | 20.2% | 19.4% |
| Debt to equity | |||||
| Debt to equity | 1.41 | 1.47 | 1.40 | 1.37 | 1.31 |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.01bn |
Health checks
- Free cash flow positive1 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.31× equity
- Revenue growth, five yearsSlow, 8.6% a year
- Buying back its own sharesNo, 6% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $17 million last quarter, about the same as a year ago.
- Profit: $558,900, up 4% on a year ago.
- It keeps 17 cents of each $1 of sales as operating profit, down from 20 cents a year earlier.
- Spare cash over the past 12 months: $2 million, down from $7 million.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $146 million more than cash, up from $140 million a year ago.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $13m |
| December 2024 | $27m |
| March 2025 | $36m |
| June 2025 | $17m |
| September 2025 | $14m |
| December 2025 | $30m |
| March 2026 | $45m |
| June 2026 | $17m |
| Quarter to | Amount |
|---|---|
| September 2024 | $140,822 |
| December 2024 | $5m |
| March 2025 | $8m |
| June 2025 | $538,412 |
| September 2025 | -$204,339 |
| December 2025 | $5m |
| March 2026 | $9m |
| June 2026 | $558,900 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 4 December 2025
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 100 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GAMCO InvestorsMario Gabelli | $10m | <0.1% | Cut |
| Boston PartnersBoston Partners team | $281,230 | <0.1% | Cut |
Largest holders overall
- Ameriprise Financial$11mAdded
- BlackRock$10m
- GAMCO Investors$10mCut
- Vanguard Capital Management$9m
- Russell Investments Group$6mCut
- Gabelli Funds$6mAdded
- Geode Capital Management$5mAdded
- Prospera Financial Services$5m
- Ancora Advisors$3m
- Dimensional Fund Advisors LP$3m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- GAMCO Asset Management Inc.Passive investorat least 4.0%(filed with 6 related holders)Since 27 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
GAMCO Asset Management Inc. Passive investor | at least 4.0% (filed with 6 related holders) | 27 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 6 insiders bought $198,126 of shares on the open market.
- Oliver Lawrence T.Senior VP and SecretaryBought
- Date
- 1 October 2026
- Shares
- 9
- Price
- $21.59
- Value
- $200
- Miles Christen BrookeVP, Human ResourcesBought
- Date
- 1 October 2026
- Shares
- 5
- Price
- $21.59
- Value
- $100
- WILLIAMSON JOHN B IIIDirectorBought
- Date
- 24 September 2026
- Shares
- 203
- Price
- $20.82
- Value
- $4,227
- Nester Paul WPresident & CEO, DirectorBought
- Date
- 23 September 2026
- Shares
- 300
- Price
- $21.08
- Value
- $6,324
- JOHNSTON ROBERT BDirectorBought
- Date
- 23 September 2026
- Shares
- 1,070
- Price
- $20.74
- Value
- $22,193
- WILLIAMSON JOHN B IIIDirectorBought
- Date
- 23 September 2026
- Shares
- 2,500
- Price
- $20.94
- Value
- $52,343
- WILLIAMSON JOHN B IIIDirectorBought
- Date
- 15 September 2026
- Shares
- 112
- Price
- $21.20
- Value
- $2,374
- JOHNSTON ROBERT BDirectorBought
- Date
- 14 September 2026
- Shares
- 420
- Price
- $21.06
- Value
- $8,845
- WILLIAMSON JOHN B IIIDirectorBought
- Date
- 14 September 2026
- Shares
- 500
- Price
- $21.32
- Value
- $10,660
- JOHNSTON ROBERT BDirectorBought
- Date
- 10 September 2026
- Shares
- 374
- Price
- $21.12
- Value
- $7,899
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | Oliver Lawrence T. Senior VP and Secretary | Bought | 9 | $21.59 | $200 |
| 1 October 2026 | Miles Christen Brooke VP, Human Resources | Bought | 5 | $21.59 | $100 |
| 24 September 2026 | WILLIAMSON JOHN B III Director | Bought | 203 | $20.82 | $4,227 |
| 23 September 2026 | Nester Paul W President & CEO, Director | Bought | 300 | $21.08 | $6,324 |
| 23 September 2026 | JOHNSTON ROBERT B Director | Bought | 1,070 | $20.74 | $22,193 |
| 23 September 2026 | WILLIAMSON JOHN B III Director | Bought | 2,500 | $20.94 | $52,343 |
| 15 September 2026 | WILLIAMSON JOHN B III Director | Bought | 112 | $21.20 | $2,374 |
| 14 September 2026 | JOHNSTON ROBERT B Director | Bought | 420 | $21.06 | $8,845 |
| 14 September 2026 | WILLIAMSON JOHN B III Director | Bought | 500 | $21.32 | $10,660 |
| 10 September 2026 | JOHNSTON ROBERT B Director | Bought | 374 | $21.12 | $7,899 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Insiders have been buying together. The deep dive checks whether they know something the price doesn't.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.