RGC Resources Inc. (RGCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 519 KIMBALLAVENUE N.E.
ROANOKE, VA 24016
State of Incorp. VA
Fiscal Year End September 30
Industry (SIC) 4923 - Natural Gas Transmission and Distribution (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
ASSETS
Current Assets
Receivables13,1595,4354,67510,10221,0306,938
Inventory, net of allowances, customer advances and progress billings10,01811,1868,1964,87915,25216,917
Inventory10,01811,1868,1964,87915,25216,917
Prepaid expense1,0853,2281,5573,1223,2933,088
Contract with customer, asset, after allowance for credit loss 1,2401,2072,863 1,585
Derivative instruments and hedges, assets1,1231,5331,4671,1771,2591,218
Regulatory asset2,8682,8541,8083,1503151,877
Other current assets2,0796131,1251,8532,123967
Other undisclosed current assets4,4387075,7195,2144,5742,957
Total current assets:34,77026,79525,75532,36047,84535,548
Noncurrent Assets
Operating lease, right-of-use asset      
Regulated entity, other noncurrent assets239255247263261276
Other noncurrent assets29,59029,35125,92424,80625,25724,900
Other undisclosed noncurrent assets250,105247,328242,840239,023234,589229,585
Total noncurrent assets:279,933276,934269,011264,092260,107254,761
TOTAL ASSETS:314,703303,729294,766296,452307,952290,309
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,01710,5009,00010,21513,52914,184
Interest and dividends payable1,915
Accounts payable6,0585,8395,6807,17811,1258,601
Accrued liabilities2,9594,6623,3203,0372,4043,668
Deferred revenue1,8821,9721,1417431,2691,401
Debt47,10315,32911,10025,10024,7001,300
Regulatory liability2,3111,6332,5413,3916,9133,168
Other liabilities3130    
Other undisclosed current liabilities3,8533,4553,4714,18413,7532,262
Total current liabilities:64,19732,91927,25343,63260,16422,315
Noncurrent Liabilities
Long-term debt and lease obligation102,461125,845126,253112,762113,289135,695
Long-term debt, excluding current maturities102,461125,845126,253112,762113,289135,695
Liabilities, other than long-term debt, including:44,50144,23340,31339,77939,60939,208
Asset retirement obligations10,85610,79310,611   
Deferred income tax liabilities1,9592,0083,224   
Liability, pension and other postretirement and postemployment benefits7648498   
Regulatory liability17,88418,03212,821   
Other liabilities32132329439,77939,60939,208
Operating lease, liability      
Other undisclosed liabilities, other than long-term debt13,40513,02912,866   
Total noncurrent liabilities:146,962170,078166,565152,541152,898174,903
Total liabilities:211,159202,997193,818196,174213,062197,219
Equity
Equity, attributable to parent103,545100,733100,948100,27894,89093,091
Common stock50,29850,07649,99249,61749,25949,103
Additional paid in capital45,04744,43144,23843,13241,99241,479
Accumulated other comprehensive income1,2392,2531,7811,3051,7961,964
Retained earnings6,9603,9724,9376,2251,843544
Total equity:103,545100,733100,948100,27894,89093,091
TOTAL LIABILITIES AND EQUITY:314,703303,729294,766296,452307,952290,309

Income Statement (P&L) ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
Revenues24,41912,46813,66038,03033,28214,113
Cost of revenue(14,437)(7,977)(8,853)(25,380)(24,729)5,149
Gross profit:9,9824,4914,80712,6498,55319,262
Operating expenses(3,330)(3,746)(3,008)(3,058)(3,009)(18,807)
Operating income:6,6527441,7989,5915,544455
Nonoperating income
(Other Nonoperating income)
121443712275569
Interest and debt expense (1,636)(1,430)(1,424)(1,396)(1,369)(1,187)
Income (loss) from continuing operations before equity method investments, income taxes:5,137(243)3828,3174,250(163)
Income from equity method investments1,4681,561519311
Other undisclosed loss from continuing operations before income taxes     (15,270)
Income (loss) from continuing operations before income taxes:6,6041,3199018,3204,251(15,432)
Income tax expense (benefit)(1,584)(305)(214)(1,978)(995)4,017
Income (loss) from continuing operations:5,0201,0146876,3423,256(11,415)
Loss before gain (loss) on sale of properties:(11,415)
Net income (loss) available to common stockholders, diluted:5,0201,0146876,3423,256(11,415)

Comprehensive Income ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
Net income (loss):5,0201,0146876,3423,256(11,415)
Other comprehensive income (loss)(1,046)433436(530)(208) 
Other undisclosed comprehensive loss      (3,084)
Comprehensive income (loss):3,9741,4471,1235,8123,048(14,500)
Other undisclosed comprehensive income, net of tax, attributable to parent32393939393,590
Comprehensive income (loss), net of tax, attributable to parent:4,0061,4871,1635,8513,088(10,909)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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