RGC Resources VP buys $100 in common stock

Miles Christen Brooke, the Vice President of Human Resources at RGC Resources Inc . (NASDAQ:RGCO), a utility company with a market capitalization of $213.66 million and a solid ’GOOD’ financial health rating according to InvestingPro, recently purchased common stock in the company. According to a recent SEC filing, Brooke acquired approximately 4.888 shares at a price of $20.46 per share, totaling $100. This transaction was made through the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan, a program that reinvests the company’s impressive 4.01% dividend yield. The company has maintained dividend payments for 32 consecutive years and raised them for the past 11 years, as revealed by InvestingPro analysis. Following this purchase, Brooke holds a total of 6,715.257 shares directly.

In other recent news, RGC Resources Inc. reported its Q2 2025 earnings, revealing stronger-than-expected results with earnings per share (EPS) of $0.74, surpassing the forecasted $0.68. Revenue for the quarter reached $36.46 million, exceeding the anticipated $34 million. The company also raised its EPS guidance for 2025 to a range of $1.22-$1.27, indicating confidence in continued growth. RGC Resources experienced a 17% increase in net income year-over-year, attributed to increased gas margins following new rates implemented in July 2024. Capital expenditures decreased by 5% compared to the previous year, while the company connected 359 new services and renewed 1.9 miles of main. The company noted a 20% increase in delivered gas volumes, driven by higher consumption from an industrial customer. Analysts have recognized the company’s operational efficiency and market conditions as key factors in its performance. RGC Resources is also considering refinancing $26.6 million in midstream debt, with discussions underway to explore long-term options.

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