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In a recent transaction reported on June 2, 2025, Lawrence T. Oliver, Vice President and Secretary of RGC Resources Inc . (NASDAQ:RGCO), acquired additional shares of the company. Oliver purchased 9.775 shares of common stock at a price of $20.46 per share, totaling approximately $199. The stock, currently trading at $20.72, has shown resilience with a 4.89% return over the past year. According to InvestingPro analysis, RGCO maintains a GOOD financial health score, with a market capitalization of $213.66 million. This acquisition was made through the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan, as noted in the filing. Following this transaction, Oliver’s direct ownership stands at 23,525.75 shares. InvestingPro data reveals that RGCO has maintained dividend payments for 32 consecutive years, with a current dividend yield of 4.01%. The company has raised its dividend for 11 straight years, demonstrating strong commitment to shareholder returns. Get access to more exclusive dividend insights and comprehensive analysis with InvestingPro.
In other recent news, RGC Resources Inc. reported impressive Q2 2025 financial results, surpassing market expectations. The company achieved earnings per share (EPS) of $0.74, exceeding the projected $0.68, and revenue of $36.46 million, above the anticipated $34 million. This performance marks a 17% year-over-year increase in net income, reaching $7.7 million, which the company attributes to increased gas margins after implementing new rates. Additionally, RGC Resources raised its EPS guidance for 2025 to a range of $1.22-$1.27, indicating confidence in continued growth. Capital expenditures saw a 5% decrease, yet the company managed to connect 359 new services and renew 1.9 miles of the main, reflecting operational efficiency. The company also experienced a 20% increase in delivered gas volumes, driven by higher consumption from an industrial customer. Analysts have noted the company’s strong performance, with firms like those involved in the earnings call showing interest in RGC Resources’ future financial strategies. Despite potential risks from inflation and interest rate fluctuations, the company continues to monitor these factors closely while considering refinancing options for its midstream debt.
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