NasdaqGM:RGCOGas Utilities
RGC Resources (RGCO) Stock Faces Margin Questions Despite Steady Quarterly Profit
RGC Resources stock inched up about 1.1% to US$21.94 after its Q3 numbers, which is a calm move for what appears to be a clear margin story. Net profit for the quarter was roughly US$0.6m on revenue of about US$17.1m, a far thinner result than the winter heavy Q2 that still anchors the trailing figures investors watch.
The market seems to be treating this as just another seasonal dip for a regulated gas utility. The key question is whether this softer quarter hints at a slow squeeze on...