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RGC Resources, Inc.

NasdaqGM:RGCO Stock Report

Market Cap: US$222.1m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

RGC Resources Management

Management criteria checks 4/4

RGC Resources' CEO is Paul Nester, appointed in Feb 2020, has a tenure of 6.58 years. total yearly compensation is $1.01M, comprised of 46% salary and 54% bonuses, including company stock and options. directly owns 1.28% of the company’s shares, worth $2.83M. The average tenure of the management team and the board of directors is 3.7 years and 7.6 years respectively.

Key information

Paul Nester

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage46.02%
CEO tenure6.6yrs
CEO ownership1.3%
Management average tenure3.7yrs
Board average tenure7.6yrs

Recent management updates

Recent updates

Seeking Alpha • Aug 18

RGC Resources: More Likely To Appeal More To Income-Focused Investors

Summary RGC Resources is a micro-cap natural gas utility with limited growth prospects and a small, stable service area. RGCO's earnings growth remains sluggish, with FY 2026 guidance implying just 1.2% year-over-year EPS growth and a P/E of 15.7. The company offers a 4.04% forward dividend yield, supported by an 82-year dividend history and consistent annual payout increases. RGCO is rated Hold due to lack of catalysts for price appreciation and modest earnings growth. Read the full article on Seeking Alpha
Analysis Article • Nov 28

RGC Resources' (NASDAQ:RGCO) Dividend Will Be Increased To $0.2175

The board of RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that the dividend on 2nd of February will be increased...
Analysis Article • Oct 03

RGC Resources (NASDAQ:RGCO) Will Pay A Dividend Of $0.2075

RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will pay a dividend of $0.2075 per share on the 3rd of...
User avatar
New Narrative • Sep 07

Roanoke Developments And PJM Demand Will Fuel Future Success

Key Takeaways Strong regional development and infrastructure investments are driving growth in recurring revenue, operating efficiency, and long-term earnings stability. Expansion in natural gas demand, smart debt management, and supportive regulatory environment bolster resilience, margin health, and future financial strength.
Analysis Article • Jun 28

RGC Resources (NASDAQ:RGCO) Might Have The Makings Of A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • May 03

RGC Resources' (NASDAQ:RGCO) Dividend Will Be $0.2075

The board of RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will pay a dividend on the 1st of August, with...
Analysis Article • Apr 03

RGC Resources (NASDAQ:RGCO) Has Announced A Dividend Of $0.2075

RGC Resources, Inc.'s ( NASDAQ:RGCO ) investors are due to receive a payment of $0.2075 per share on 1st of May. This...
Analysis Article • Dec 26

RGC Resources' (NASDAQ:RGCO) Upcoming Dividend Will Be Larger Than Last Year's

The board of RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will be paying its dividend of $0.2075 on the...
Analysis Article • Dec 02

RGC Resources (NASDAQ:RGCO) Has Announced That It Will Be Increasing Its Dividend To $0.2075

RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will be increasing its periodic dividend on the 1st of...
Analysis Article • Nov 07

Calculating The Intrinsic Value Of RGC Resources, Inc. (NASDAQ:RGCO)

Key Insights The projected fair value for RGC Resources is US$24.27 based on Dividend Discount Model RGC Resources...
Analysis Article • Aug 06

RGC Resources, Inc.'s (NASDAQ:RGCO) Shareholders Might Be Looking For Exit

RGC Resources, Inc.'s ( NASDAQ:RGCO ) price-to-sales (or "P/S") ratio of 2.3x may not look like an appealing investment...
Analysis Article • Nov 04

Investors Met With Slowing Returns on Capital At RGC Resources (NASDAQ:RGCO)

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article • Oct 01

RGC Resources (NASDAQ:RGCO) Is Paying Out A Dividend Of $0.1975

RGC Resources, Inc. ( NASDAQ:RGCO ) will pay a dividend of $0.1975 on the 1st of November. This payment means that the...
Analysis Article • Jun 26

RGC Resources (NASDAQ:RGCO) Has Announced A Dividend Of $0.1975

RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will pay a dividend of $0.1975 per share on the 1st of...
Analysis Article • Jun 03

Is RGC Resources (NASDAQ:RGCO) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Apr 29

RGC Resources (NASDAQ:RGCO) Is Paying Out A Dividend Of $0.1975

RGC Resources, Inc.'s ( NASDAQ:RGCO ) investors are due to receive a payment of $0.1975 per share on 1st of August. The...
Analysis Article • Apr 26

Here's What To Make Of RGC Resources' (NASDAQ:RGCO) Decelerating Rates Of Return

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Analysis Article • Apr 05

RGC Resources (NASDAQ:RGCO) Has Announced A Dividend Of $0.1975

RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will pay a dividend of $0.1975 per share on the 1st of May...
Analysis Article • Dec 03

RGC Resources (NASDAQ:RGCO) Is Paying Out A Larger Dividend Than Last Year

The board of RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will be paying its dividend of $0.1975 on the...
Seeking Alpha • Sep 27

RGC Resources declares $0.195 dividend

RGC Resources (NASDAQ:RGCO) declared $0.195/share quarterly dividend, in line with previous. Forward yield 3.68% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See RGCO Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 08

RGC Resources GAAP EPS of $0.06, revenue of $17.26B

RGC Resources press release (NASDAQ:RGCO): Q3 GAAP EPS of $0.06. Revenue of $17.26B (+122747.0% Y/Y).
Analysis Article • Jun 18

These 4 Measures Indicate That RGC Resources (NASDAQ:RGCO) Is Using Debt Extensively

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Feb 01

RGC Resources: Lack Of Forward Growth A Concern

RGC Resources is a fairly small Virginian utility that boasts incredibly stable YOY cash flows and a growing dividend. The company is able to easily afford its dividend, which means that it can certainly continue to pay its 3.41% yield. The company is more conservatively financed than its peers, which is always an advantage. The company has a history of delivering fairly solid EPS growth but unfortunately, it does not appear likely to be able to continue this track record. The valuation appears reasonable at the current level.
Analysis Article • Jan 13

RGC Resources (NASDAQ:RGCO) Will Pay A Larger Dividend Than Last Year At US$0.20

The board of RGC Resources, Inc. ( NASDAQ:RGCO ) has announced that it will be increasing its dividend on the 1st of...

CEO Compensation Analysis

How has Paul Nester's remuneration changed compared to RGC Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$14m

Mar 31 2026n/an/a

US$14m

Dec 31 2025n/an/a

US$13m

Sep 30 2025US$1mUS$467k

US$13m

Jun 30 2025n/an/a

US$14m

Mar 31 2025n/an/a

US$13m

Dec 31 2024n/an/a

US$12m

Sep 30 2024US$1mUS$444k

US$12m

Jun 30 2024n/an/a

US$13m

Mar 31 2024n/an/a

US$13m

Dec 31 2023n/an/a

US$13m

Sep 30 2023US$1mUS$423k

US$11m

Jun 30 2023n/an/a

-US$1m

Mar 31 2023n/an/a

-US$1m

Dec 31 2022n/an/a

-US$32m

Sep 30 2022US$588kUS$408k

-US$32m

Jun 30 2022n/an/a

-US$20m

Mar 31 2022n/an/a

-US$20m

Dec 31 2021n/an/a

US$9m

Sep 30 2021US$977kUS$406k

US$10m

Jun 30 2021n/an/a

US$10m

Mar 31 2021n/an/a

US$10m

Dec 31 2020n/an/a

US$11m

Sep 30 2020US$993kUS$375k

US$11m

Jun 30 2020n/an/a

US$11m

Mar 31 2020n/an/a

US$11m

Dec 31 2019n/an/a

US$10m

Sep 30 2019US$743kUS$301k

US$9m

Compensation vs Market: Paul's total compensation ($USD1.01M) is below average for companies of similar size in the US market ($USD1.62M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


CEO

Paul Nester (51 yo)

6.6yrs
Tenure
US$1,014,851
Compensation

Mr. Paul W. Nester has been President and Chief Executive Officer of RGC Resources, Inc. since February 3, 2020 and served as its Secretary, Treasurer and Chief Financial Officer since May 2012 until Febru...


Leadership Team

NamePositionTenureCompensationOwnership
Paul Nester
President6.6yrsUS$1.01m1.28%
$ 2.8m
Timothy Mulvaney
VP,CFO & Treasurer3yrsUS$584.06k0.13%
$ 282.3k
Lawrence Oliver
Senior Vice President of Regulatory & External Affairs3.7yrsUS$554.95k0.29%
$ 642.9k
C. Miles
Vice President of Human Resources & Community Engagement3.7yrsno data0.095%
$ 212.0k
Kelsie Davenport
Director of Financeno datano datano data
3.7yrs
Average Tenure
54yo
Average Age

Experienced Management: RGCO's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Nester
President6.6yrsUS$1.01m1.28%
$ 2.8m
Thomas Crawford
Independent Director8.6yrsUS$65.35k0.14%
$ 319.6k
John Williamson
Independent Chairman of the Board28.7yrsUS$71.60k1.71%
$ 3.8m
Abney Boxley
Independent Director32.7yrsUS$78.25k0.68%
$ 1.5m
Maryellen Goodlatte
Independent Director25.7yrsUS$76.85k0.33%
$ 728.5k
Robert Johnston
Independent Director4.4yrsUS$55.85k0.63%
$ 1.4m
Frank Ellett
Directorno datano data0.15%
$ 327.3k
Jacqueline Archer
Independent Director6.6yrsUS$61.10k0.22%
$ 494.9k
Elizabeth McClanahan
Independent Director4.7yrsUS$55.85k0.051%
$ 113.2k
7.6yrs
Average Tenure
66yo
Average Age

Experienced Board: RGCO's board of directors are considered experienced (7.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 08:58
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

RGC Resources, Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matvey TaytsFreedom Broker
Mark LevinSeaport Research Partners

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