Filing Flows › RGC Resources (RGCO) › Q2 FY25
RGC Resources (RGCO) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
RGC Resources (RGCO) reported revenue of $36.5M for the second quarter fiscal 2025 (Q2 FY25), +12% from a year earlier and +34% from the quarter before. Operating margin was 28.5%, net earnings $7.7M (21.1% of revenue).
RGC Resources, Q2 FY25: revenue $36.5M (+12% year over year), operating margin 28.5%, net earnings $7.7M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.5M | +34% | +12% |
| Operating profit | $10.4M | +42% | +21% |
| Net earnings | $7.7M | +46% | +19% |
| Operating cash flow | $21.0M | 25× | +79% |
| Free cash flow | $16.1M | — | +178% |
What changed
Revenue was $36.5M in Q2 FY25, up 12% year over year and up 34% from the previous quarter. Gas Utility was the largest line at 100% of revenue. Gas Utility added $3.8M year over year (up 12%), 100% of the total change. Non-utility declined 3%.
Operating profit was $10.4M, a 28.5% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 26% margin then. Total costs grew 8% against revenue growth of 12%. Net earnings were $7.7M, up 19% year over year. The effective tax rate was 23.5%.
Operating cash flow was $21.0M (up 79% year over year), 274% of net earnings. Non-cash charges added back $2.9M of depreciation and amortization and $331K of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $4.9M left free cash flow of $16.1M.
Questions
What was RGC Resources' revenue in the second quarter fiscal 2025?
RGC Resources (RGCO) reported revenue of $36.5M for the second quarter fiscal 2025 (Q2 FY25), +12% from a year earlier and +34% from the quarter before.
Was RGC Resources profitable in the second quarter fiscal 2025?
Operating profit was $10.4M (28.5% of revenue) and net earnings $7.7M.
Source: RGC Resources 10-Q on SEC EDGAR.