Latest news with #Q32024
Yahoo
5 days ago
- Business
- Yahoo
RGC Resources Inc (RGCO) Q3 2025 Earnings Call Highlights: Strong Growth in Net Income and Gas ...
Net Income (Q3 2025): $538,000 or $0.05 per share, compared to $157,000 or $0.02 per share in Q3 2024. Year-to-Date Net Income (2025): $13.5 million or $1.31 per share, a 16% increase from $1.15 per share in the same period of 2024. Delivered Gas Volumes (Q3 2025): Increased by 6% compared to Q3 2024. Year-to-Date Delivered Gas Volumes (2025): Increased by 15% compared to 2024. Capital Expenditures (Year-to-Date 2025): $15.7 million, down approximately 5% from the same period in 2024. New Main Miles Installed (2025): 3.9 miles, 50% higher than the total installed in fiscal 2024. New Services Connected (2025): 541 new services through June 30. Roanoke Gas Margins: Higher base rates contributed to increased margins. Interest Expense: Lower in the current quarter compared to the prior year. Balance Sheet: Strong, with renewed Roanoke Gas line of credit and increased maximum availability to $30 million. Debt Refinancing: New note for Midstream debt at SOFR plus 1.55%, with plans to swap to a fixed rate. Full-Year Earnings Per Share Forecast (2025): $1.22 to $1.27, with an anticipated modest net loss in Q4. Warning! GuruFocus has detected 9 Warning Signs with RGCO. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points RGC Resources Inc (NASDAQ:RGCO) experienced strong main extensions and steady renewal activity, with 3.9 new main miles installed, a 50% increase over the previous year. The company reported a 6% increase in total delivered gas volumes for the quarter, driven by high consumption from an industrial customer. Net income for the first nine months of fiscal 2025 increased by 16% compared to the same period in 2024, reaching $13.5 million or $1.31 per share. RGC Resources Inc (NASDAQ:RGCO) successfully refinanced its Midstream debt, securing a new seven-year note with favorable interest rates, providing financial stability. The company is benefiting from regional economic development, including a significant investment by Google, which is expected to drive future growth opportunities. Negative Points Residential and commercial gas volumes were slightly down compared to the same quarter in the prior year. The company anticipates a modest net loss in the fourth quarter due to weather-sensitive revenue and earnings being concentrated in the first and second quarters. Capital expenditure for the year is expected to be lower than the previous year, with some planned investments pushed to fiscal 2026. Inflation and higher interest rates continue to impact the company's expenses, with contract renewals exceeding national inflation rates. The Franklin County expansion has been delayed, with capital investment allocation moved to fiscal 2026. Q & A Highlights Q: Looking at the 2025 capital forecast, with minimal MVP growth this year and the refinancing, do you expect MVP growth to increase in 2026? Also, will Google-related investments lead to increased customer growth and system expansion? A: Yes, we expect MVP growth to be significantly higher in 2026, particularly with the Franklin County expansion. Our SAVE Rider spending will likely remain consistent, and customer growth could increase, especially with developments like Google's. We're optimistic about maintaining or improving customer growth and system expansion next year. (Paul Nester, President & CEO) Q: Is there significant growth opportunity along existing mains due to higher electricity rates in the region? A: Yes, we actively conduct saturation studies to identify potential customers along existing mains. The increase in electricity rates, driven by factors like the Virginia Clean Economy Act, has led to steady conversions to natural gas. We expect this trend to continue, as electricity rates are unlikely to decrease soon. (Paul Nester, President & CEO) Q: Can you provide more details on the refinancing agreement for Midstream's debt? A: We reached an agreement with two banks for a new note to refinance all Midstream-related debt. This seven-year note will carry interest at SOFR plus 1.55%, and we plan to swap the variable rate to a fixed rate. This refinancing positions us well for future investments and manageable amortization. (Timothy Mulvaney, CFO) Q: How is the economic development in the region impacting RGC Resources? A: The recent Google announcement is a significant development for the region, likely the largest investment ever made here. We continue to work with localities and the Roanoke Regional Partnership on various opportunities. The operational MVP pipeline is generating interest across industries, enhancing our position in the region. (Paul Nester, President & CEO) Q: What are the expectations for the fourth quarter and full-year earnings? A: We anticipate a modest net loss in the fourth quarter due to weather-sensitive volumes. However, we maintain our full-year earnings per share range of $1.22 to $1.27. We continue to monitor inflation and interest rates while managing expenses prudently. (Paul Nester, President & CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤
Yahoo
5 days ago
- Business
- Yahoo
RGC Resources Inc (RGCO) Q3 2025 Earnings Call Highlights: Strong Growth in Net Income and Gas ...
Net Income (Q3 2025): $538,000 or $0.05 per share, compared to $157,000 or $0.02 per share in Q3 2024. Year-to-Date Net Income (2025): $13.5 million or $1.31 per share, a 16% increase from $1.15 per share in the same period of 2024. Delivered Gas Volumes (Q3 2025): Increased by 6% compared to Q3 2024. Year-to-Date Delivered Gas Volumes (2025): Increased by 15% compared to 2024. Capital Expenditures (Year-to-Date 2025): $15.7 million, down approximately 5% from the same period in 2024. New Main Miles Installed (2025): 3.9 miles, 50% higher than the total installed in fiscal 2024. New Services Connected (2025): 541 new services through June 30. Roanoke Gas Margins: Higher base rates contributed to increased margins. Interest Expense: Lower in the current quarter compared to the prior year. Balance Sheet: Strong, with renewed Roanoke Gas line of credit and increased maximum availability to $30 million. Debt Refinancing: New note for Midstream debt at SOFR plus 1.55%, with plans to swap to a fixed rate. Full-Year Earnings Per Share Forecast (2025): $1.22 to $1.27, with an anticipated modest net loss in Q4. Warning! GuruFocus has detected 9 Warning Signs with RGCO. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points RGC Resources Inc (NASDAQ:RGCO) experienced strong main extensions and steady renewal activity, with 3.9 new main miles installed, a 50% increase over the previous year. The company reported a 6% increase in total delivered gas volumes for the quarter, driven by high consumption from an industrial customer. Net income for the first nine months of fiscal 2025 increased by 16% compared to the same period in 2024, reaching $13.5 million or $1.31 per share. RGC Resources Inc (NASDAQ:RGCO) successfully refinanced its Midstream debt, securing a new seven-year note with favorable interest rates, providing financial stability. The company is benefiting from regional economic development, including a significant investment by Google, which is expected to drive future growth opportunities. Negative Points Residential and commercial gas volumes were slightly down compared to the same quarter in the prior year. The company anticipates a modest net loss in the fourth quarter due to weather-sensitive revenue and earnings being concentrated in the first and second quarters. Capital expenditure for the year is expected to be lower than the previous year, with some planned investments pushed to fiscal 2026. Inflation and higher interest rates continue to impact the company's expenses, with contract renewals exceeding national inflation rates. The Franklin County expansion has been delayed, with capital investment allocation moved to fiscal 2026. Q & A Highlights Q: Looking at the 2025 capital forecast, with minimal MVP growth this year and the refinancing, do you expect MVP growth to increase in 2026? Also, will Google-related investments lead to increased customer growth and system expansion? A: Yes, we expect MVP growth to be significantly higher in 2026, particularly with the Franklin County expansion. Our SAVE Rider spending will likely remain consistent, and customer growth could increase, especially with developments like Google's. We're optimistic about maintaining or improving customer growth and system expansion next year. (Paul Nester, President & CEO) Q: Is there significant growth opportunity along existing mains due to higher electricity rates in the region? A: Yes, we actively conduct saturation studies to identify potential customers along existing mains. The increase in electricity rates, driven by factors like the Virginia Clean Economy Act, has led to steady conversions to natural gas. We expect this trend to continue, as electricity rates are unlikely to decrease soon. (Paul Nester, President & CEO) Q: Can you provide more details on the refinancing agreement for Midstream's debt? A: We reached an agreement with two banks for a new note to refinance all Midstream-related debt. This seven-year note will carry interest at SOFR plus 1.55%, and we plan to swap the variable rate to a fixed rate. This refinancing positions us well for future investments and manageable amortization. (Timothy Mulvaney, CFO) Q: How is the economic development in the region impacting RGC Resources? A: The recent Google announcement is a significant development for the region, likely the largest investment ever made here. We continue to work with localities and the Roanoke Regional Partnership on various opportunities. The operational MVP pipeline is generating interest across industries, enhancing our position in the region. (Paul Nester, President & CEO) Q: What are the expectations for the fourth quarter and full-year earnings? A: We anticipate a modest net loss in the fourth quarter due to weather-sensitive volumes. However, we maintain our full-year earnings per share range of $1.22 to $1.27. We continue to monitor inflation and interest rates while managing expenses prudently. (Paul Nester, President & CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
IAC Inc. (IAC): A Bull Case Theory
We came across a bullish thesis on IAC Inc. on High Growth Investing's Substack by Stefan Waldhauser. In this article, we will summarize the bulls' thesis on IAC. IAC Inc.'s share was trading at $ 37.14 as of June 20th. Please note that the original thesis was published in November. A closeup of a digital newsroom, highlighting the complexity of the modern media landscape. IAC, a long-standing holding in the author's model portfolio, continues to trade well below intrinsic value, with shares at $47 and a $4.0 billion market cap following its Q3 2024 report. The planned 2025 spin-off of Angi, IAC's home services platform, represents the company's 10th such move and will distribute roughly 5 Angi shares per IAC share. Despite Angi's recent 30% price drop, restructuring efforts under new CEO Jeff Kip have stabilized the business, with an expected 2024 EBITDA of $130–150 million. Still, Angi trades at a steep discount to its improving fundamentals. IAC's 21.8% stake in MGM—worth ~$2.4 billion—is now its largest asset, growing due to MGM's ongoing buybacks. This alone nearly covers IAC's market cap when combined with $1.1 billion in cash. Thus, all other holdings are effectively valued at zero. Yet, the unlisted portfolio is substantial. Dotdash Meredith, post-merger with Meredith, is recovering, with 2024 EBITDA projected at $300 million; it could be worth ~$2.2 billion. Turo, the car-sharing leader, may IPO at a $3 billion+ valuation, valuing IAC's 32% stake at ~$1 billion. Care, acquired in 2020 and profitable, is conservatively valued at $500 million. Vivian Health, EmployBridge shares, and legacy search assets could be worth another $200 million. Collectively, the unlisted assets are estimated at $3.9 billion, implying ~$46/share in hidden value. The Angi spin-off may reduce structural complexity and better showcase this mispricing. With potential catalysts in 2025, including the Turo IPO or exit, the author remains confident that IAC is primed for a swift re-rating once the market acknowledges its sum-of-the-parts value. Previously, we covered a bullish thesis on IAC Inc. by Boyar Research in February 2025, which highlighted the company's proven spin-off strategy, management reshuffle, and a renewed focus on capital allocation amid ongoing turnarounds at Angi and Dotdash Meredith. The company's stock price has depreciated approximately 20% since our coverage. This is because Angi's underperformance and market skepticism on restructuring masked the sum-of-the-parts value. The thesis still stands as the spin-off and improved fundamentals at core holdings continue to signal long-term upside. Stefan Waldhauser shares a similar view but emphasizes the extreme undervaluation of IAC's unlisted assets and the potential re-rating post-Angi spin-off and Turo's IPO. IAC Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held IAC at the end of the first quarter, which was 54 in the previous quarter. While we acknowledge the risk and potential of IAC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.
Yahoo
15-06-2025
- Business
- Yahoo
The Average Salary of People With and Without an MBA
Although there are many factors that contribute to building wealth, education level is one of the most important. While getting an advanced degree like an MBA doesn't guarantee increased wealth, there's a clear correlation between education and net worth. Certainly, an MBA is a big commitment, requiring two years of additional professional schooling along with tens of thousands of dollars of investment. But as noted billionaire Warren Buffett has often said, 'the best investment you can make is in yourself.' Here's a look at the average salary of people with and without an MBA. Find Out: Discover More: In most cases, a high school degree is the bare minimum level of education for getting a decent-paying job. However, many of the top-paying jobs remain out of reach unless you obtain at least a bachelor's degree. According to the Bureau of Labor Statistics, as of Q3 2024, the average salary of those with a high school degree was $946 per week. That translates to about $49,192 per year, or roughly $24.59 per hour based on a 2,000-hour work year. Read Next: Getting a college degree is one of the most important steps to earning a higher salary. Many of the better-paying jobs require a college degree just to get in the door, although that is not always the case. Nonetheless, BLS statistics show that workers with a college degree earn 62% more than those with only a high school degree, on average. The average weekly salary of $1,533 for college graduates means they earn $79,716 per year, or about $39.86 per hour. If you're looking for the highest possible salary, a graduate degree can kick up your earnings even more. An MBA, which can help prepare you for a career in high-paying finance, is a good path for those looking to maximize their earnings. But an MBA isn't a generic thing. You can use an MBA to get a job in many different industries and specialties, from management to underwriting to financial analysis and more. And where you live can also play a big role in how much you can make after you earn your MBA. On average, you should expect to earn between $100,000 and $120,000 as a starting salary for a job requiring an MBA, or roughly $1,923 to $2,307 per week. That amounts to an hourly rate of between $50 and $60. It's important to note that averages are just averages, and individual circumstances can vary greatly. Just because you only have a high school diploma doesn't automatically mean that you can't find a high-paying job. In fact, over time you could likely earn six figures as a mechanic, plumber or police detective with just a high school diploma. But in aggregate, the higher the level of your education, the more likely it is that you can earn a significant salary. This is particularly true if you get a graduate-level degree like an MBA. More From GOBankingRates 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on The Average Salary of People With and Without an MBA Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-06-2025
- Business
- Yahoo
The Average Salary of People With and Without an MBA
Although there are many factors that contribute to building wealth, education level is one of the most important. While getting an advanced degree like an MBA doesn't guarantee increased wealth, there's a clear correlation between education and net worth. Certainly, an MBA is a big commitment, requiring two years of additional professional schooling along with tens of thousands of dollars of investment. But as noted billionaire Warren Buffett has often said, 'the best investment you can make is in yourself.' Here's a look at the average salary of people with and without an MBA. Find Out: Discover More: In most cases, a high school degree is the bare minimum level of education for getting a decent-paying job. However, many of the top-paying jobs remain out of reach unless you obtain at least a bachelor's degree. According to the Bureau of Labor Statistics, as of Q3 2024, the average salary of those with a high school degree was $946 per week. That translates to about $49,192 per year, or roughly $24.59 per hour based on a 2,000-hour work year. Read Next: Getting a college degree is one of the most important steps to earning a higher salary. Many of the better-paying jobs require a college degree just to get in the door, although that is not always the case. Nonetheless, BLS statistics show that workers with a college degree earn 62% more than those with only a high school degree, on average. The average weekly salary of $1,533 for college graduates means they earn $79,716 per year, or about $39.86 per hour. If you're looking for the highest possible salary, a graduate degree can kick up your earnings even more. An MBA, which can help prepare you for a career in high-paying finance, is a good path for those looking to maximize their earnings. But an MBA isn't a generic thing. You can use an MBA to get a job in many different industries and specialties, from management to underwriting to financial analysis and more. And where you live can also play a big role in how much you can make after you earn your MBA. On average, you should expect to earn between $100,000 and $120,000 as a starting salary for a job requiring an MBA, or roughly $1,923 to $2,307 per week. That amounts to an hourly rate of between $50 and $60. It's important to note that averages are just averages, and individual circumstances can vary greatly. Just because you only have a high school diploma doesn't automatically mean that you can't find a high-paying job. In fact, over time you could likely earn six figures as a mechanic, plumber or police detective with just a high school diploma. But in aggregate, the higher the level of your education, the more likely it is that you can earn a significant salary. This is particularly true if you get a graduate-level degree like an MBA. More From GOBankingRates How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on The Average Salary of People With and Without an MBA
