2023 Q2 Form 10-Q Financial Statement

#000143774923012774 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $13.66M $38.03M
YoY Change -20.86% 28.78%
Cost Of Revenue $5.008M $21.29M
YoY Change -45.73% 42.61%
Gross Profit $8.652M $16.74M
YoY Change 7.73% 14.65%
Gross Profit Margin 63.34% 44.02%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.477M $2.477M
YoY Change 8.79% 6.43%
% of Gross Profit 28.63% 14.8%
Operating Expenses $6.854M $7.149M
YoY Change 7.24% -0.13%
Operating Profit $1.798M $9.591M
YoY Change 9.65% 28.86%
Interest Expense $1.424M $1.396M
YoY Change -229.18% 26.45%
% of Operating Profit 79.15% 14.55%
Other Income/Expense, Net $6.725K $121.8K
YoY Change -96.96% -64.64%
Pretax Income $901.1K $8.320M
YoY Change 18.67% -125.11%
Income Tax $214.3K $1.978M
% Of Pretax Income 23.78% 23.78%
Net Earnings $686.8K $6.342M
YoY Change 15.91% -125.89%
Net Earnings / Revenue 5.03% 16.68%
Basic Earnings Per Share $0.07 $0.64
Diluted Earnings Per Share $0.07 $0.64
COMMON SHARES
Basic Shares Outstanding 9.925M 9.911M
Diluted Shares Outstanding 9.943M 9.919M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.181M $6.626M
YoY Change -62.49% -29.75%
Cash & Equivalents $5.181M $6.626M
Short-Term Investments
Other Short-Term Assets $1.125M $1.853M
YoY Change -81.57% -59.32%
Inventory $9.941M $6.330M
Prepaid Expenses
Receivables $4.675M $10.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.75M $32.36M
YoY Change -27.63% -0.49%
LONG-TERM ASSETS
Property, Plant & Equipment $243.1M $239.3M
YoY Change 8.45% 9.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.63M $15.10M
YoY Change -44.52% -44.74%
Other Assets $25.92M $24.81M
YoY Change 139.03% -33.19%
Total Long-Term Assets $269.0M $264.1M
YoY Change 2.23% 3.23%
TOTAL ASSETS
Total Short-Term Assets $25.75M $32.36M
Total Long-Term Assets $269.0M $264.1M
Total Assets $294.8M $296.5M
YoY Change -1.33% 2.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.680M $7.178M
YoY Change -37.72% 23.56%
Accrued Expenses $3.320M $3.037M
YoY Change 16.99% 7.27%
Deferred Revenue $1.141M $743.4K
YoY Change 8.85%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.10M $25.10M
YoY Change 1133.33% 27.38%
Total Short-Term Liabilities $27.25M $43.63M
YoY Change 29.38% 19.29%
LONG-TERM LIABILITIES
Long-Term Debt $126.3M $112.8M
YoY Change -3.08% 7.56%
Other Long-Term Liabilities $293.5K $39.78M
YoY Change -99.18% -4.1%
Total Long-Term Liabilities $126.5M $152.5M
YoY Change -23.81% 4.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.25M $43.63M
Total Long-Term Liabilities $126.5M $152.5M
Total Liabilities $153.8M $196.2M
YoY Change -20.38% 7.26%
SHAREHOLDERS EQUITY
Retained Earnings $4.937M $6.225M
YoY Change -59.03%
Common Stock $94.23M $92.75M
YoY Change 3.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $100.9M $100.3M
YoY Change
Total Liabilities & Shareholders Equity $294.8M $296.5M
YoY Change -1.33% 2.81%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $686.8K $6.342M
YoY Change 15.91% -125.89%
Depreciation, Depletion And Amortization $2.477M $2.477M
YoY Change 8.79% 6.43%
Cash From Operating Activities $6.669M $19.39M
YoY Change -1.99% 17.25%
INVESTING ACTIVITIES
Capital Expenditures $6.517M $5.321M
YoY Change -197.68% -205.97%
Acquisitions
YoY Change
Other Investing Activities -$596.7K -$680.3K
YoY Change -22.73% -52.24%
Cash From Investing Activities -$7.114M -$6.002M
YoY Change -4.44% -6.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.000M -9.996M
YoY Change -119.92% 314.52%
NET CHANGE
Cash From Operating Activities 6.669M 19.39M
Cash From Investing Activities -7.114M -6.002M
Cash From Financing Activities -1.000M -9.996M
Net Change In Cash -1.445M 3.392M
YoY Change -132.99% -55.84%
FREE CASH FLOW
Cash From Operating Activities $6.669M $19.39M
Capital Expenditures $6.517M $5.321M
Free Cash Flow $151.8K $14.07M
YoY Change -98.87% -34.74%

Facts In Submission

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CY2021Q4 rgco Debt Instruments Overall Maximum Borrowing Capacity
DebtInstrumentsOverallMaximumBorrowingCapacity
41000000 usd
CY2021Q4 rgco Debt Instruments Overall Maximum Borrowing Capacity
DebtInstrumentsOverallMaximumBorrowingCapacity
33000000 usd
CY2021Q4 rgco Debt Instruments Overall Maximum Borrowing Capacity
DebtInstrumentsOverallMaximumBorrowingCapacity
33000000 usd
CY2022Q1 rgco Debt Instruments Overall Maximum Borrowing Capacity
DebtInstrumentsOverallMaximumBorrowingCapacity
23000000 usd
CY2023Q1 us-gaap Unsecured Debt
UnsecuredDebt
138125000 usd
CY2022Q3 us-gaap Unsecured Debt
UnsecuredDebt
137271200 usd
CY2023Q1 rgco Long Term Debt Gross Excluding Current Maturities
LongTermDebtGrossExcludingCurrentMaturities
113025000 usd
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
262955 usd
CY2022Q3 rgco Long Term Debt Gross Excluding Current Maturities
LongTermDebtGrossExcludingCurrentMaturities
135971200 usd
CY2022Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
275911 usd
rgco Debt Instrument Debt Covenant Ratio Of Longterm Debt To Total Capitalization Maximum
DebtInstrumentDebtCovenantRatioOfLongtermDebtToTotalCapitalizationMaximum
0.65 pure
rgco Debt Instrument Debt Covenant Ratio Of Priority Debt To Total Assets Maximum
DebtInstrumentDebtCovenantRatioOfPriorityDebtToTotalAssetsMaximum
0.15 pure
rgco Debt Instrument Debt Covenant Interest Coverage Ratio
DebtInstrumentDebtCovenantInterestCoverageRatio
1.5 pure
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-260544 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-67065 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-193479 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
419712 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-108034 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
311678 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-175099 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-505157 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-19703 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
5072 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-14631 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-660553 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-170027 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-490526 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1903875 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
490057 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1413818 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-163860 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
42179 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-121681 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
2067735 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
532236 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1535499 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
15070 usd
rgco Number Of Pipelines
NumberOfPipelines
2 pure
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6341886 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-24494429 usd
us-gaap Net Income Loss
NetIncomeLoss
9598291 usd
us-gaap Net Income Loss
NetIncomeLoss
-20909900 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9911202
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8486518
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9870259
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8434689
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7506
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7242
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2023Q1 us-gaap Revenues
Revenues
38029657 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2419541 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
9591422 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2867 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
1395862 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8320251 usd
CY2022Q1 us-gaap Revenues
Revenues
29529683 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2268704 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7443388 usd
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-445 usd
CY2022Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
39822213 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
1103844 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-33138604 usd
us-gaap Revenues
Revenues
71311992 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4839082 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
15135907 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4099 usd
us-gaap Interest Expense
InterestExpense
2765026 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12571410 usd
us-gaap Revenues
Revenues
52792763 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4539398 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
12821811 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
71682 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
39822213 usd
us-gaap Interest Expense
InterestExpense
2208700 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28470471 usd
CY2023Q1 us-gaap Assets
Assets
296452222 usd
CY2022Q3 us-gaap Assets
Assets
290309243 usd
CY2023Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
3149676 usd
CY2022Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
1877468 usd
CY2023Q1 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
11945 usd
CY2022Q3 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
11945 usd
CY2023Q1 rgco Public Utilities Property Plant And Equipment Construction Work In Progress Allowance For Funds Used During Construction
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgressAllowanceForFundsUsedDuringConstruction
659650 usd
CY2022Q3 rgco Public Utilities Property Plant And Equipment Construction Work In Progress Allowance For Funds Used During Construction
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgressAllowanceForFundsUsedDuringConstruction
461342 usd
CY2023Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
5357937 usd
CY2022Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
5446547 usd
CY2023Q1 us-gaap Regulatory Assets
RegulatoryAssets
9179208 usd
CY2022Q3 us-gaap Regulatory Assets
RegulatoryAssets
7797302 usd
CY2023Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
3390704 usd
CY2022Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
3168066 usd
CY2023Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
10468057 usd
CY2022Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
10204079 usd
CY2023Q1 rgco Regulatory Cost Of Retirement Obligations
RegulatoryCostOfRetirementObligations
12649167 usd
CY2022Q3 rgco Regulatory Cost Of Retirement Obligations
RegulatoryCostOfRetirementObligations
12277796 usd
CY2023Q1 rgco Regulatory Liabilities And Asset Retirement Obligations Noncurrent
RegulatoryLiabilitiesAndAssetRetirementObligationsNoncurrent
36093925 usd
CY2022Q3 rgco Regulatory Liabilities And Asset Retirement Obligations Noncurrent
RegulatoryLiabilitiesAndAssetRetirementObligationsNoncurrent
35704999 usd
CY2023Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
39484629 usd
CY2022Q3 us-gaap Regulatory Liabilities
RegulatoryLiabilities
38873065 usd
CY2023Q1 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
9167263 usd
CY2022Q3 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
7785357 usd

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