Financial Performance - RGC Resources, Inc. reported consolidated earnings of $4.9 million, or $0.47 per share, for Q1 2026, a decrease from $5.3 million, or $0.51 per share, in Q1 2025[2] - Operating revenues increased to $30.26 million in Q1 2026 from $27.29 million in Q1 2025, reflecting a growth of approximately 7.3%[8] - Operating expenses rose to $23.71 million in Q1 2026, up from $19.96 million in Q1 2025, indicating an increase of about 18.0%[8] - Cash dividends per common share increased to $0.2175 in Q1 2026 from $0.2075 in Q1 2025, representing a growth of approximately 9.6%[8] Rate Case and Revenue - The company filed a rate case seeking $4.3 million in additional annualized revenue to address higher costs, with interim rates effective January 1, 2026[2] Assets and Liabilities - Total assets as of December 31, 2025, were $341.04 million, a slight increase from $335.17 million in 2024[10] - Current liabilities decreased significantly to $40.10 million in Q1 2026 from $64.32 million in Q1 2025, a reduction of about 37.6%[10] - Long-term debt increased to $137.99 million in Q1 2026 from $111.34 million in Q1 2025, reflecting an increase of approximately 24.0%[10] Customer Growth and Infrastructure - The company emphasized continued customer growth and infrastructure investments, with a focus on system reliability[3] - CEO Paul Nester noted that customer growth was supported by new housing and a higher-than-normal number of reconnections this quarter[3]

ROANOKE, Va., Feb. 05, 2026 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $4.9 million, or $0.47 per share, for the first quarter ended December 31, 2025, compared to $5.3 million, or $0.51 per share, for the first quarter ended December 31, 2024. The decrease reflected flat margins and higher costs for personnel, IT, property taxes and depreciation, which were partially offset by lower interest expense. The Company filed a rate case in early December seek ...

RGC Resources logo Key Points With an 82.68% turnout (8,558,392 of 10,350,531 shares), shareholders elected Class B directors Jacqueline L. Archer, Frank Russell Ellett and Robert Johnston, with 6,968,792 votes in favor. Shareholders ratified Deloitte & Touche LLP as auditors for fiscal 2026 (8,534,492 for, 19,687 against). Stockholders authorized an additional 50,000 common shares for the company’s stock bonus plan and approved a non-binding advisory vote on executive compensation (for: 7,100,740 a ...

ROANOKE, Va., Jan. 28, 2026 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal first quarter 2026 on Tuesday, February 10, 2026 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/. Interested parties may access the conference call by dialing toll-f ...

Financial Data and Key Metrics Changes - As of the record date, there were 10,350,531 shares outstanding, with 8,558,392 shares, or 82.68%, voted [8] - The shareholders ratified the appointment of Deloitte & Touche LLP as auditors for 2026 with 8,534,492 votes in favor [15][16] Business Line Data and Key Metrics Changes - Proposal three authorized an additional 50,000 common shares for issuance under the stock bonus plan, with 7,100,740 votes in favor [18][19] Company Strategy and Development Direction - The company is focused on maintaining strong governance and has recognized the contributions of retiring directors, indicating a commitment to continuity and stability in leadership [24][28] Management's Comments on Operating Environment and Future Outlook - The company encourages participation in its upcoming earnings call scheduled for February 10, which will review first-quarter results and provide an outlook for fiscal year 2026, suggesting a proactive approach to communication with shareholders [30] Other Important Information - The meeting acknowledged the passing of a former board member, highlighting the company's respect for its history and leadership [5] - Resolutions of appreciation were passed for retiring directors, indicating a culture of valuing long-term service and contributions [24][28] Q&A Session Summary - No questions were submitted during the Q&A session, indicating either a lack of inquiries from shareholders or satisfaction with the information provided [30]

Financial Data and Key Metrics Changes - As of the record date, there were 10,350,531 shares outstanding, with 8,558,392 shares, or 82.68%, voted [8] Business Line Data and Key Metrics Changes - No specific data on business lines or key metrics changes was provided in the meeting Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The company is focused on maintaining strong governance with the election of Class B directors and the ratification of Deloitte & Touche as auditors for fiscal year 2026, indicating a commitment to transparency and accountability [10][14] - The authorization of an additional 50,000 common shares for issuance under the stock bonus plan suggests a strategy to incentivize employees and align their interests with shareholders [20] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting, but they encouraged participation in the upcoming earnings call scheduled for February 10, which will review first-quarter results and provide an outlook for fiscal year 2026 [30] Other Important Information - The meeting acknowledged the contributions of retiring directors Nancy Howell Agee and J. Allen Layman, highlighting the company's appreciation for long-term service and commitment to governance [24][28] Q&A Session All Questions and Answers - No questions were submitted during the Q&A session, and the company noted that they would attempt to answer relevant questions if any were posed [30]

Financial Data and Key Metrics Changes - As of the record date, there were 10,350,531 shares outstanding, with 8,558,392 shares, or 82.68%, voted [7] Business Line Data and Key Metrics Changes - No specific data on business lines or key metrics changes was provided in the meeting Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The company has authorized an additional 50,000 common shares for issuance under the stock bonus plan, indicating a focus on incentivizing employees and aligning their interests with shareholders [10][21] Management's Comments on Operating Environment and Future Outlook - The company encourages participation in its upcoming earnings call scheduled for February 10, which will review first-quarter results and provide an outlook for fiscal year 2026 [31] Other Important Information - The meeting recognized the contributions of retiring directors Nancy Howell Agee and J. Allen Layman, highlighting their long service and impact on the company [25][28] Q&A Session All Questions and Answers - No questions were submitted during the meeting, and therefore no responses were provided [31]

Financial Data and Key Metrics Changes - The company reported a net loss of $204,000 or $0.02 per share in Q4 2025, compared to a net income of $141,000 or $0.01 per share in the same quarter of the previous year [6][7] - For the full fiscal year 2025, net income was $13.3 million or $1.29 per share, a 15% increase from $11.8 million or $1.16 per share in fiscal 2024 [7][8] - Total capital expenditures (CapEx) for fiscal 2025 were $20.7 million, down 6% from the previous year [5][6] Business Line Data and Key Metrics Changes - The company installed nearly five main miles, which is 50% higher than the total main miles installed in fiscal 2024, and connected over 700 new services compared to approximately 630 in fiscal 2024 [2][3] - Delivered gas volumes increased by 8% in Q4 2025 compared to Q4 2024, with total volumes moving up 14% year-over-year due to colder weather and increased industrial consumption [4][5] Market Data and Key Metrics Changes - The average customer count is expected to reach approximately 65,000 by the end of the second quarter, despite seasonal disconnections [3] - Heating degree days increased by 18%, contributing to the record level of gas delivery [5] Company Strategy and Development Direction - The company is optimistic about continued customer growth in the Roanoke Valley, with a focus on healthcare and medical sector expansions [10][11] - The company filed an expedited rate case seeking a $4.3 million increase in annual revenues, expected to take effect on January 1, 2026, subject to commission review [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged inflationary pressures and higher expenses but expressed confidence in managing these challenges [6][18] - The company anticipates a more challenging fiscal 2026 compared to 2025, with a wider earnings per share guidance range due to uncertainties in volume deliveries and weather [18][19] Other Important Information - The company refinanced debt supporting its investment in the Mountain Valley Pipeline (MVP) to extend maturity to 2032 [8] - A dividend increase of $0.04 per share was authorized, reflecting strong earnings in 2025 [18] Q&A Session Summary Question: How is the weather tracking compared to last year? - Management noted that October had unusual weather patterns, but colder weather has set in recently, which is expected to positively impact gas volumes [21][22] Question: Any capital requirements from the company for EVP projects in 2026? - The CFO indicated that funding for the Boost and Southgate projects would come from refinancing, with expected investments totaling $4-$5 million over the next several years [23] Question: Updates on data centers and Google's investment in the region? - Management highlighted ongoing interest and discussions regarding data centers in Southwest Virginia, with expectations for more announcements from Google in 2026 [25][26]

Financial Data and Key Metrics Changes - The company reported a net loss of $204,000 or $0.02 per share in Q4 2025, compared to a net income of $141,000 or $0.01 per share in the same quarter of the previous year, reflecting higher expenses due to inflation [6][7] - For the full fiscal year 2025, net income was $13.3 million or $1.29 per share, a 15% increase from $11.8 million or $1.16 per share in fiscal 2024, driven by record gas deliveries and higher operating margins [8][9] Business Line Data and Key Metrics Changes - The company installed nearly five main miles of gas lines, a 50% increase from fiscal 2024, and connected over 700 new services, up from approximately 630 in fiscal 2024 [2][3] - Total gas volumes delivered increased by 8% in Q4 2025 compared to Q4 2024, with heating degree days up 18%, leading to a 14% increase in total volumes year-over-year [4][5] Market Data and Key Metrics Changes - The company expects to end the second quarter of fiscal 2026 with approximately 65,000 customers, despite seasonal disconnections during spring [3] - The company is optimistic about customer growth in the Roanoke Valley, averaging over 660 new customers per year, maintaining a steady growth rate of around 1% [11] Company Strategy and Development Direction - The company filed an expedited rate case seeking a $4.3 million increase in annual revenues, expected to take effect on January 1, 2026, subject to commission review [13][14] - The capital budget for 2026 is projected at $22 million, focusing on system renewal and expansion opportunities as they arise [15][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that fiscal 2026 is expected to be more challenging than 2025 due to inflationary pressures and uncertainty in volume deliveries [19] - The company is optimistic about ongoing projects like the Southgate and Boost projects, which are expected to enhance cash flows and overall investment value [9][12] Other Important Information - The company successfully refinanced debt supporting its investment in the Mountain Valley Pipeline, extending maturity to 2032 [8][9] - The company plans to return certain tax credits to customers over the next 12 months, which will be reflected in regulatory liabilities [13] Q&A Session Summary Question: How is the weather tracking compared to last year? - Management noted that while October had unusual weather patterns, November turned warm before becoming cold around Thanksgiving, which is expected to positively impact gas volumes [21][22] Question: Any capital requirements from the EVP projects in 2026? - The CFO indicated that the refinancing included facilities to fund investments in the Boost and Southgate projects, estimating total investment of $4-$5 million over the next several years [23] Question: Updates on data centers and Google’s investment? - Management highlighted significant investments by Google in Virginia, which may lead to more precise announcements regarding their intentions in the region in 2026 [25][26]

Core Viewpoint - RGC Resources, Inc. has declared a quarterly dividend of $0.2175 per share, marking a 4.8% increase in the annual dividend to $0.87 per share, reflecting strong fiscal performance and a commitment to long-term shareholder value [1]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly dividend of $0.2175 per share on November 24, 2025 [1]. - The indicated annual dividend is now $0.87 per share, which is a $0.04 increase over the previous annual level [1]. - This marks the 22nd consecutive year of annual dividend increases for the company [1]. Group 2: Company Performance and Strategy - The increase in the annual dividend rate is attributed to strong earnings and operational performance in fiscal 2025 [1]. - The company is focused on prudent investments in the Roanoke Gas utility and MVP expansion projects [1]. - CEO Paul Nester emphasized the commitment to delivering long-term shareholder value through this dividend increase [1]. Group 3: Dividend Payment Details - The dividend will be paid on February 2, 2026, to shareholders of record on January 16, 2026 [1]. - This is the company's 327th consecutive quarterly cash dividend [1]. Group 4: Company Overview - RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its subsidiaries, including Roanoke Gas Company and RGC Midstream, L.L.C. [2].