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].

Core Viewpoint - RGC Resources, Inc. will host a quarterly conference call on December 4, 2025, to discuss its fiscal fourth quarter 2025 results [1] Group 1: Conference Call Details - The conference call will take place at 9:00 a.m. eastern time [1] - Interested parties can access the call by dialing toll-free 1-877-304-9269 and entering conference identification number 917621 [2] - An archive of the webcast will be available for one year on the company's investor information page [2] Group 2: Company Overview - RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its subsidiaries Roanoke Gas Company and RGC Midstream, LLC [2]

Group 1: Earnings Performance - RGC Resources Inc. reported a quarterly loss of $0.02 per share, better than the Zacks Consensus Estimate of a loss of $0.05, representing an earnings surprise of +60.00% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - RGC Resources posted revenues of $14.32 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 2.27% and up from $13.1 million year-over-year [2] Group 2: Stock Performance and Outlook - RGC Resources shares have increased by approximately 8.7% since the beginning of the year, compared to the S&P 500's gain of 12.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $29 million, and for the current fiscal year, it is $1.31 on revenues of $97 million [7] Group 3: Industry Context - The Oil and Gas - Refining and Marketing industry, to which RGC Resources belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact RGC Resources' stock performance [5][6]

Financial Performance - RGC Resources, Inc. reported consolidated earnings of $13.3 million, or $1.29 per share, for the fiscal year ended September 30, 2025, a 12.7% increase from $11.8 million, or $1.16 per share, in the previous fiscal year[4] - For the quarter ended September 30, 2025, RGC Resources reported a net loss of $204,000, or $0.02 per share, compared to a net income of $141,000, or $0.01 per share, for the same quarter in 2024[5] - Operating revenues for the twelve months ended September 30, 2025, were $95.3 million, up 12.6% from $84.6 million in the previous year[11] - Operating expenses increased to $76.9 million for the twelve months ended September 30, 2025, compared to $67.6 million in the prior year, reflecting a 13.4% rise[11] Asset and Equity Growth - Total assets as of September 30, 2025, were $329.8 million, a 2.5% increase from $320.7 million in 2024[11] - Stockholders' equity rose to $113.6 million as of September 30, 2025, compared to $108.1 million in the previous year, indicating a 5.0% increase[11] Operational Highlights - The company achieved record levels of gas deliveries, contributing to higher operating margins, despite facing inflationary cost increases and lower equity earnings from the Mountain Valley Pipeline[4] - The company successfully refinanced and extended the maturity of RGC Midstream's debt in September 2025, enhancing financial stability[5] Dividends and Future Outlook - Cash dividends per common share increased to $0.2075 for the quarter ended September 30, 2025, compared to $0.2000 in the same quarter of 2024[11] - The company anticipates continued customer growth and infrastructure investment, although it acknowledges risks related to inflation and gas prices[7]

Core Insights - RGC Resources, Inc. reported consolidated earnings of $13.3 million, or $1.29 per share, for the fiscal year ending September 30, 2025, an increase from $11.8 million, or $1.16 per share, for the previous fiscal year, driven by record gas deliveries and higher operating margins, despite inflationary pressures and lower equity earnings from the Mountain Valley Pipeline [1][2]. Financial Performance - For the fiscal year ended September 30, 2025, operating revenues reached $95.33 million, up from $84.64 million in 2024, while operating expenses increased to $76.89 million from $67.56 million [6]. - The net loss for the quarter ended September 30, 2025, was $204,000, or $0.02 per share, compared to a net income of $141,000, or $0.01 per share, for the same quarter in 2024, attributed to higher expenses and seasonal weakness [2][6]. - The company’s equity in earnings from unconsolidated affiliates was $3.23 million for the fiscal year 2025, down from $3.85 million in 2024 [6]. Operational Highlights - RGC Resources made significant investments in utility infrastructure to enhance customer growth and system reliability, successfully delivering gas during one of the coldest winters in a decade, resulting in the highest annual gas volume delivered [2]. - The company refinanced and extended the maturity of RGC Midstream's debt in September 2025, indicating a proactive approach to managing financial obligations [2]. Balance Sheet Overview - As of September 30, 2025, total assets were $329.84 million, an increase from $320.70 million in 2024, with current assets at $23.32 million, down from $25.07 million [9]. - Total liabilities stood at $216.29 million, compared to $212.56 million in the previous year, while stockholders' equity increased to $113.55 million from $108.14 million [9].

Group 1 - RGC Resources (RGCO) is a holding company based in Virginia, operating through Roanoke Gas Company and RGC Midstream, providing energy and utility services to over 60,000 customers [1] - The company has a long-standing history of paying dividends for more than 80 years, indicating a commitment to returning value to shareholders [1]