NEWS RELEASE Through the first six months of fiscal 2025, the Company's net income of $12,945,897, or $1.26 per share, was up 12.9% from $11,463,382, or $1.14 per share, with similar reasons as the quarter – higher utility margin offset by lower earnings from the Company's investment in MVP and higher interest expense. In early April, the State Corporation Commission issued a final order and made permanent the negotiated rates from the Company's 2024 rate case filing. RGC Resources, Inc. provides energy and ...

Core Viewpoint - RGC Resources, Inc. reported a significant increase in earnings for the second quarter of fiscal 2025, driven by higher utility margins and base rates, despite challenges from lower earnings from affiliates and increased interest expenses [1][2]. Financial Performance - The consolidated earnings for the second quarter ended March 31, 2025, were $7,676,208, or $0.74 per share, compared to $6,443,390, or $0.63 per share for the same period in 2024, marking an increase of approximately 19.2% in net income [1][7]. - For the first six months of fiscal 2025, net income reached $12,945,897, or $1.26 per share, up 12.9% from $11,463,382, or $1.14 per share in the prior year [2][7]. - Operating revenues for the second quarter of 2025 were $36,462,097, compared to $32,659,376 in 2024, reflecting a growth of approximately 11% [7]. - Operating expenses increased to $26,062,155 in the second quarter of 2025 from $24,029,667 in 2024, resulting in an operating income of $10,399,942, up from $8,629,709 [7][8]. Operational Highlights - The utility margin increased by 12% due to cooler winter weather and higher base rates, with a notable contribution from a large industrial customer [2]. - Earnings from the investment in the MVP pipeline were $801,175 for the second quarter of 2025, down from $1,229,384 in the same quarter of 2024, attributed to the completion of the construction phase [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 [3]. Balance Sheet Insights - As of March 31, 2025, total assets were $326,421,287, an increase from $313,359,530 in 2024 [10]. - Current liabilities rose significantly to $45,489,019 from $21,702,382, while long-term debt decreased to $115,226,622 from $135,916,887 [10]. - Stockholders' equity increased to $117,833,223 from $110,543,862, indicating a strengthening financial position [10].

ROANOKE, Va., April 24, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ:RGCO) will host its quarterly conference call and webcast to review the results of its fiscal second quarter 2025 on Thursday, May 8, 2025 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-free ...

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $5.3 million or $0.51 per share, compared to $5 million or $0.50 per share in Q1 2024, indicating a slight increase in profitability [12] - Equity in earnings from unconsolidated affiliates was $854,000 pre-tax, down from $1.5 million in the same quarter last year, reflecting a change in revenue recognition due to operational differences [12][13] - Interest expense increased by $143,000 compared to the same quarter last year, attributed to higher average balances and interest rates [13] Business Line Data and Key Metrics Changes - Main extensions and renewal activity showed strong performance with 1.1% increase in main miles and 197 new service connections, up from 185 in Q1 2024 [7] - Delivered gas volumes increased by 16% year-over-year, driven by a transportation customer increasing natural gas consumption [8] - Residential and small commercial volumes rose by 4%, supported by a 10% increase in heating degree days compared to Q1 2024 [9] Market Data and Key Metrics Changes - The company noted steady housing growth in the region, with new neighborhoods under development, which is expected to drive future service connections [18] - The economic environment is characterized by uncertainty due to recent political changes, which may have inflationary effects [22] Company Strategy and Development Direction - The company plans to maintain total capital spending at approximately $21.6 million for fiscal 2025, with potential adjustments based on conditions [21] - The company is focused on expanding its service area, particularly in Franklin County, and expects progress as winter weather subsides [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the earnings per share forecast of $1.18 to $1.25 for the fiscal year, with a clearer outlook expected after the second quarter [28] - The company has effectively managed inflationary pressures through recent rate cases, which are expected to mitigate some cost increases [23][26] - The management highlighted the successful performance of the system during extreme cold weather, with no customer outages reported [29] Other Important Information - The company is in discussions with lenders regarding refinancing a $25 million non-revolving line of credit, with positive feedback anticipated [14] - The company expects to renew its Roanoke Gas line of credit in the upcoming month [15] Q&A Session Summary Question: What is the outlook for the company's growth in the current economic environment? - Management acknowledged economic uncertainty but emphasized the solid footing of the local market and growth opportunities in the Roanoke region [30] Question: How is the company addressing inflationary pressures? - Management noted that back-to-back rate cases have helped manage inflationary pressures, with stipulated rates capturing much of the current inflation [23][26] Question: What are the expectations for capital spending in fiscal 2025? - Management confirmed that total capital spending is expected to remain in the range of $21.5 million to $22 million, with potential adjustments based on conditions [21]

RGC Resources Inc. (RGCO) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.01, delivering a surprise of 200%.Over the last four quarters, the company has s ...

Exhibit 99.1 NEWS RELEASE Release Date: February 10, 2025 Contact: Timothy J. Mulvaney Vice President, Treasurer and CFO Telephone: (540) 777-3997 RGC RESOURCES, INC. REPORTS FIRST QUARTER EARNINGS ROANOKE, Va. (February 10, 2025)--RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $5,269,689, or $0.51 per share, for the first quarter ended December 31, 2024, compared to $5,019,992, or $0.50 per share, for the fiscal quarter ended December 31, 2023. Higher utility margin reflected ...

ROANOKE, Va., Feb. 10, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ:RGCO) announced consolidated Company earnings of $5,269,689, or $0.51 per share, for the first quarter ended December 31, 2024, compared to $5,019,992, or $0.50 per share, for the fiscal quarter ended December 31, 2023. Higher utility margin reflected the new base rates that went into effect July 1, 2024 and was offset by lower equity earnings from unconsolidated affiliate and higher interest expense. Roanoke Gas continued investing ...

Table of Contents OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Transition Period From to Commission File Number 000-26591 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarterly Period Ended December 31, 2024 RGC Resources, Inc. (Exact name of Registrant as Specified in its Charter) Virginia 54-1909697 (State or Othe ...

ROANOKE, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal first quarter 2025 on Tuesday, February 11, 2025 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 ...

Corporate Governance - RGC Resources, Inc. held its annual shareholders meeting on January 27, 2025, where shareholders elected Abney S. Boxley III, Elizabeth A. McClanahan, and John B. Williamson III as directors for three-year terms [1] - Following the shareholders meeting, John B. Williamson III was elected Chairman of the Board, and Paul W. Nester was elected President and CEO of RGC Resources, Inc. [2] - The company also elected several senior officers, including Timothy J. Mulvaney as Vice President, CFO, and Treasurer, and Lawrence T. Oliver as Senior Vice President, Regulatory and External Affairs and Secretary [2] Subsidiary Operations - RGC Resources, Inc. operates through its subsidiaries, including Roanoke Gas Company and RGC Midstream, LLC, providing energy and related products and services to customers in Virginia [3]