RGC Resources(US:RGCO)2026-02-05 22:11Financial 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]