RGC Resources, Inc. Reports Third Quarter Earnings

Core Viewpoint - RGC Resources, Inc. reported significant growth in earnings for the third quarter of fiscal 2025, primarily driven by higher earnings from its investment in the Mountain Valley Pipeline, LLC (MVP) [1][2]. Financial Performance - For the third quarter ended June 30, 2025, the company achieved consolidated earnings of $538,412, or $0.05 per share, compared to $156,692, or $0.02 per share, for the same quarter in the previous year, marking a substantial increase [1]. - The net income for the first nine months of fiscal 2025 was $13,484,309, or $1.31 per share, reflecting a 16% increase from $11,620,074, or $1.15 per share, in the prior year [2]. - Operating revenues for the third quarter of 2025 were $17,264,615, up from $14,458,202 in the same quarter of 2024 [6]. - Operating expenses increased to $16,068,055 in the third quarter of 2025 from $12,900,609 in the previous year [6]. - The company reported operating income of $1,196,560 for the third quarter of 2025, compared to $1,557,593 in the same quarter of 2024 [6]. Investment and Operations - The CEO emphasized the company's commitment to creating value for shareholders and the community through safe and reliable energy provision, highlighting the success of MVP in delivering value [2]. - RGC Resources operates through its subsidiaries, Roanoke Gas Company and RGC Midstream, LLC, providing energy and related services in Virginia [3]. Balance Sheet Overview - As of June 30, 2025, total assets amounted to $324,757,993, an increase from $314,154,160 in 2024 [9]. - Current assets decreased to $21,595,712 from $25,408,031 year-over-year [9]. - Stockholders' equity rose to $116,261,318 from $108,767,792 in the previous year [9].