RGC Resources, Inc. Reports First Quarter 2026 Earnings
RGC Resources (Nasdaq: RGCO) reported consolidated net income of $4.9 million, or $0.47 diluted EPS, for Q1 ended December 31, 2025, on operating revenues of $30.26 million.
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Rhea-AI Summary
RGC Resources (Nasdaq: RGCO) reported consolidated net income of $4.9 million, or $0.47 diluted EPS, for Q1 ended December 31, 2025, on operating revenues of $30.26 million.
Results reflected flat margins and higher personnel, IT, property tax and depreciation costs, partly offset by lower interest expense. The company filed a rate case in December seeking $4.3 million of additional annualized revenue; interim rates took effect January 1, 2026, subject to refund.
Positive
- Operating revenue +10.9% YoY ($30.26M vs $27.29M)
- Current liabilities down 37.6% improving near-term liquidity ($40.10M vs $64.32M)
Negative
- Long-term debt +24% (net $137.997M vs $111.336M) increasing leverage
- Operating income -10.6% ( $6.55M vs $7.33M) reflecting higher operating costs
Details
News Market Reaction – RGCO
On Feb 6, the first trading day after this news, RGCO closed 2.85% below the previous close.
Data tracked by StockTitan Argus for the Feb 6 session.
Key Figures
- Q1 2026 net income
- $4,882,865
- Three months ended December 31, 2025
- Q1 2025 net income
- $5,269,689
- Three months ended December 31, 2024
- Q1 2026 diluted EPS
- $0.47
- Three months ended December 31, 2025
- Q1 2026 operating revenues
- $30,260,468
- Three months ended December 31, 2025
- Q1 2025 operating revenues
- $27,289,486
- Three months ended December 31, 2024
- Requested rate increase
- $4.3 million
- Additional annualized revenue in pending rate case
- Cash dividend per share
- $0.2175
- Q1 dividend; prior year $0.2075
- Total assets
- $341,043,733
- Balance sheet at December 31, 2025
Previous Earnings Reports
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Announced timing and access details for Q1 2026 earnings call.
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Set date and logistics for Q4 2025 earnings conference call.
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Reported stronger Q3 2025 earnings driven by MVP investment contribution.
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Announced schedule and access for Q3 2025 earnings call.
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Reported strong Q2 FY2025 earnings with higher utility margins and revenues.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
forward-looking statements regulatory
safe harbor provision regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROANOKE, Va., Feb. 05, 2026 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of
Roanoke Gas remains focused on customer growth and enhanced system reliability and continues to make investments in its utility infrastructure. CEO Paul Nester stated, “Our distribution system performed superbly this quarter. Temperatures fluctuated significantly, averaging to colder than a year ago. However, we did not have the sustained cold period that we experienced last year as reflected in margin. Our steady customer growth has continued with new housing as well as a higher-than-normal number of reconnections this quarter.”
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC.
The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from any expectations expressed in the Company’s forward-looking statements, regarding customer growth, infrastructure investment and margins. These risks and uncertainties include inflation, gas prices and supply, geopolitical considerations, expectations regarding the rate making, MVP operation and Southgate and Boost construction, along with risks included under Item 1-A in the Company’s fiscal 2025 Form10-K. Forward-looking statements reflect the Company’s current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations.
Past performance is not necessarily a predictor of future results.
Summary financial statements for the first quarter are as follows:
| RGC Resources, Inc. and Subsidiaries | ||||||
| Condensed Consolidated Statements of Income | ||||||
| (Unaudited) | ||||||
| Three Months Ended | ||||||
| December 31, | ||||||
| 2025 | 2024 | |||||
| Operating revenues | $ | 30,260,468 | $ | 27,289,486 | ||
| Operating expenses | 23,710,131 | 19,961,465 | ||||
| Operating income | 6,550,337 | 7,328,021 | ||||
| Equity in earnings of unconsolidated affiliates | 827,070 | 854,213 | ||||
| Other income, net | 504,989 | 473,336 | ||||
| Interest expense | 1,671,150 | 1,779,930 | ||||
| Income before income taxes | 6,211,246 | 6,875,640 | ||||
| Income tax expense | 1,328,381 | 1,605,951 | ||||
| Net income | $ | 4,882,865 | $ | 5,269,689 | ||
| Net earnings per share of common stock: | ||||||
| Basic | $ | 0.48 | $ | 0.51 | ||
| Diluted | $ | 0.47 | $ | 0.51 | ||
| Cash dividends per common share | $ | 0.2175 | $ | 0.2075 | ||
| Weighted average number of common shares outstanding: | ||||||
| Basic | 10,219,791 | 10,259,717 | ||||
| Diluted | 10,353,866 | 10,263,997 | ||||
| Condensed Consolidated Balance Sheets | ||||||
| (Unaudited) | ||||||
| December 31, | ||||||
| Assets | 2025 | 2024 | ||||
| Current assets | $ | 32,188,904 | $ | 35,920,737 | ||
| Utility property, net | 277,034,983 | 265,540,721 | ||||
| Other non-current assets | 31,819,846 | 33,711,014 | ||||
| Total Assets | $ | 341,043,733 | $ | 335,172,472 | ||
| Liabilities and Stockholders' Equity | ||||||
| Current liabilities | $ | 40,099,501 | $ | 64,324,575 | ||
| Long-term debt, net | 137,997,452 | 111,336,132 | ||||
| Deferred credits and other non-current liabilities | 46,515,305 | 47,750,676 | ||||
| Total Liabilities | 224,612,258 | 223,411,383 | ||||
| Stockholders' Equity | 116,431,475 | 111,761,089 | ||||
| Total Liabilities and Stockholders' Equity | $ | 341,043,733 | $ | 335,172,472 | ||
| Contact: | Timothy J. Mulvaney |
| VP, Treasurer and CFO | |
| Telephone: | (540) 777-3997 |
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