RGC Resources, Inc. Reports Third Quarter Earnings
RGC Resources (Nasdaq: RGCO) reported strong financial results for Q3 2025, with consolidated earnings of $538,412 ($0.05 per share), up significantly from $156,692 ($0.02 per share) in Q3 2024. The improvement was primarily driven by increased earnings from the Mountain Valley Pipeline (MVP) investment.
For the first nine months of fiscal 2025, net income reached $13.48 million ($1.31 per share), representing a 16% increase from $11.62 million ($1.15 per share) in the same period last year. Operating revenues grew to $81.02 million, up from $71.54 million, while operating income improved to $18.92 million from $16.84 million year-over-year.
RGC Resources (Nasdaq: RGCO) ha registrato risultati finanziari solidi nel terzo trimestre 2025, con utili consolidati di $538.412 ( $0,05 per azione), in netto aumento rispetto a $156.692 ($0,02 per azione) nel 3T 2024. Il miglioramento è stato determinato principalmente dall'aumento dei ricavi derivanti dall'investimento nel Mountain Valley Pipeline (MVP).
Nei primi nove mesi dell'esercizio 2025 l'utile netto è stato di $13,48 milioni ($1,31 per azione), registrando un aumento del 16% rispetto a $11,62 milioni ($1,15 per azione) nello stesso periodo dell'anno precedente. I ricavi operativi sono saliti a $81,02 milioni (da $71,54 milioni), mentre il risultato operativo è migliorato a $18,92 milioni rispetto a $16,84 milioni su base annua.
RGC Resources (Nasdaq: RGCO) presentó sólidos resultados financieros en el tercer trimestre de 2025, con ganancias consolidadas de $538.412 ($0,05 por acción), un aumento notable respecto a $156.692 ($0,02 por acción) en el 3T de 2024. La mejora se debió principalmente al incremento de los ingresos procedentes de la inversión en el Mountain Valley Pipeline (MVP).
En los primeros nueve meses del ejercicio 2025, el beneficio neto alcanzó $13,48 millones ($1,31 por acción), lo que representa un aumento del 16% frente a $11,62 millones ($1,15 por acción) en el mismo período del año anterior. Los ingresos operativos crecieron hasta $81,02 millones (desde $71,54 millones) y el resultado operativo mejoró a $18,92 millones frente a $16,84 millones interanuales.
RGC Resources (Nasdaq: RGCO)는 2025년 3분기에 견조한 재무실적을 발표했습니다. 연결 기준 순이익은 $538,412(주당 $0.05)로, 2024년 3분기의 $156,692(주당 $0.02)에서 크게 증가했습니다. 이 개선은 주로 Mountain Valley Pipeline(MVP) 투자로 인한 수익 확대에 기인합니다.
2025 회계연도 상반기(첫 9개월) 누적 순이익은 $13.48 million(주당 $1.31)으로, 전년 동기 $11.62 million(주당 $1.15) 대비 16% 증가했습니다. 영업수익은 $81.02 million으로 전년의 $71.54 million에서 증가했으며, 영업이익도 전년의 $16.84 million에서 $18.92 million으로 개선되었습니다.
RGC Resources (Nasdaq: RGCO) a publié de solides résultats financiers pour le troisième trimestre 2025, avec un bénéfice consolidé de $538 412 ($0,05 par action), en nette hausse par rapport à $156 692 ($0,02 par action) au 3T 2024. Cette amélioration provient principalement de l'augmentation des revenus liés à l'investissement dans le Mountain Valley Pipeline (MVP).
Sur les neuf premiers mois de l'exercice 2025, le bénéfice net s'est élevé à $13,48 millions ($1,31 par action), soit une hausse de 16% par rapport à $11,62 millions ($1,15 par action) sur la même période l'an dernier. Les produits d'exploitation ont augmenté pour atteindre $81,02 millions (contre $71,54 millions), tandis que le résultat opérationnel est passé de $16,84 millions à $18,92 millions en glissement annuel.
RGC Resources (Nasdaq: RGCO) meldete für das dritte Quartal 2025 starke Finanzergebnisse: Das konsolidierte Ergebnis belief sich auf $538.412 ($0,05 je Aktie), deutlich mehr als $156.692 ($0,02 je Aktie) im 3. Quartal 2024. Der Anstieg ist hauptsächlich auf höhere Erträge aus der Beteiligung am Mountain Valley Pipeline (MVP) zurückzuführen.
In den ersten neun Monaten des Geschäftsjahres 2025 erreichte der Nettogewinn $13,48 Millionen ($1,31 je Aktie), ein Plus von 16% gegenüber $11,62 Millionen ($1,15 je Aktie) im Vorjahreszeitraum. Die operativen Erlöse stiegen auf $81,02 Millionen (vorher $71,54 Millionen), und das operative Ergebnis verbesserte sich von $16,84 Millionen auf $18,92 Millionen im Jahresvergleich.
- None.
- Operating expenses increased 24.6% year-over-year in Q3 2025
- Operating income decreased 23.2% in Q3 2025 compared to Q3 2024
- Interest expense rose 3.2% to $4.92 million for the nine-month period
Insights
RGC Resources reports strong Q3 earnings growth driven by Mountain Valley Pipeline investment, with 243% quarterly and 16% nine-month profit increases.
RGC Resources has posted significantly improved earnings for Q3 2025, with net income rising to
The nine-month performance is equally impressive, with net income reaching
Revenue growth has been robust, with Q3 operating revenues of
Despite this revenue growth, Q3 operating income actually decreased to
The balance sheet remains solid with total assets of
ROANOKE, Va., Aug. 11, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated earnings of
CEO Paul Nester stated, “We continue to honor our mission of creating value for shareholders and our community by providing safe and reliable energy to the Roanoke region. MVP has been a successful and meaningful part of delivering value and energy for a full year. Roanoke Gas continues to produce strong financial results resulting from prudent system investment and exemplary operational performance.”
Through the first nine months of fiscal 2025, the Company’s net income of
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 inflation, customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations, expectations regarding inflation and interest rate along with risks included under Item 1-A in the Company’s fiscal 2024 Form 10-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 third quarter and fiscal year to date are as follows:
| RGC Resources, Inc. and Subsidiaries | |||||||||||||||
| Condensed Consolidated Statements of Income | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Operating revenues | $ | 17,264,615 | $ | 14,458,202 | $ | 81,016,198 | $ | 71,536,930 | |||||||
| Operating expenses | 16,068,055 | 12,900,609 | 62,091,675 | 54,697,591 | |||||||||||
| Operating income | 1,196,560 | 1,557,593 | 18,924,523 | 16,839,339 | |||||||||||
| Equity in earnings of unconsolidated affiliate | 772,082 | 282,604 | 2,427,470 | 2,979,823 | |||||||||||
| Other income (expense), net | 244,000 | (69,349 | ) | 1,180,969 | 140,924 | ||||||||||
| Interest expense | 1,512,754 | 1,567,093 | 4,922,959 | 4,769,979 | |||||||||||
| Income before income taxes | 699,888 | 203,755 | 17,610,003 | 15,190,107 | |||||||||||
| Income tax expense | 161,476 | 47,063 | 4,125,694 | 3,570,033 | |||||||||||
| Net income | $ | 538,412 | $ | 156,692 | $ | 13,484,309 | $ | 11,620,074 | |||||||
| Net earnings per share of common stock: | |||||||||||||||
| Basic | $ | 0.05 | $ | 0.02 | $ | 1.31 | $ | 1.15 | |||||||
| Diluted | $ | 0.05 | $ | 0.02 | $ | 1.31 | $ | 1.15 | |||||||
| Cash dividends per common share | $ | 0.2075 | $ | 0.2000 | $ | 0.6225 | $ | 0.6000 | |||||||
| Weighted average number of common shares outstanding: | |||||||||||||||
| Basic | 10,319,232 | 10,188,592 | 10,294,227 | 10,129,111 | |||||||||||
| Diluted | 10,324,165 | 10,192,797 | 10,298,688 | 10,132,347 | |||||||||||
| Condensed Consolidated Balance Sheets | |||||||||||||||
| (Unaudited) | |||||||||||||||
| June 30, | |||||||||||||||
| Assets | 2025 | 2024 | |||||||||||||
| Current assets | $ | 21,595,712 | $ | 25,408,031 | |||||||||||
| Utility property, net | 270,538,465 | 257,936,755 | |||||||||||||
| Other non-current assets | 32,623,816 | 30,809,374 | |||||||||||||
| Total Assets | $ | 324,757,993 | $ | 314,154,160 | |||||||||||
| Liabilities and Stockholders' Equity | |||||||||||||||
| Current liabilities | $ | 20,695,773 | $ | 23,782,556 | |||||||||||
| Long-term debt, net | 139,743,390 | 136,311,348 | |||||||||||||
| Deferred credits and other non-current liabilities | 48,057,512 | 45,292,464 | |||||||||||||
| Total Liabilities | 208,496,675 | 205,386,368 | |||||||||||||
| Stockholders' Equity | 116,261,318 | 108,767,792 | |||||||||||||
| Total Liabilities and Stockholders' Equity | $ | 324,757,993 | $ | 314,154,160 | |||||||||||
| Contact: | Timothy J. Mulvaney | |
| Vice President, Treasurer and CFO | ||
| Telephone: | (540) 777-3997 |
FAQ
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