RGC Resources (NASDAQ: RGCO) Q3 net income $559,000, EPS $0.05

Rhea-AI Filing Summary

RGC Resources, Inc. reported third-quarter 2026 net income of $559,000, or $0.05 per diluted share, slightly above $538,000 and $0.05 a year earlier. Operating revenues were $17,105,393 and operating income was $1,172,269, as higher non-gas base rates lifted operating margin but were offset by comparable increases in operating expenses.

Management cited improved margins from higher base rates and SAVE investment and continued residential growth, offset by inflation and the closure of an industrial customer, with firm volumes steady and interruptible volumes higher at lower margins. For the first nine months of fiscal 2026, net income rose to $14.2 million, or $1.37 per diluted share, up 5.2% from $13.5 million and $1.31, on operating revenues of $92,822,870. As of June 30, 2026, total assets were $339,659,131, stockholders’ equity was $122,874,179, and long-term debt was $145,607,087.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q3 2026 consolidated earnings: $559,000 Q3 2026 diluted EPS: $0.05 Nine-month 2026 net income: $14.2 million +5 more

8 metrics

Q3 2026 consolidated earnings $559,000 Third quarter ended June 30, 2026

Q3 2026 diluted EPS $0.05 Third quarter ended June 30, 2026

Nine-month 2026 net income $14.2 million First nine months of fiscal 2026, up 5.2% from $13.5 million

Nine-month 2026 diluted EPS $1.37 First nine months of fiscal 2026 vs $1.31 a year earlier

Nine-month 2026 operating revenues $92,822,870 First nine months ended June 30, 2026

Total assets $339,659,131 As of June 30, 2026

Stockholders’ equity $122,874,179 As of June 30, 2026

Long-term debt, net $145,607,087 As of June 30, 2026

Key Terms

operating margin, interruptible volumes, equity in earnings of unconsolidated affiliates, forward-looking statements, +1 more

5 terms

operating margin financial

"Operating margin for the third quarter was $757,000 higher"

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

interruptible volumes other

"interruptible volumes to industrial customers increased, albeit at lower-tiered margins"

Interruptible volumes are amounts of a commodity or service—most often natural gas or electricity—sold under contracts that allow the supplier to reduce or cut deliveries when system demand is high or supply is constrained. Like a back-up phone plan that can be paused during busy times, these volumes usually cost less but carry the risk of interruption, so they affect a buyer’s operational reliability and a seller’s revenue predictability.

equity in earnings of unconsolidated affiliates financial

"Equity in earnings of unconsolidated affiliates | | | 764,178"

forward-looking statements regulatory

"The statements in this release that are not historical facts constitute "forward-looking statements""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995"

Earnings Snapshot

Q3 2026 net income: $559,000

Third quarter and nine months ended June 30, 2026

Q3 2026 net income $559,000 Compared with $538,000 in the third quarter of 2025

Q3 2026 diluted EPS $0.05 Unchanged from $0.05 in the third quarter of 2025

Nine-month 2026 net income $14.2 million Up 5.2% from $13.5 million in the first nine months of 2025

Nine-month 2026 diluted EPS $1.37 Up from $1.31 in the first nine months of 2025

Nine-month 2026 operating revenues $92,822,870 Compared with $81,016,198 in the first nine months of 2025

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Available on EDGAR 08/05/2026 - 04:42 PM Accepted by SEC EDGAR 08/05/2026 - 04:42 PM Learn about SEC filing dates

FAQ

What were RGC Resources, Inc. (RGCO) third quarter 2026 earnings?

RGC Resources reported third-quarter 2026 net income of $559,000, or $0.05 per diluted share, slightly above $538,000 and $0.05 a year earlier. Operating income was $1,172,269 on operating revenues of $17,105,393.

How did RGC Resources (RGCO) nine-month 2026 results compare to 2025?

For the first nine months of fiscal 2026, net income was $14.2 million, or $1.37 per diluted share, up 5.2% from $13.5 million, or $1.31, a year earlier. Operating revenues increased to $92,822,870 from $81,016,198.

What factors influenced RGCO's third quarter 2026 performance?

Management cited improved margins from higher non-gas base rates, SAVE investment and continued residential growth, offset by inflation and an industrial customer ceasing operations. Firm delivered volumes were steady, while interruptible industrial volumes increased but at lower-tiered margins.

What were RGC Resources' revenues and operating income in Q3 and year-to-date 2026?

Third-quarter 2026 operating revenues were $17,105,393 with operating income of $1,172,269. For the first nine months of fiscal 2026, operating revenues reached $92,822,870 and operating income was $19,006,556, modestly higher than the prior-year period.

What does RGC Resources' balance sheet look like as of June 30, 2026?

As of June 30, 2026, total assets were $339,659,131 and stockholders’ equity was $122,874,179. Total liabilities were $216,784,952, including $145,607,087 of long-term debt and $23,406,692 of current liabilities.

How much did RGCO pay in dividends during the third quarter and first nine months of 2026?

Cash dividends per common share were $0.2175 for the third quarter of 2026, compared with $0.2075 a year earlier. For the first nine months of fiscal 2026, dividends totaled $0.6525 per share versus $0.6225 in the prior-year period.

false 0001069533 0001069533 2026-08-05 2026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): August 5, 2026

RGC RESOURCES, INC.

(Exact name of Registrant as specified in its charter)

Virginia	000-26591	54-1909697
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

519 Kimball Ave., N.E. Roanoke, Virginia	24016
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 540-777-4427

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, $5 Par Value	RGCO	NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 if the Securities Exchange Act of 1934.

Emerging growth company             ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On August 5, 2026, RGC Resources, Inc. issued a press release announcing the results for the third quarter ending June 30, 2026.  A copy of this press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

ITEM 8.01. OTHER EVENTS

The press release attached hereto as Exhibit 99.1 is also incorporated into this Item 8.01 by reference and therefore deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

	99.1	Third Quarter Earnings Press Release dated August 5, 2026.
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RGC RESOURCES, INC.
Date: August 5, 2026	By:	/s/ Timothy J. Mulvaney
		Timothy J. Mulvaney
		Vice President, Treasurer and Chief Financial Officer

Exhibit 99.1

NEWS RELEASE

RGC RESOURCES, INC.

Release Date:	August 5, 2026
Contact:	Timothy J. Mulvaney
	Vice President, Treasurer and CFO
Telephone:	(540) 777-3997

RGC RESOURCES, INC. REPORTS

THIRD QUARTER EARNINGS

ROANOKE, Va.  (August 5, 2026)--RGC Resources, Inc. (Nasdaq:  RGCO) announced consolidated earnings of $559,000, or $0.05 per diluted share, for the third quarter ended June 30, 2026, compared to $538,000, or $0.05 per diluted share, for the third quarter ended June 30, 2025.  Operating margin for the third quarter was $757,000 higher than the equivalent period a year earlier aided by higher non-gas base rates that became effective January 1, 2026. Operating expenses were higher by a similar amount resulting in a nominal decline in operating earnings.  

CEO Paul Nester stated, “This year’s third quarter included improved margins from higher base rates and SAVE investment, as well as continued residential growth, offset by persistent inflation and the effect of an industrial customer ceasing operations.  Delivered firm volumes were steady to the prior year, and interruptible volumes to industrial customers increased, albeit at lower-tiered margins.”

The Company’s net income of $14.2 million, or $1.37 per diluted share, in the first nine months of fiscal 2026 was up 5.2% from $13.5 million, or $1.31 per diluted share, a year earlier due to stronger operating margins and lower interest expense, particularly early in the year.

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, ratemaking, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations, expectations regarding the MVP and the Company’s rate application along with risks included under Item 1-A in the Company’s fiscal 2025 Form 10-K updated by the Company’s March 31, 2026 Form 10-Q.  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 June 30,								Nine Months Ended June 30,
		2026				2025				2026				2025
Operating revenues		$	17,105,393			$	17,264,615			$	92,822,870			$	81,016,198
Operating expenses			15,933,124				16,068,055				73,816,314				62,091,675
Operating income			1,172,269				1,196,560				19,006,556				18,924,523
Equity in earnings of unconsolidated affiliates			764,178				772,082				2,495,239				2,427,470
Other income, net			328,966				244,000				1,526,376				1,180,969
Interest expense			1,551,750				1,512,754				4,808,738				4,922,959
Income before income taxes			713,663				699,888				18,219,433				17,610,003
Income tax expense			154,763				161,476				4,033,178				4,125,694
Net income		$	558,900			$	538,412			$	14,186,255			$	13,484,309
Net earnings per share of common stock:
Basic		$	0.05			$	0.05			$	1.39			$	1.31
Diluted		$	0.05			$	0.05			$	1.37			$	1.31
Cash dividends per common share		$	0.2175			$	0.2075			$	0.6525			$	0.6225
Weighted average number of common shares outstanding:
Basic			10,276,190				10,319,232				10,210,450				10,294,227
Diluted			10,418,876				10,324,165				10,392,293				10,298,688

Condensed Consolidated Balance Sheets

(Unaudited)

		June 30,
Assets		2026				2025
Current assets		$	22,006,819			$	21,595,712
Utility property, net			282,505,823				270,538,465
Other non-current assets			35,146,489				32,623,816
Total Assets		$	339,659,131			$	324,757,993
Liabilities and Stockholders’ Equity
Current liabilities		$	23,406,692			$	20,695,773
Long-term debt, net			145,607,087				139,743,390
Deferred credits and other non-current liabilities			47,771,173				48,057,512
Total Liabilities			216,784,952				208,496,675
Stockholders’ Equity			122,874,179				116,261,318
Total Liabilities and Stockholders’ Equity		$	339,659,131			$	324,757,993

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 87.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB