RGC Resources Inc. posts Q1 net income of USD 4.9 million, down 7.5%

Reuters
Feb 06
<a href="https://laohu8.com/S/RGCO">RGC Resources Inc</a>. posts Q1 net income of USD 4.9 million, down 7.5%

RGC Resources Inc. reported consolidated earnings of USD 4.9 million, or USD 0.47 per share, for the first quarter ended December 31, 2025. The company noted a decline in net income, reflecting flat margins and increased costs related to personnel, IT, property taxes, and depreciation, which were partially offset by lower interest expense. In early December, RGC Resources filed a rate case seeking an additional USD 4.3 million in annualized revenue to address these higher costs, with interim rates effective January 1, 2026, subject to refund pending regulatory review. During the first quarter, Roanoke Gas, an operating subsidiary, continued to focus on customer growth and infrastructure investments to enhance system reliability. The company reported ongoing steady customer growth, attributed to new housing developments and a higher-than-normal number of reconnections. CEO Paul Nester highlighted the distribution system's performance, noting that while temperatures averaged colder than the prior year, there was no sustained cold period as in the previous year, impacting margins. RGC Resources continues to invest in its utility infrastructure to support growth and reliability.

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