RGC Resources Inc. reported its earnings for the first quarter ending December 31, 2025. During the period, income tax expense decreased by 17% to reflect lower pre-tax income, with the effective tax rate at 21.4% compared to 23.4% in the prior year period. The lower effective tax rate was attributed to the amortization of excess deferred taxes, tax credits, and a one-time item related to R&D tax credits. The company generated net proceeds of approximately USD 0.38 million from issuing 19,690 shares of common stock during the quarter. Management confirmed that Roanoke Gas, its primary operating subsidiary, has access to sufficient financing resources to meet cash requirements for the next year, including its cash from operations and a line of credit. Roanoke Gas has a term note in the principal amount of USD 15 million due in August 2026, and the company may adjust capital spending if necessary. RGC Resources Inc., through its regulated subsidiary Roanoke Gas, continues to serve approximately 63,700 customers in the Roanoke, Virginia area. The company noted that revenues and margins in the first quarter typically reflect higher billings due to the weather-sensitive nature of the natural gas business.
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