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RGC Resources (RGCO) investor relations material
RGC Resources Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for the quarter rose to $538,412 ($0.05/share) from $156,692 ($0.02/share) year-over-year, driven by higher MVP earnings, increased gas deliveries, and higher non-gas base rates.
Nine-month net income increased 16% to $13,484,309 ($1.31/share) from $11,620,074 ($1.15/share) year-over-year, reflecting higher operating margins, MVP contributions, and robust residential and industrial demand.
Operating revenues for the quarter increased 19% year-over-year, primarily due to higher gas costs, delivered volumes, and SAVE revenues.
Main extensions and renewal activity were strong in the first nine months of fiscal 2025, with 3.9 new main miles installed and 541 new services connected.
Economic development in the region is highlighted by the Google investment and ongoing healthcare expansion, supporting future growth opportunities.
Financial highlights
Third quarter operating revenues were $17.3 million (up from $14.5 million YoY), and net income was $538,000 (up from $157,000 YoY).
Nine months ended June 30, 2025: Operating revenues $81.02M (up 13% YoY), net income $13.48M (up from $11.62M YoY), EPS $1.31 (up from $1.15 YoY).
Gross utility margin for the quarter increased 4% YoY to $9.42M; for the nine months, it rose 9% YoY to $44.36M.
CapEx year-to-date was $15.7 million, down 5% from the prior year, with no major one-time expenditures as in 2024.
Operating cash flow for the nine months was $28.27M, up $11.2M YoY, driven by higher net income and MVP cash distributions.
Outlook and guidance
Full-year earnings per share are expected in the $1.22–$1.27 range.
Fiscal 2025 capital expenditures are projected at approximately $22M.
A modest net loss is anticipated in the fourth quarter due to seasonality and revenue recognition.
MVP growth and Franklin County expansion are expected to drive higher capital allocation in 2026.
Updated SAVE and RNG Riders filed with the SCC are expected to impact rates in fiscal 2026, with decisions anticipated in September 2025.
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