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Net Loss (Q4 2025): $204,000 or $0.02 per share, compared to net income of $141,000 or $0.01 per share in Q4 2024.

Net Income (Fiscal 2025): $13.3 million or $1.29 per share, a 15% increase from $11.8 million or $1.16 per share in fiscal 2024.

Gas Delivery Volumes (Q4 2025): Increased 8% compared to Q4 2024.

Total Gas Volumes (Fiscal 2025): Increased 14% compared to the previous year.

Capital Expenditures (Fiscal 2025): $20.7 million, down 6% from fiscal 2024.

Customer Additions (Fiscal 2025): Over 700 new services connected, compared to 630 in fiscal 2024.

Debt Refinancing: Extended maturity to 2032 for debt supporting MVP investment.

Annual Revenue Increase Request (2026): $4.3 million based on a 9.9% ROE.

Dividend Increase (2026): $0.04 per share annualized, nearly 5% increase to $0.87 per share.

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Release Date: December 04, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

RGC Resources Inc (NASDAQ:RGCO) experienced a strong year for main extensions, with a 50% increase in installed main miles compared to fiscal 2024.

The company connected over 700 new services, surpassing the customer additions in fiscal 2024 and 2023.

Record volumes of gas were delivered in fiscal 2025, with total volumes increasing by 14% compared to the previous year.

Net income for fiscal 2025 was $13.3 million, a 15% increase from fiscal 2024, reflecting strong gas deliveries and higher operating margins.

RGC Resources Inc (NASDAQ:RGCO) ended the year with a strong balance sheet, successfully refinancing debt related to the Mountain Valley Pipeline investment.

The company experienced a net loss of $204,000 in the fourth quarter, attributed to higher expenses and inflationary pressures.

Customer disconnections were significant, with over 1,500 customers disconnecting in the spring, impacting the average customer count.

Equity earnings from the Mountain Valley Pipeline were lower due to reduced AFUDC compared to the previous year.

The company anticipates a challenging fiscal 2026 due to potential headwinds such as inflationary pressures and uncertain gas delivery volumes.

The gains from housing authority projects, which contributed to earnings in previous years, will not recur in 2026, creating a gap in expected earnings.

Q: How is the weather impacting your operations compared to last year? A: Paul Nester, President and CEO, explained that October had unusual weather patterns, affecting heating degree days and volumes. November started warm but turned cold around Thanksgiving, which has persisted. This suggests a colder year nationally, with natural gas prices reflecting this trend.

Q: Are there any capital requirements for MVP projects in 2026? A: Timothy Mulvaney, CFO, stated that they have set up facilities to fund investments in the Boost and Southgate projects. They expect to invest $4 million to $5 million over the next few years, with $1 million to $1.5 million anticipated this year.

Q: Can you provide any updates on data center developments? A: Paul Nester noted significant state-level announcements, including Google's $9 billion investment in data centers in Virginia. Locally, Google's property acquisition in the Roanoke Valley has increased regional interest, with more announcements expected in 2026.

Q: What are the financial results for the fourth quarter and fiscal year 2025? A: Timothy Mulvaney reported a net loss of $204,000 for the fourth quarter due to seasonal weakness and inflation. However, fiscal 2025 saw a net income of $13.3 million, a 15% increase from 2024, driven by record gas deliveries and higher operating margins.

Q: What is the outlook for fiscal 2026? A: Paul Nester expressed optimism for continued customer growth and expansion in the Roanoke Valley. They are also optimistic about the success of MVP projects and anticipate further developments with Google. A new rate case filed seeks a $4.3 million revenue increase, effective January 2026.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.