Q1 2026 RGC Resources Inc Earnings Call Transcript

Feb 10, 2026 / 02:00 PM GMT

Release Date Price: $21.55 (-0.65%)

Transcript 10-Q8-K

Key Points

Positve

RGC Resources Inc (RGCO) maintained steady main extensions and renewal activity, with 196 new services connected in Q1 2026, similar to the previous year.
The company increased its service renewals by 80% compared to the previous year, demonstrating a commitment to enhancing safety and reliability.
Residential gas usage increased by 8%, and commercial volumes rose due to an 11% increase in heating degree days.
RGC Resources Inc (RGCO) reported a strong balance sheet and expects to refinance a $15 million note maturing in August.
The company's LNG plant provided necessary peaking supply during the winter, ensuring no customer outages despite severe weather conditions.

Negative

Total delivered gas volumes were flat compared to Q1 last year, with a decrease in usage by a large industrial customer.
Net income decreased to $4.8 million or $0.47 per share, down from $5.3 million or $0.51 per share in the same quarter last year.
Higher costs for personnel, IT, property taxes, and depreciation offset the nominal increase in gas margins.
The company faces an estimated $8 to $10 million under-collection on gas costs due to unprecedented spikes in natural gas prices during Winter Storm Fern.
Winter weather conditions hampered construction activities, potentially impacting the ability to meet capital forecast targets for the fiscal year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RGCO.OQ - RGC Resources Inc
Q1 2026 RGC Resources Inc Earnings Call
Feb 10, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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The host is recording this meeting.

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Unidentified_2 [2]
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Good morning and thank you for joining us as we discuss RGC Resources 2026 1st quarter results. I am Kelsey Davenport, Director of Finance for RGC Resources Inc. I am joined this morning by Paul Nestor, President and CEO of RGC Resources, Tim Mulvaney, our VP, treasurer, and Chief Financial Officer, and Tommy Oliver, our senior Vice President of Regulatory and External Affairs.

Let's review a few administrative items.

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