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RGC Resources, Inc. Reports Third Quarter Earnings

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RGC Resources (Nasdaq: RGCO) reported strong financial results for Q3 2025, with consolidated earnings of $538,412 ($0.05 per share), up significantly from $156,692 ($0.02 per share) in Q3 2024. The improvement was primarily driven by increased earnings from the Mountain Valley Pipeline (MVP) investment.

For the first nine months of fiscal 2025, net income reached $13.48 million ($1.31 per share), representing a 16% increase from $11.62 million ($1.15 per share) in the same period last year. Operating revenues grew to $81.02 million, up from $71.54 million, while operating income improved to $18.92 million from $16.84 million year-over-year.

RGC Resources (Nasdaq: RGCO) ha registrato risultati finanziari solidi nel terzo trimestre 2025, con utili consolidati di $538.412 ( $0,05 per azione), in netto aumento rispetto a $156.692 ($0,02 per azione) nel 3T 2024. Il miglioramento è stato determinato principalmente dall'aumento dei ricavi derivanti dall'investimento nel Mountain Valley Pipeline (MVP).

Nei primi nove mesi dell'esercizio 2025 l'utile netto è stato di $13,48 milioni ($1,31 per azione), registrando un aumento del 16% rispetto a $11,62 milioni ($1,15 per azione) nello stesso periodo dell'anno precedente. I ricavi operativi sono saliti a $81,02 milioni (da $71,54 milioni), mentre il risultato operativo è migliorato a $18,92 milioni rispetto a $16,84 milioni su base annua.

RGC Resources (Nasdaq: RGCO) presentó sólidos resultados financieros en el tercer trimestre de 2025, con ganancias consolidadas de $538.412 ($0,05 por acción), un aumento notable respecto a $156.692 ($0,02 por acción) en el 3T de 2024. La mejora se debió principalmente al incremento de los ingresos procedentes de la inversión en el Mountain Valley Pipeline (MVP).

En los primeros nueve meses del ejercicio 2025, el beneficio neto alcanzó $13,48 millones ($1,31 por acción), lo que representa un aumento del 16% frente a $11,62 millones ($1,15 por acción) en el mismo período del año anterior. Los ingresos operativos crecieron hasta $81,02 millones (desde $71,54 millones) y el resultado operativo mejoró a $18,92 millones frente a $16,84 millones interanuales.

RGC Resources (Nasdaq: RGCO)� 2025� 3분기� 견조� 재무실적� 발표했습니다. 연결 기준 순이익은 $538,412(주당 $0.05)�, 2024� 3분기� $156,692(주당 $0.02)에서 크게 증가했습니다. � 개선은 주로 Mountain Valley Pipeline(MVP) 투자� 인한 수익 확대� 기인합니�.

2025 회계연도 상반�(� 9개월) 누적 순이익은 $13.48 million(주당 $1.31)으로, 전년 동기 $11.62 million(주당 $1.15) 대� 16% 증가했습니다. 영업수익은 $81.02 million으로 전년� $71.54 million에서 증가했으�, 영업이익� 전년� $16.84 million에서 $18.92 million으로 개선되었습니�.

RGC Resources (Nasdaq: RGCO) a publié de solides résultats financiers pour le troisième trimestre 2025, avec un bénéfice consolidé de $538 412 ($0,05 par action), en nette hausse par rapport à $156 692 ($0,02 par action) au 3T 2024. Cette amélioration provient principalement de l'augmentation des revenus liés à l'investissement dans le Mountain Valley Pipeline (MVP).

Sur les neuf premiers mois de l'exercice 2025, le bénéfice net s'est élevé à $13,48 millions ($1,31 par action), soit une hausse de 16% par rapport à $11,62 millions ($1,15 par action) sur la même période l'an dernier. Les produits d'exploitation ont augmenté pour atteindre $81,02 millions (contre $71,54 millions), tandis que le résultat opérationnel est passé de $16,84 millions à $18,92 millions en glissement annuel.

RGC Resources (Nasdaq: RGCO) meldete für das dritte Quartal 2025 starke Finanzergebnisse: Das konsolidierte Ergebnis belief sich auf $538.412 ($0,05 je Aktie), deutlich mehr als $156.692 ($0,02 je Aktie) im 3. Quartal 2024. Der Anstieg ist hauptsächlich auf höhere Erträge aus der Beteiligung am Mountain Valley Pipeline (MVP) zurückzuführen.

In den ersten neun Monaten des Geschäftsjahres 2025 erreichte der Nettogewinn $13,48 Millionen ($1,31 je Aktie), ein Plus von 16% gegenüber $11,62 Millionen ($1,15 je Aktie) im Vorjahreszeitraum. Die operativen Erlöse stiegen auf $81,02 Millionen (vorher $71,54 Millionen), und das operative Ergebnis verbesserte sich von $16,84 Millionen auf $18,92 Millionen im Jahresvergleich.

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  • Operating expenses increased 24.6% year-over-year in Q3 2025
  • Operating income decreased 23.2% in Q3 2025 compared to Q3 2024
  • Interest expense rose 3.2% to $4.92 million for the nine-month period

Insights

RGC Resources reports strong Q3 earnings growth driven by Mountain Valley Pipeline investment, with 243% quarterly and 16% nine-month profit increases.

RGC Resources has posted significantly improved earnings for Q3 2025, with net income rising to $538,412 ($0.05 per share) compared to $156,692 ($0.02 per share) in the same quarter of 2024 � a remarkable 243% increase. This substantial growth was primarily attributed to higher earnings from the company's investment in the Mountain Valley Pipeline (MVP), which has now been operational for a full year.

The nine-month performance is equally impressive, with net income reaching $13.48 million ($1.31 per share), up 16% from $11.62 million ($1.15 per share) in the comparable period. This growth stems from two key factors: improved operating margins and enhanced earnings from the MVP investment.

Revenue growth has been robust, with Q3 operating revenues of $17.26 million representing a 19.4% increase from the $14.46 million reported in Q3 2024. Nine-month revenues reached $81.02 million, up 13.3% from $71.54 million in the prior year period.

Despite this revenue growth, Q3 operating income actually decreased to $1.20 million from $1.56 million in Q3 2024, reflecting a 23.2% decline. This decrease was offset by stronger performance in other areas, particularly the 173% increase in equity earnings from the MVP investment, which jumped to $772,082 from $282,604 in the year-ago quarter.

The balance sheet remains solid with total assets of $324.76 million, slightly up from $314.15 million in 2024. The company has maintained its commitment to shareholder returns, increasing its quarterly dividend to $0.2075 per share, up from $0.2000 in the previous year, representing a 3.75% increase.

ROANOKE, Va., Aug. 11, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated earnings of $538,412, or $0.05 per share, for the third quarter ended June 30, 2025, compared to $156,692, or $0.02 per share, for the fiscal quarter ended June 30, 2024. The increase during the quarter was largely the result of higher earnings from the Company’s investment in the Mountain Valley Pipeline, LLC (“MVP�).

CEO Paul Nester stated, “We continue to honor our mission of creating value for shareholders and our community by providing safe and reliable energy to the Roanoke region. MVP has been a successful and meaningful part of delivering value and energy for a full year. Roanoke Gas continues to produce strong financial results resulting from prudent system investment and exemplary operational performance.�

Through the first nine months of fiscal 2025, the Company’s net income of $13,484,309, or $1.31 per share, was up 16% from $11,620,074, or $1.15 per share, in the first nine months of the prior year, primarily due to higher operating margins along with enhanced earnings from the Company’s investment in the MVP.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC.

The statements in this release that are not historical facts constitute “forward-looking statements� made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from any expectations expressed in the Company’s forward-looking statements, regarding inflation, customer growth, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations, expectations regarding inflation and interest rate along with risks included under Item 1-A in the Company’s fiscal 2024 Form 10-K. Forward-looking statements reflect the Company’s current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations.

Past performance is not necessarily a predictor of future results.

Summary financial statements for the third quarter and fiscal year to date are as follows:


RGC Resources, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
Three Months EndedNine Months Ended
June 30,June 30,
2025202420252024
Operating revenues$17,264,615$14,458,202$81,016,198$71,536,930
Operating expenses16,068,05512,900,60962,091,67554,697,591
Operating income1,196,5601,557,59318,924,52316,839,339
Equity in earnings of unconsolidated affiliate772,082282,6042,427,4702,979,823
Other income (expense), net244,000(69,349)1,180,969140,924
Interest expense1,512,7541,567,0934,922,9594,769,979
Income before income taxes699,888203,75517,610,00315,190,107
Income tax expense161,47647,0634,125,6943,570,033
Net income$538,412$156,692$13,484,309$11,620,074
Net earnings per share of common stock:
Basic$0.05$0.02$1.31$1.15
Diluted$0.05$0.02$1.31$1.15
Cash dividends per common share$0.2075$0.2000$0.6225$0.6000
Weighted average number of common shares outstanding:
Basic10,319,23210,188,59210,294,22710,129,111
Diluted10,324,16510,192,79710,298,68810,132,347
Condensed Consolidated Balance Sheets
(Unaudited)
June 30,
Assets20252024
Current assets$21,595,712$25,408,031
Utility property, net270,538,465257,936,755
Other non-current assets32,623,81630,809,374
Total Assets$324,757,993$314,154,160
Liabilities and Stockholders' Equity
Current liabilities$20,695,773$23,782,556
Long-term debt, net139,743,390136,311,348
Deferred credits and other non-current liabilities48,057,51245,292,464
Total Liabilities208,496,675205,386,368
Stockholders' Equity116,261,318108,767,792
Total Liabilities and Stockholders' Equity$324,757,993$314,154,160


Contact:Timothy J. Mulvaney
Vice President, Treasurer and CFO
Telephone:(540) 777-3997

FAQ

What were RGC Resources (RGCO) earnings per share for Q3 2025?

RGC Resources reported earnings of $0.05 per share for Q3 2025, compared to $0.02 per share in Q3 2024.

How much did RGCO's revenue grow in the first nine months of 2025?

RGCO's operating revenues grew to $81.02 million in the first nine months of 2025, up 13.2% from $71.54 million in the same period of 2024.

What is driving RGC Resources' earnings growth in 2025?

The earnings growth is primarily driven by higher operating margins and enhanced earnings from the Mountain Valley Pipeline (MVP) investment.

What is RGCO's dividend payment for Q3 2025?

RGC Resources declared a quarterly dividend of $0.2075 per share, an increase from $0.2000 per share in Q3 2024.

How much was RGC Resources' total assets as of June 30, 2025?

RGC Resources reported total assets of $324.76 million as of June 30, 2025, compared to $314.15 million in the previous year.
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220.36M
8.21M
20.25%
39.03%
0.55%
Utilities - Regulated Gas
Natural Gas Transmission & Distribution
United States
ROANOKE