Quarterly ResultMay 7, 2026, 05:02 PM
RGC Resources Six-Month Revenue +18.8% to $75.7M; Net Income +5.3%
AI Summary
RGC Resources reported increased financial performance for the six months ended March 31, 2026. The company saw a significant rise in total operating revenues and a modest increase in net income and EPS compared to the prior year. Operating cash flow decreased, while cash used in financing activities also saw a substantial reduction.
Key Highlights
- Total operating revenues for the six months ended March 31, 2026, increased by 18.8% to $75.7 million.
- Net income rose by 5.3% to $13.6 million for the six-month period.
- Basic earnings per common share increased to $1.34 from $1.26 year-over-year.
- Gas Utility segment operating revenues were $75.7 million, up from $63.7 million.
- Equity in earnings of unconsolidated affiliates grew by 4.6% to $1.73 million.
- Net cash provided by operating activities was $16.5 million, down from $21.8 million.
- Total assets increased to $337.1 million as of March 31, 2026, from $329.8 million at September 30, 2025.
- Total stockholders' equity increased to $124.1 million as of March 31, 2026, from $113.6 million at September 30, 2025.
Price Impact
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