| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 45.16 | 47.7% | 23.9% |
| Total Income | 45.16 | 47.7% | 23.9% |
| Expenditure | 34.17 | 44.1% | 31.1% |
| PBT | 11.29 | 81.8% | 12.6% |
| Net Profit | 8.74 | 79.1% | 13.8% |
| OPM | 24.98% | 3.56pp | 3.54pp |
| NPM | 19.36% | 3.39pp | 1.69pp |
| EPS | 0.85 | 77.1% | 14.9% |
RGC Resources Reports Q2 2026 Earnings of $8.7 Million, or $0.84 Per Diluted Share
07 May 2026 · 7 May, 2:37 am
Summary
RGC Resources, Inc. reported second quarter earnings of $8.7 million, or $0.84 per diluted share, compared to $7.7 million, or $0.74 per diluted share, for the same period last year. The increase was driven by higher operating margins, the positive impact of interim base rates, and earnings from the Mountain Valley Pipeline. For the first six months of fiscal 2026, net income increased by 5.3% to $13.6 million, or $1.31 per diluted share, compared to $12.9 million in the prior year. Interim rates that became effective at the beginning of January were timely as challenges from inflationary pressures will continue to affect the remainder of the year.
Key Highlights
- 1
RGC Resources, Inc. announced consolidated Company earnings of $8.7 million, or $0.84 per diluted share, for the second quarter ended March 31, 2026.
- 2
This compares to $7.7 million, or $0.74 per diluted share, for the second quarter ended March 31, 2025.
- 3
The increase was the result of higher operating margins which included the positive effect of the Company’s interim base rates under the pending rate case partially offset by increased operating expenses and depreciation.
- 4
Earnings from the Company’s investment in the Mountain Valley Pipeline, LLC (“MVP”) also contributed to the performance.
- 5
Through the first six months of fiscal 2026, the Company’s net income was $13.6 million, or $1.31 per diluted share, up 5.3% from $12.9 million.
- 6
Net income of $13.6 million compares to $12.9 million, or $1.26 per diluted share, in the first six months of the prior year.
Management Comments
Paul Nester
We had a strong quarter in which our system performed superbly, particularly during the prolonged cold from Winter Storm Fern. The MVP pipeline delivered as promised across the eastern half of the country including to the benefit of our customers in the Roanoke Valley. Interim rates that became effective at the beginning of January were timely as challenges from inflationary pressures will continue to affect the remainder of the year.
Informational and educational content only. Not investment advice.