RGC Resources Inc 2024年度报告

Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the fiscal year ended September 30, 2025 ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 Commission file number 000-26591 RGC Resources, Inc. Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirementsfor the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” inRule 12b-2 of the Exchange Act. ☐Acceleratedfiler☒SmallerreportingcompanyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the common equity held by non-affiliates of RGC Resources, Inc. as of March31, 2025, the last business day of the its mostrecently completed second fiscal quarter, based on the last sale price on that date, as reported by Nasdaq, was approximately $171,906,919. Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the last practicable date.ClassOutstanding at November 30, 2025Common Stock, $5 Par Value10,350,531 TABLE OF CONTENTS GlossaryCautionary Note Regarding Forward-Looking Statements PART IItem 1.Business Item1A.Risk Factors Item1B.Unresolved Staff Comments Item1C.Cybersecurity Item 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities15Item 6.[Reserved]15Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations16Item7A.Quantitative and Qualitative Disclosures About Market Risk26Item7B.Insider Trading Policy26Item 8.Financial Statements and Supplementary Data26Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure68Item9A.Controls and Procedures68Item9B.Other Information69Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections69 PART III Item 10.Directors, Executive Officers and Corporate Governance70Item 11.Executive Compensation70Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters70Item 13.Certain Relationships and Related Transactions, and Director Independence70Item 14.Principal Accounting Fees and Services70 PART IV GLOSSARY OF TERMS Table of Contents Cautionary Note Regarding Forward-Looking Statements This report contains forward-looking statements that relate to future transactions, events or expectations. In addition,Resources may announce or publish forward-looking statements relating to such matters as anticipated financialperformance, business prospects, investments, inflation, debt refinancing, rate making, technological developments,new products, research and