RGC Resources Inc 2026年季度报告

For Quarterly Period Ended December 31, 2025 OR RGC Resources, Inc. 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 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for 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 of Regulation S-T during thepreceding 12 months (or for such shorter period that the registrant was required to submit such files).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 an emerging growth company.See definitions of “large accelerated filer,” “accelerated-filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. 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 or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. ClassCommon Stock, $5 Par Value PARTI. FINANCIAL INFORMATION ITEM 1.FINANCIAL STATEMENTSCONDENSED CONSOLIDATED BALANCE SHEETS1CONDENSED CONSOLIDATED STATEMENTS OF INCOME3CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME4CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY5CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS6NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS7ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS23ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30ITEM 4.CONTROLS AND PROCEDURES30PARTII. OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGS31ITEM 1A.RISK FACTORS31ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS31ITEM 3.DEFAULTS UPON SENIOR SECURITIES31ITEM 4.MINE SAFETY DISCLOSURES31ITEM 5.OTHER INFORMATION31ITEM 6.EXHIBITS32SIGNATURES33 Three Months Ended December 31,20252024OPERATING REVENUES:Gas utility$30,235,141$27,263,204Non utility25,32726,282Total operating revenues30,260,46827,289,486OPERATING EXPENSES:Cost of gas - utility14,581,61511,702,709Cost of sales - non utility4,8724,349Operations and maintenance5,222,4814,688,671Taxes other than income taxes830,058722,376Depreciation and amortization3,071,1052,843,360Total operating expenses23,710,13119,961,465OPERATING INCOME6,550,3377,328,021Equity in earnings of unconsolidated affiliates827,070854,213Other income, net504,989473,336Interest expense1,671,1501,779,930INCOME BEFORE INCOME TAXES6,211,2466,875,640INCOME TAX EXPENSE1,328,3811,605,951NET INCOME$4,882,865$5,269,689BASIC EARNINGS PER COMMON SHARE$0.48$0.51DILUTED EARNINGS PER COMMON SHARE$0.47$0.51 Table of Contents Three Months Ended December 31,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income$4,882,865$5,269,689Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization3,071,1052,843,360Cost of retirement of utility property(198,684)(109,895)Stock-based compensation112,734116,613Equity in earnings of unconsolidated affiliates(827,070)(854,213)Distribution from unconsolidated affiliate753,496801,816Changes in assets and liabilities which used cash, exclusive of changes and noncash transactionsshown separately(6,714,586)(7,240,180)Net cash provided by operating activities1,079,860827,190CASH FLOWS FROM INVESTING ACTIVITIES:Additions to utility property(5,643,552)(5,748,177)Investment in unconsolidated affiliates(542,893)(17,738)Proceeds from disposal of utility property72514,452Net cash used in investing activities(6,185,720)(5,751,463)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from issuance of unsecured notes542,894420,000Repayments of notes payable(711,504)(380,000)Borrowings under line-of-credit16,154,79414,486,406Repayments under line-of-credit(8,782,639)(6,616,486)Proceeds from issuance of stock383,538268,817Cash dividends paid(2,145,558)(2,050,286)Net cash provided by financing activities5,441,5256,128,451NET INCREASE IN CASH AND CASH EQUIVALENTS335,6651,204,178BEGINNING CASH AND CASH EQUIVALENTS2,320,369894,185ENDING CASH AND CASH EQUIVALENTS$2,656,034$2,098,363SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for:Interest$1,898,636$2,024,144See notes to condensed consolidated financial statements.6 Table of Contents RGC RESOURCES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1.Basis of Presentation Resources is an energ