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A rate case that settled $450,000 short of the ask and a 54-year-old liquefied natural gas tank with structural damage still awaiting repair assessment are the two facts that complicate an otherwise respectable nine-month earnings record at RGC Resources (NASDAQ: RGCO).
The company reported fiscal third-quarter net income of approximately $550,000, or $0.05 per diluted share, while the nine-month total reached $1.37 per diluted share, a 4.6% gain over the comparable fiscal 2025 period, with a non-gas base rate increase doing most of the work.
Management narrowed its fiscal 2026 earnings outlook to $1.29 to $1.32 per diluted share and expects a small loss in the fiscal fourth quarter.
What powered the nine-month outperformance Director of Finance Kelsie Davenport attributed third-quarter margin support to interim rates effective January 1 and new stay revenues.
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