Form 8-K

8-K — RGC RESOURCES INC

Accession: 0001437749-26-025946

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001069533

SIC: 4923 (NATURAL GAS TRANSMISSION & DISTRIBUTION)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — rgco20260609_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_974885.htm)

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8-K — FORM 8-K

8-K (Primary)

Filename: rgco20260609_8k.htm · Sequence: 1

rgco20260609_8k.htm

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0001069533

2026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): August 5, 2026

RGC RESOURCES, INC.

(Exact name of Registrant as specified in its charter)

Virginia

000-26591

54-1909697

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

519 Kimball Ave., N.E. Roanoke, Virginia

24016

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: 540-777-4427

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol

Name of Each Exchange on Which Registered

Common Stock, $5 Par Value

RGCO

NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 if the Securities Exchange Act of 1934.

Emerging 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 or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02.

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On August 5, 2026, RGC Resources, Inc. issued a press release announcing the results for the third quarter ending June 30, 2026. A copy of this press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

ITEM 8.01.

OTHER EVENTS

The press release attached hereto as Exhibit 99.1 is also incorporated into this Item 8.01 by reference and therefore deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended.

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS

99.1

Third Quarter Earnings Press Release dated August 5, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RGC RESOURCES, INC.

Date: August 5, 2026

By:

/s/ Timothy J. Mulvaney

Timothy J. Mulvaney

Vice President, Treasurer and Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_974885.htm · Sequence: 2

ex_974885.htm

Exhibit 99.1

NEWS RELEASE

RGC RESOURCES, INC.

Release Date:

August 5, 2026

Contact:

Timothy J. Mulvaney

Vice President, Treasurer and CFO

Telephone:

(540) 777-3997

RGC RESOURCES, INC. REPORTS

THIRD QUARTER EARNINGS

ROANOKE, Va. (August 5, 2026)--RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated earnings of $559,000, or $0.05 per diluted share, for the third quarter ended June 30, 2026, compared to $538,000, or $0.05 per diluted share, for the third quarter ended June 30, 2025. Operating margin for the third quarter was $757,000 higher than the equivalent period a year earlier aided by higher non-gas base rates that became effective January 1, 2026. Operating expenses were higher by a similar amount resulting in a nominal decline in operating earnings.

CEO Paul Nester stated, “This year’s third quarter included improved margins from higher base rates and SAVE investment, as well as continued residential growth, offset by persistent inflation and the effect of an industrial customer ceasing operations. Delivered firm volumes were steady to the prior year, and interruptible volumes to industrial customers increased, albeit at lower-tiered margins.”

The Company’s net income of $14.2 million, or $1.37 per diluted share, in the first nine months of fiscal 2026 was up 5.2% from $13.5 million, or $1.31 per diluted share, a year earlier due to stronger operating margins and lower interest expense, particularly early in the year.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company and RGC Midstream, LLC.

The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from any expectations expressed in the Company’s forward-looking statements, regarding inflation, customer growth, ratemaking, infrastructure investment and margins. These risks and uncertainties include gas prices and supply, geopolitical considerations, expectations regarding the MVP and the Company’s rate application along with risks included under Item 1-A in the Company’s fiscal 2025 Form 10-K updated by the Company’s March 31, 2026 Form 10-Q. Forward-looking statements reflect the Company’s current expectations only as of the date they are made. The Company assumes no duty to update these statements should expectations change or actual results differ from current expectations except as required by applicable laws and regulations.

Past performance is not necessarily a predictor of future results.

Summary financial statements for the third quarter and fiscal year to date are as follows:

RGC Resources, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended June 30,

Nine Months Ended June 30,

2026

2025

2026

2025

Operating revenues

17,105,393

17,264,615

92,822,870

81,016,198

Operating expenses

15,933,124

16,068,055

73,816,314

62,091,675

Operating income

1,172,269

1,196,560

19,006,556

18,924,523

Equity in earnings of unconsolidated affiliates

764,178

772,082

2,495,239

2,427,470

Other income, net

328,966

244,000

1,526,376

1,180,969

Interest expense

1,551,750

1,512,754

4,808,738

4,922,959

Income before income taxes

713,663

699,888

18,219,433

17,610,003

Income tax expense

154,763

161,476

4,033,178

4,125,694

Net income

558,900

538,412

14,186,255

13,484,309

Net earnings per share of common stock:

Basic

0.05

1.39

1.31

Diluted

0.05

1.37

1.31

Cash dividends per common share

0.2175

0.2075

0.6525

0.6225

Weighted average number of common shares outstanding:

Basic

10,276,190

10,319,232

10,210,450

10,294,227

Diluted

10,418,876

10,324,165

10,392,293

10,298,688

Condensed Consolidated Balance Sheets

(Unaudited)

June 30,

Assets

2026

2025

Current assets

22,006,819

21,595,712

Utility property, net

282,505,823

270,538,465

Other non-current assets

35,146,489

32,623,816

Total Assets

339,659,131

324,757,993

Liabilities and Stockholders’ Equity

Current liabilities

23,406,692

20,695,773

Long-term debt, net

145,607,087

139,743,390

Deferred credits and other non-current liabilities

47,771,173

48,057,512

Total Liabilities

216,784,952

208,496,675

Stockholders’ Equity

122,874,179

116,261,318

Total Liabilities and Stockholders’ Equity

339,659,131

324,757,993

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