RGC Resources Inc (RGCO) financial statements: income statement, balance sheet and cash flow
RGC Resources Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), RGC Resources Inc reported revenue of $95.3M (+12.6% year on year) and net income of $13.3M (+12.9% year on year).
Income statement
RGC Resources Inc income statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Revenues
$95.3M
$84.6M
$97.4M
$84.2M
Cost of gas and sale
$83.4M
$66.9M
$96.0M
$93.9M
Operations and maintenance
$19.9M
$18.4M
$15.9M
$15.5M
Taxes other than income taxes
$2.9M
$2.7M
$2.3M
$2.3M
Depreciation and amortization
$11.5M
$10.5M
$9.8M
$8.9M
Total operating expenses
$76.9M
$67.6M
$79.8M
$69.2M
OPERATING INCOME
$18.4M
$17.1M
$17.7M
$14.9M
Equity in earnings of unconsolidated affiliate
$3.2M
$3.9M
$2.1M
$73.3K
Other income, net
$2.2M
$1.0M
$646.5K
$1.5M
Interest expense
$6.5M
$6.5M
$5.6M
$4.5M
INCOME BEFORE INCOME TAXES
$17.4M
$15.5M
$14.8M
($43.1M)
INCOME TAX EXPENSE
$4.1M
$3.7M
$3.5M
($11.4M)
NET INCOME
$13.3M
$11.8M
$11.3M
($31.7M)
Basic (in dollars per share)
$1.29
$1.16
$1.14
-$3.48
Diluted (in dollars per share)
$1.29
$1.16
$1.14
-$3.48
Basic (in shares)
10.3M
10.2M
9.9M
9.1M
Diluted (in shares)
10.3M
10.2M
9.9M
9.1M
RGC Resources Inc income statement, quarters
Line item
Jun 30, 2026 · Q3
Mar 31, 2026 · Q2
Dec 31, 2025 · Q1
Jun 30, 2025 · Q3
Revenues
$17.1M
$45.5M
$30.3M
$17.3M
Cost of gas and sale
$6.9M
$24.6M
$14.6M
$7.8M
Operations and maintenance
$5.1M
$5.6M
$5.2M
$4.6M
Taxes other than income taxes
$833.1K
$866.6K
$830.1K
$750.1K
Depreciation and amortization
$3.1M
$3.1M
$3.1M
$2.9M
Total operating expenses
$15.9M
$34.2M
$23.7M
$16.1M
OPERATING INCOME
$1.2M
$11.3M
$6.6M
$1.2M
Equity in earnings of unconsolidated affiliates
$764.2K
$904.0K
$827.1K
$772.1K
Other income, net
$329.0K
$692.4K
$505.0K
$244.0K
Interest expense
$1.6M
$1.6M
$1.7M
$1.5M
INCOME BEFORE INCOME TAXES
$713.7K
$11.3M
$6.2M
$699.9K
INCOME TAX EXPENSE
$154.8K
$2.6M
$1.3M
$161.5K
NET INCOME
$558.9K
$8.7M
$4.9M
$538.4K
BASIC EARNINGS PER COMMON SHARE (in dollars per share)
$0.05
$0.85
$0.48
$0.05
DILUTED EARNINGS PER COMMON SHARE (in dollars per share)
$0.05
$0.84
$0.47
$0.05
Balance sheet
RGC Resources Inc balance sheet, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Cash and cash equivalents
$2.3M
$894.2K
$1.5M
$4.9M
Accounts receivable, net
$4.8M
$4.5M
$4.2M
$5.4M
Inventories
$2.0M
$1.8M
$1.7M
$1.2M
Gas in storage
$8.1M
$8.5M
$11.2M
$16.9M
Prepaid income taxes
$1.6M
$2.4M
$3.2M
$3.1M
Regulatory assets
$2.6M
$5.1M
$2.9M
$1.9M
Interest rate swaps
$828.6K
$871.0K
$1.5M
$1.2M
Other
$1.0M
$1.1M
$613.0K
$967.5K
Total current assets
$23.3M
$25.1M
$26.8M
$35.5M
In service
$366.8M
$345.9M
$318.4M
$290.9M
Accumulated depreciation and amortization
($100.1M)
($92.5M)
($85.8M)
($80.2M)
In service, net
$266.7M
$253.4M
$232.6M
$210.7M
Construction work in progress
$8.2M
$8.6M
$15.0M
$19.2M
Utility property, net
$274.9M
$262.0M
$247.6M
$229.9M
Regulatory assets
$3.3M
$4.4M
$5.4M
$5.4M
Investment in unconsolidated affiliates
$20.7M
$21.1M
$17.2M
$13.8M
Benefit plan assets
$5.9M
$5.4M
$1.9M
$749.3K
Deferred Income Tax Assets, Net
$617.4K
$771.7K
$1.2M
$1.1M
Interest rate swaps
$421.5K
$1.2M
$3.1M
$3.6M
Other
$593.2K
$703.4K
$624.1K
$293.6K
Total other non-current assets
$31.6M
$33.6M
$29.4M
$24.9M
TOTAL ASSETS
$329.8M
$320.7M
$303.7M
$290.3M
Current maturities of long-term debt
$2.8M
$800.0K
$11.0M
$1.3M
Line-of-credit
$0
$11.2M
$4.4M
—
Dividends payable
$2.1M
$2.1M
$2.0M
$1.9M
Accounts payable
$7.1M
$5.4M
$5.8M
$8.6M
Customer credit balances
$1.9M
$1.9M
$2.0M
$1.4M
Customer deposits
$1.5M
$1.5M
$1.5M
$1.5M
Accrued expenses
$5.3M
$5.0M
$4.7M
$3.7M
Regulatory liabilities
$1.6M
$834.3K
$1.6M
$3.2M
Interest rate swaps
$57.1K
—
—
$0
Other
$25.6K
$25.7K
$30.3K
—
Total current liabilities
$22.5M
$28.7M
$32.9M
$22.3M
Notes payable
$134.3M
$137.0M
$126.1M
$136.0M
Line-of-credit
$11.9M
—
—
$0
Unamortized debt issuance costs
($405.8K)
($282.1K)
($255.3K)
($275.9K)
Long-term debt, net
$145.8M
$136.7M
$125.8M
$135.7M
Asset retirement obligations
$11.6M
$11.1M
$10.8M
$10.2M
Regulatory cost of retirement obligations
$15.9M
$14.4M
$13.0M
$12.3M
Benefit plan liabilities
$201.2K
$113.6K
$47.7K
$337.5K
Deferred Income Tax Liabilities, Net
$2.3M
$1.9M
$2.0M
$3.2M
Regulatory liabilities
$17.4M
$19.3M
$18.0M
$13.2M
Interest rate swaps
$298.0K
—
—
$0
Other
$319.6K
$308.4K
$323.2K
$39.2M
Total deferred credits and other non-current liabilities
$48.0M
$47.2M
$44.2M
—
RGC Resources Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Jun 30, 2025
Cash and cash equivalents
$2.5M
$3.4M
$2.7M
$2.1M
Accounts receivable (less allowance for credit losses of $576,431 and $142,911, respectively)
$6.3M
$13.1M
$16.3M
$6.2M
Inventories
$2.0M
$2.0M
$2.0M
$1.9M
Gas in storage
$4.3M
$1.7M
$7.0M
$6.1M
Prepaid income taxes
$92.9K
$0
$0
$1.2M
Regulatory assets
$4.6M
$2.5M
$1.3M
$1.6M
Interest rate swaps
$550.3K
$596.8K
$720.8K
$958.8K
Other
$1.7M
$2.4M
$2.2M
$1.5M
Total current assets
$22.0M
$25.7M
$32.2M
$21.6M
In service
$377.5M
$374.6M
$370.7M
$359.2M
Accumulated depreciation and amortization
($106.1M)
($103.9M)
($102.2M)
($98.3M)
In service, net
$271.4M
$270.7M
$268.4M
$260.9M
Construction work in progress
$11.1M
$8.2M
$8.6M
$9.7M
Utility property, net
$282.5M
$278.9M
$277.0M
$270.5M
Regulatory assets
$5.3M
$3.4M
$3.3M
$4.3M
Investment in unconsolidated affiliates
$22.3M
$21.9M
$21.3M
$20.9M
Benefit plan assets
$6.1M
$6.0M
$6.0M
$5.4M
Deferred income taxes
$210.4K
$250.4K
$306.0K
$841.2K
Interest rate swaps
$823.2K
$411.6K
$356.5K
$576.3K
Other
$502.8K
$557.5K
$565.1K
$642.6K
Total other non-current assets
$35.1M
$32.5M
$31.8M
$32.6M
TOTAL ASSETS
$339.7M
$337.1M
$341.0M
$324.8M
Current maturities of long-term debt
$2.8M
$17.8M
$17.8M
$2.5M
Dividends payable
$2.3M
$2.3M
$2.3M
$2.1M
Accounts payable
$8.5M
$6.0M
$9.4M
$6.7M
Capital contributions payable
$392.2K
$129.3K
—
—
Customer credit balances
$1.1M
$767.7K
$1.8M
$1.0M
Income taxes payable
$147.9K
$1.8M
$73.1K
$76.5K
Customer deposits
$2.0M
$1.9M
$1.8M
$1.5M
Accrued expenses
$4.1M
$3.7M
$3.2M
$3.8M
Interest rate swaps
$35.7K
$0
$31.2K
—
Regulatory liabilities
$2.1M
$2.8M
$3.7M
$2.9M
Other
$32.1K
$31.7K
$31.2K
$22.0K
Total current liabilities
$23.4M
$37.3M
$40.1M
$20.7M
Line-of-credit
$12.8M
$10.7M
$19.3M
$0
Notes payable
$133.1M
$118.6M
$119.1M
$135.0M
Unamortized debt issuance costs
($344.4K)
($351.8K)
($381.1K)
($213.6K)
Long-term debt, net
$145.6M
$128.9M
$138.0M
$139.7M
Asset retirement obligations
$12.1M
$11.9M
$11.8M
$11.5M
Regulatory cost of retirement obligations
$17.0M
$16.6M
$16.2M
$15.5M
Benefit plan liabilities
$250.9K
$215.4K
$213.5K
$131.6K
Deferred income taxes
$3.7M
$3.2M
$3.2M
$1.7M
Interest rate swaps
$77.4K
$0
$208.7K
—
Regulatory liabilities
$14.4M
$14.5M
$14.7M
$18.9M
Other
$304.3K
$310.2K
$316.5K
$328.9K
Cash flow statement
RGC Resources Inc cash flow statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Net income
$13.3M
$11.8M
$11.3M
($31.7M)
Depreciation and amortization
$11.5M
$10.5M
$10.0M
$9.2M
Cost of retirement of utility property
($512.9K)
($576.8K)
($824.6K)
($630.3K)
Stock-based compensation
$673.1K
$711.9K
—
—
Equity in earnings of unconsolidated affiliate
($3.2M)
($3.9M)
($2.1M)
($73.3K)
Distributions from unconsolidated affiliate
$3.6M
—
—
—
Donated property
($762.2K)
($782.0K)
—
—
Deferred income taxes
$318.7K
($121.8K)
$38.2K
($14.3M)
Other noncash items, net
$371.2K
$516.8K
($67.3K)
$317.2K
Accounts receivable and customer deposits, net
($293.6K)
($275.2K)
$1.4M
($646.4K)
Inventories and gas in storage
$175.2K
$2.6M
$5.3M
($9.2M)
Regulatory and other assets
$2.9M
($2.8M)
($891.2K)
$3.9M
Regulatory liabilities
($405.1K)
($1.0M)
$88.4K
$3.3M
Other
$1.3M
$736.0K
—
—
Net cash provided by operating activities
$28.9M
$17.4M
$23.8M
$15.6M
Additions to utility property
($20.7M)
($22.1M)
($25.3M)
($25.5M)
Investment in unconsolidated affiliates
($76.4K)
($18.3K)
($2.1M)
($5.3M)
Proceeds from disposal of utility property
$72.9K
$79.0K
$37.9K
$106.0K
Net cash used in investing activities
($20.7M)
($22.0M)
($27.4M)
($30.6M)
Borrowings under line-of-credit
$48.6M
$45.4M
$33.2M
$36.9M
Repayments under line-of-credit
($47.8M)
($38.6M)
($28.8M)
($54.5M)
Proceeds from issuance of unsecured notes
$17.5M
$10.9M
$1.1M
$39.3M
Retirement of notes payable
($18.2M)
($10.2M)
($1.3M)
($25.1M)
Debt issuance expenses
($184.3K)
($101.2K)
($33.7K)
($58.2K)
Proceeds from issuance of stock
($1.8M)
($4.7M)
($3.9M)
($29.0M)
Cash dividends paid
($8.5M)
($8.1M)
($7.8M)
($7.0M)
Net cash provided by (used in) financing activities
($6.8M)
$4.0M
$218.9K
$18.4M
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
$1.4M
($618.2K)
($3.4M)
$3.4M
BEGINNING CASH AND CASH EQUIVALENTS
$894.2K
$1.5M
$4.9M
$1.5M
ENDING CASH AND CASH EQUIVALENTS
$2.3M
$894.2K
$1.5M
$4.9M
Interest
$6.4M
$6.3M
$5.3M
$4.3M
Income taxes
$4.2M
$2.9M
$1.8M
$2.3M
Accrued capital expenditures
$1.4M
$1.3M
—
—
Proceeds and retirement of borrowings with the same financial institution
$38.6M
—
—
—
RGC Resources Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · YTD
Dec 31, 2025 · Q1
Jun 30, 2025 · YTD
Net income
$14.2M
$13.6M
$4.9M
$13.5M
Depreciation and amortization
$9.2M
$6.1M
$3.1M
$8.6M
Cost of retirement of utility property
($363.7K)
($266.4K)
($198.7K)
($381.6K)
Stock-based compensation
$608.1K
$486.7K
$112.7K
$560.3K
Equity in earnings of unconsolidated affiliates
($2.5M)
($1.7M)
($827.1K)
($2.4M)
Distributions from unconsolidated affiliate
$2.4M
$1.4M
$753.5K
$2.7M
Changes in assets and liabilities which (used) provided cash, exclusive of changes and noncash transactions shown separately