Slide 1: Q1 2024 Earnings Call
Q1 2024 Earnings Call February 7, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements The statements in this presentation by RGC Resources, Inc. (the Company") 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 uncert
Slide 3: Agenda
Agenda Q Operational and Financial Highlights Q 2024 Outlook Q Questions
Slide 4: Customers and Infrastructure
Customers and Infrastructure Average Customers for 12 months Expansion ended December 31, 63,000 62,780 QO 0.7 miles main «2800 OA e2.629 62,600 QO 185 services omn _ H ee ee eens 62,000 61,800 61,600 O) 63,219 total si abo customers 61,200 61,000 2020 2021 2022 2023
Slide 5: Q1 Gas Volumes
Q1 Gas Volumes eaten wera aOEHS Delivered 1,600 1,400 8 1,200 $ 1,000 8 = 800 600 400 200 : Residential Commercial Industrial Q1 2024 vs Q1 2023 Total Volumes (9%) Commercial & Industrial Volumes (4%) Heating Degree Days (19%) at
Slide 6: Roanoke Gas Q1 CapEx
Roanoke Gas Q1 CapEx MVP Growth $0.3 Customer Growth & System Expansion $15 Other SAVE Rider Capital $2.2 $13 $2.2 million or 29.6% decrease
Slide 7: Consolidated Financial Results
Consolidated Financial Results For the periods ended December 31, (Presented in thousands, except per share data) Three Months Ended 2023 2022 Operating revenues $ 24,419 $ 33,282 Operating expenses 17,767 Operating income 6,652 Equity in earnings of unconsolidated affiliate 1,468 Other income, net
Slide 8: 2024 Outlook
2024 Outlook Q Roanoke Gas Capital
Slide 9: 2024 CapEx Forecast
2024 CapEx Forecast SAVE & Renewals Utility Upgrades Customer Growth & System Expansion MVP Growth Total
Slide 10: MVP
MVP Project Status Roanoke Gas Interconnects
Slide 11: Earnings Per Share
Earnings Per Share $1.20 $1.16 $1.14 = 1.14 : Dividend Payout Ratio: $1.08 = 69% $1.02 $1.10 ia 73% $0.96 $0.90 2023 Actual 2024 Forecast a mEPS Range 10
Slide 12: as
as