Rgc Resources Inc. · NASDAQ:RGCO
Rgc Resources — Q4 2025 Earnings Presentation
16 slides from Rgc Resources's earnings presentation, Dec 4, 2025
Slide 1: Q4 2025 Earnings Call
RGC|Resources’ Q4 2025 | Earnings Call ors: eT December 4, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements The statements in this presentation contain forward-looking statements that relate to future transactions, events or expectations. In addition, Resources may announce or publish forward-looking statements relating to such matters as anticipated financial performance, busin
Slide 3: Agenda
Agenda Q Q4 2025 Highlights Q Operations Q Financial Q 2026 Outlook Q Questions RGC|Resources
Slide 4: Customer and Infrastructure Growth
Customer and Infrastructure Growth Expansion Renewal 4.8 miles main (+ 50% from FY24) 4.2 miles main 712 services 348 services
Slide 5: QTD Gas Volumes
QTD Gas Volumes DTHs Delivered mQ4 2025 HQ42024 1,200 » 1,000 2 § 800 3 = 600 400 200 Residential Commercial Industrial Q4 2025 vs Q4 2024 Total Volumes 8% Commercial & Industrial Volumes 19% Heating Degree Days 14 vs 10
Slide 6: Full-year Gas Volumes
Full-year Gas Volumes DTHs Delivered m2025 ©2024 5,000 4,000 5 8 3.000 * 2,000 1,000 Residential Commercial Industrial 2025 vs 2024 Total Volumes 14% Commercial & Industrial Volumes 17% Heating Degree Days 18%
Slide 7: Roanoke Gas CapEx
Roanoke Gas CapEx $25.0 Customer $20.0 Growth & System Expansion $15.0 $7.4 6S System 5 $10.0 Enhancements $3.9 $5.0 $0.0 $1.4 million or 6.2% decrease
Slide 8: Consolidated Financial Results
Consolidated Financial Results For the periods ended September 30, (Presented in thousands, except per share data) [Three Months Ended Twelve Months Ended _| [2025 [2024 2025 [| 2024 —«| Operating revenues $ 14318 $ 13,104] $ 95,334 $84,641 Operating expenses 14,795 12,861 76,887 67,559 Operating in
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet As of September 30, (Presented in thousands) Assets Current assets $ 23,319 $ 25,072 Utility property, net 274,914 262,041 Other non-current assets 31,607 33,586 Total Assets $329,840 _$ _ 320,699 Liabilities and Stockholders’ Equity Current maturities of long-term debt $
Slide 10: 2026 Outlook
2026 Outlook Q Growth and development Q Rate case Q Capital forecast Q Dividend Q Earnings RGC
Slide 11: Growth and Development
Growth and Development Q Local Activity Q New housing Q Health Care / Medical Q MVP Q Regional Activity Q Botetourt County Google Q Franklin County Q Montgomery County
Slide 12: Rate Case
Rate Case a Filed an Expedited Rate Case on December 2, 2025 a Approximately $4.3M incremental annual revenue a_ Based on authorized ROE of 9.90% a Rates effective January 2026, subject to refund Q_ Expect final resolution within 12-18 months Q Rate increase will be offset by customer bill credits a
Slide 13: 2026 Capital Forecast
2026 Capital Forecast SAVE Rider $10.8 Customer Growth & 6.4 System Expansion System Enhancements 4.8 Total $ 22.0
Slide 14: 2026 Drivers
2026 Drivers 2025 Q RRHA transfers complete Q Record dekatherm delivery 2026 Q New rate case Q SAVE Rider revenue and capital growth Q Depreciation and property taxes grow with capital investments Q Dividend raised 4.8% to $0.87/share
Slide 15: Earnings Per Share
Earnings Per Share $1.36 $1.35 Dividend $1.29 Payout eal Ratio: $0.06 $1.24 —— 64% $1.18 Tis ne ” 69% $1.12 $0.06 $1.23 $1.06 $1.10 $1.00 = 2024 Actual 2025 Actual 2026 Guidance MEPS HRRHAImpact MRange
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