Slide 1: Q1 2025 Earnings Call
as us ee = Q1 2025 Earnings Call | PE February 11, 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 Qt 2025 Highlights Q Operations . Q Financial Q 2025 Outlook Q Questions
Slide 4: Customer and Infrastructure Growth
Customer and Infrastructure Growth Expansion Renewal 1.1 miles main 0.9 miles main 197 services 65 services
Slide 5: QTD Gas Volumes
QTD Gas Volumes DTHs Delivered mQi2025 ™Qi2024 Thousands Residential Commercial Industrial Q1 2025 vs Q1 2024 Total Volumes 16% Commercial & Industrial Volumes 24% Heating Degree Days 10%
Slide 6: Roanoke Gas CapEx
Roanoke Gas CapEx $7.0 MVP Growth ion $0.1 5.0 g Customer $4.0 Growth & system 2 Expansion z $1.9 5 $3.0 SAVE Rider a $2.9 Utility & IT Upgrades $1.0 i $0.0 $0.4 million or 8.4% increase
Slide 7: Consolidated Financial Results
Consolidated Financial Results For the periods ended December 31, (Presented in thousands, except per share data) Three Months Ended 2024 | 2023 Operating revenues $ 27,289 $ 24,419 Operating expenses 19,961 17,767 Operating income 7,328 6,652 Equity in earnings of unconsolidated affiliate 854 1,468
Slide 8: 2025 Growth
2025 Growth ) Industrial and commercial New housing Franklin County
Slide 9: 2025 Capital Forecast
2025 Capital Forecast 44% Ss SAVE & Renewals $ 9.5 Utility & IT Upgrades 5.6 Customer Growth & 41 System Expansion MVP Growth 2.4 Total $ 21.6
Slide 10: Earnings Per Share
Earnings Per Share $1.30 $1.25 — 1.24 @ Dividend Payout Ratio: 1.18 < 3 $1.16 a 66% $1.12 = 70% $1.06 $1.00 ss 2024 Actual 2025 Forecast MEPS @ Range
Slide 11: d
d 5