Slide 1: Q1 2026 Earnings Call
RGC Q1 2026 Earnings Call February 10, 2026
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 Qi 2026 Highlights Q Operations Q Financial Q 2026 Outlook Q Questions RGC|Resources|
Slide 4: Customer and Infrastructure Growth
Customer and Infrastructure Growth Expansion Renewal 0.6 miles main 0.6 miles main 196 services 117 services RGC
Slide 5: Q1 Gas Volumes
Q1 Gas Volumes DTHs Delivered Ql 2026 HQ1 2025 1,400 4200 3 — 1,000 3 800 F 600 400 200 Residential Commercial Industrial Q1 2026 vs Q1 2025 Total Volumes ~% Commercial & Industrial Volumes (4)% Heating Degree Days 11%
Slide 6: Roanoke Gas CapEx
Roanoke Gas CapEx $0.1 million or 1.8% decrease Customer Growth & System Expansion $18 System Enhancements $1.4
Slide 7: Consolidated Financial Results
Consolidated Financial Results For the periods ended December 31, (Presented in thousands, except per share data) Three Months Ended 2025 2024 Operating revenues S 30,260 $ 27,289 Operating expenses 23,710 19,961 Operating income 6,550 7,328 Earnings of unconsolidated affiliates 827 854 Other income
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet As of December 31, (Presented in thousands) Assets Current assets $ 32,189 $ 23,319 Utility property, net 277,035 274,914 Other non-current assets 31,820 31,607 Total Assets $ 341,044 $ 329,840 Liabilities and Stockholders’ Equity Current maturities of long-term debt $ 17,
Slide 9: 2026 Developments
2026 Developments Q Economic and Political Q Industrial and Commercial Q Winter Storm Fern Q Rate Case RGC|Resources:
Slide 10: Winter Storm Fern
Winter Storm Fern Q System performance was excellent Q LNG plant Q No loss of customers Q Gas volumes a Residential a Commercial Q_ Interruptible
Slide 11: 2026 Gas Prices (Henry Hub)
2026 Gas PTiCes «ettenry Hub) $35.00 $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 s RGC|Resources:
Slide 12: Rate Case
Rate Case Q Filed an Expedited Rate Case on December 2, 2025 Approximately $4.3M incremental annual revenue Based on authorized ROE of 9.90% Rates effective January 2026, subject to refund Expect final resolution in Q1 of fiscal 2027 OoBOoG Q Rate increase will be offset by customer bill credits Q R
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: Earnings Per Share
Earnings Per Share $1.36 $1.35 ~~) Dividend Payout $1.30 Ratio: $1.24 LU 64% $1.18 69% $1.12 $1.06 $1.00 se) 2025 Actual 2026 Guidance @eEPS @Range
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