RGC Resources Inc. (RGCO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us as we discuss RGC Resources' 2026 First Quarter Results. I am Kelsey Davenport, Director of Finance for RGC Resources, Inc. I am joined this morning by Paul Nestor, President and CEO of RGC Resources, Tim Mulvaney, our VP, Treasurer, and Chief Financial Officer, and Tommy Oliver, our Senior Vice President of Regulatory and External Affairs. Let's review a few administrative items. We have reached all lines and ask that all participants remain muted. The link to today's presentation is available on the investor and financial information page of our website at www.rgcresources.com. At the conclusion of the presentation and our remarks, we will take questions. Turning to slide one, this presentation contains forecasts, projections, and comments about earnings, capital spending, and gas prices. Slide 1 has information about risks and uncertainty, including forward-looking statements that should be understood in the context of our public filing. Slide 2 contains our agenda. We will discuss our operational and financial highlights for the first quarter of our 2026 fiscal year. We will then review our outlook for the rest of the 2026 fiscal year, including an eventful January, with time allotted for questions at the end. I will now turn the presentation over to Paul. Thank you, Kelsey, and good morning. We are on slide three. Main extensions and renewal activity in the first quarter of fiscal 2026 was steady. We installed .6 new main miles in the first quarter and connected 196 new services, which is almost exactly the same as last year with 197 new services in the first quarter of 2025. Just a comment there. Main miles are down a little bit. Last year we had 1.1 new main miles. Some of that's dependent on weather. We've actually g...