RGC Resources Inc. (RGCO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The host is recording this meeting. Line muted. Press pound pound one or hash hash one to speak. Good morning, and thank you for joining us as we discuss RGC Resources' 2026 second quarter results. I'm Kelsey Davenport, Director of Finance of RGC Resources, Inc., and I'm joined this morning by Paul Nestor, President and CEO of RGC Resources. Tim Mulvaney, our VP Treasurer and Chief Financial Officer, and Tommy Oliver, Senior Vice President of Regulatory and External Affairs. Let's review a few administrative items. We have muted 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 and projections. Slide one has information about risks and uncertainties, including forward-looking statements that should be understood in the context of our public filings. Slide two contains our agenda. We will discuss operational and financial highlights for the second quarter and first six months of our 2026 fiscal year. We will then review our outlook for the rest of the 2026 fiscal year with time allotted for questions at the end. I will now turn the presentation over to Tommy. Well, thank you, Kelsey, and good morning, everyone. Turning now to operations on slide three. Main extensions and renewal activity for the first half of fiscal 2026 were steady. We installed 2.7 main miles, a similar total to the main miles installed in the first half of fiscal 2025. In addition, we connected 340 new services in 2026, which was close to the 359 connections from 2025, evidence that residential development continued across the ...