Key Highlights

  • RGC Resources declared a $0.2175 quarterly dividend on September 28, payable November 2 to holders of record October 16.
  • It is the company’s 330th consecutive quarterly cash dividend, up from $0.2075 in the same quarter a year earlier.
  • Fiscal third-quarter net income was $559,000, or $0.05 per diluted share, compared with $538,000, or $0.05, a year earlier.
  • Nine-month net income was $14.2 million, or $1.37 per diluted share, versus $13.5 million, or $1.31, a year earlier.

RGC Resources (NASDAQ:RGCO) declared a quarterly dividend of $0.2175 per share on September 28, 2026, payable on November 2 to holders of record on October 16. It is the Virginia energy company’s 330th consecutive quarterly cash dividend. Fiscal third-quarter net income was $559,000, or $0.05 per diluted share, compared with $538,000, or $0.05 per diluted share, a year earlier.

Dividend Program and Shareholder Returns

RGC Resources declared a quarterly cash dividend of $0.2175 per share on September 28, 2026. It is payable on November 2, 2026, to holders of record on October 16, 2026, which is also the ex-dividend date. The company described it as its 330th consecutive quarterly cash dividend.

The dividend for the same quarter a year earlier was $0.2075 per share. Cash dividends per share were $0.6525 for the nine months ended June 30, 2026, versus $0.6225 a year earlier. Cash dividends paid for the nine months were $6,669,664, versus $6,326,561.

About the Company

RGC Resources provides energy and related products and services to customers in Virginia through subsidiaries including Roanoke Gas Company and RGC Midstream, LLC. Its common stock trades on the Nasdaq, and its fiscal year ends September 30. The company had 10,419,556 shares outstanding at July 31, 2026.

Financial Performance Behind the Payout

For the fiscal third quarter ended June 30, 2026, net income was $559,000, or $0.05 per diluted share, versus $538,000, or $0.05 per diluted share, a year earlier. Operating margin was $757,000 higher, with “higher non-gas base rates that became effective January 1, 2026.”

For the nine months, net income was $14.2 million, or $1.37 per diluted share, versus $13.5 million, or $1.31 per diluted share, a year earlier.

Net cash from operating activities was $22,408,613 for the nine months, versus $28,273,016 a year earlier. Long-term debt, net, was $145,607,087, with current maturities of $2,846,018.

SAVE Investment and Customer Volumes

SAVE stands for Steps to Advance Virginia’s Energy, a regulatory mechanism under Chapter 26 of Title 56 of the Code of Virginia that allows natural gas utilities to recover investment.

Chief Executive Officer Paul Nester said: “This year’s third quarter included improved margins from higher base rates and SAVE investment.” The release said those gains were offset by “persistent inflation and the effect of an industrial customer ceasing operations.”

Firm volumes were steady, and interruptible industrial volumes increased “albeit at lower-tiered margins.” The company also cited “continued residential growth.”

Outlook

RGC Resources has declared a dividend of $0.2175 per share payable on November 2, 2026.

Base rates, SAVE investment, customer volumes, inflation and debt levels are the relevant factors for the dividend. Net cash from operating activities, which was $22,408,613 for the nine months, and long-term debt of $145,607,087 are also relevant.