RGC RESOURCES INC

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

RGCO$23.19+0.2%Stored close · as of Nov 6, 2026

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Contents

Item 1. Condensed Consolidated Balance Sheets

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31,	September 30,
	2026	2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$3,391,986	$2,320,369
Accounts receivable (less allowance for credit losses of $560,140 and $142,911, respectively)	13,106,061	4,836,982
Inventories	1,982,592	2,018,316
Gas in storage	1,701,847	8,097,586
Prepaid income taxes	—	1,618,560
Regulatory assets	2,504,443	2,582,838
Interest rate swaps	596,849	828,573
Other	2,428,906	1,015,967
Total current assets	25,712,684	23,319,191
UTILITY PROPERTY:
In service	374,572,146	366,843,353
Accumulated depreciation and amortization	(103,864,589)	(100,131,084)
In service, net	270,707,557	266,712,269
Construction work in progress	8,172,159	8,201,314
Utility property, net	278,879,716	274,913,583
OTHER NON-CURRENT ASSETS:
Regulatory assets	3,355,058	3,315,082
Investment in unconsolidated affiliates	21,921,231	20,723,697
Benefit plan assets	6,016,593	5,935,885
Deferred income taxes	250,381	617,390
Interest rate swaps	411,615	421,511
Other	557,540	593,227
Total other non-current assets	32,512,418	31,606,792
TOTAL ASSETS	$337,104,818	$329,839,566

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31,	September 30,
	2026	2025
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$17,846,018	$2,846,018
Dividends payable	2,263,556	2,145,558
Accounts payable	5,998,149	7,085,817
Capital contributions payable	129,307	—
Customer credit balances	767,714	1,891,161
Income taxes payable	1,787,958	—
Customer deposits	1,947,063	1,537,311
Accrued expenses	3,717,960	5,312,204
Interest rate swaps	—	57,144
Regulatory liabilities	2,845,329	1,638,911
Other	31,676	25,600
Total current liabilities	37,334,730	22,539,724
LONG-TERM DEBT:
Line-of-credit	10,710,995	11,916,760
Notes payable	118,566,358	134,258,197
Unamortized debt issuance costs	(351,813)	(405,794)
Long-term debt, net	128,925,540	145,769,163
DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES:
Asset retirement obligations	11,908,841	11,640,435
Regulatory cost of retirement obligations	16,636,661	15,869,691
Benefit plan liabilities	215,397	201,194
Deferred income taxes	3,181,545	2,277,550
Interest rate swaps	—	298,016
Regulatory liabilities	14,507,406	17,371,430
Other	310,193	319,573
Total deferred credits and other non-current liabilities	46,760,043	47,977,889
STOCKHOLDERS’ EQUITY:
Common stock, $5 par; authorized 20,000,000 shares; issued and outstanding 10,405,811 and 10,338,308 shares, respectively	52,029,055	51,691,540
Preferred stock, no par, authorized 5,000,000 shares; no shares issued and outstanding	—	—
Capital in excess of par value	50,394,110	49,311,486
Retained earnings	21,391,030	12,288,032
Accumulated other comprehensive income	270,310	261,732
Total stockholders’ equity	124,084,505	113,552,790
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$337,104,818	$329,839,566

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.