RGC Resources reported consolidated net income of $8.7 million for the quarter ended March 31, 2026, yielding $0.84 per diluted share compared with $7.7 million, or $0.74 per share, in the same period last year. Operating revenues rose to $45.5 million from $36.5 million, while operating income increased to $11.3 million from $10.4 million year-over-year.

Higher operating margins resulted from interim base rates that took effect January 1, partially offset by increased operating expenses and depreciation. A 13% uptick in equity earnings from the Mountain Valley Pipeline and a reduction in interest expense also contributed to the quarterly gain.

The Company has an expedited rate case under review by the State Corporation Commission, with interim rates applied at the start of 2026 and subject to potential refunds. Management highlights that these rates helped offset inflationary pressures encountered during Winter Storm Fern.

Through six months, net income reached $13.6 million, or $1.31 per diluted share, up from $12.9 million, or $1.26 per share, in the prior year. The first half’s results benefited from the same margin improvements and lower interest costs seen in the second quarter.