Filing Flows › RGC Resources (RGCO) › Q2 FY26
RGC Resources (RGCO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
RGC Resources (RGCO) reported revenue of $45.5M for the second quarter fiscal 2026 (Q2 FY26), +25% from a year earlier and +50% from the quarter before. Operating margin was 24.8%, net earnings $8.7M (19.2% of revenue).
RGC Resources, Q2 FY26: revenue $45.5M (+25% year over year), operating margin 24.8%, net earnings $8.7M, operating cash flow $15.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.5M | +50% | +25% |
| Operating profit | $11.3M | +72% | +9% |
| Net earnings | $8.7M | +79% | +14% |
| Operating cash flow | $15.4M | 14× | -27% |
| Free cash flow | $11.2M | — | -30% |
What changed
Revenue was $45.5M in Q2 FY26, up 25% year over year and up 50% from the previous quarter. Gas Utility was the largest line at 100% of revenue. Gas Utility added $9.0M year over year (up 25%), 100% of the total change. Non-utility declined 8%.
Operating profit was $11.3M, a 24.8% margin (down 3.7 points year over year). Of the extra revenue versus Q2 FY25, 10% reached operating profit, below the 29% margin then. Total costs grew 31% against revenue growth of 25%. Net earnings were $8.7M, up 14% year over year. The effective tax rate was 22.6%.
Operating cash flow was $15.4M (down 27% year over year), 176% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $374K of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $4.2M left free cash flow of $11.2M.
Questions
What was RGC Resources' revenue in the second quarter fiscal 2026?
RGC Resources (RGCO) reported revenue of $45.5M for the second quarter fiscal 2026 (Q2 FY26), +25% from a year earlier and +50% from the quarter before.
Was RGC Resources profitable in the second quarter fiscal 2026?
Operating profit was $11.3M (24.8% of revenue) and net earnings $8.7M.
Source: RGC Resources 10-Q on SEC EDGAR.