RGCO — what changed in the latest 10-Q
A section-by-section comparison of RGCO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2026-02-09
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +31 | −10 | ~23 | 26 |
| Market risk (Item 3) | Text added/removed | +5 | 0 | ~3 | 13 |
| Controls & procedures | Text added/removed | +5 | 0 | ~3 | 13 |
| Legal proceedings | Text added/removed | +4 | 0 | ~1 | 11 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | 0 | 0 | 10 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
Net income increased by $1,068,282 for the three months ended March 31, 2026, compared to the same period last year, primarily due to implementation of higher non-gas base rates effective January 1, 2026.
Total operating revenues for the three months ended March 31, 2026, compared to the same period last year, increased by approximately 25% primarily due to the implementation of a non-gas base rate increase, higher natural gas commodity prices and increased SAVE revenues, slightly offset by a reducti…
Other income, net increased by $228,788, or 49%, primarily due to increased interest income and postretirement income, partially offset by a decrease in revenue sharing related to the renewed asset management agreement.
Interest expense decreased by $44,437, or 3%, as the weighted-average interest rate on total debt decreased from 4.33% during the second quarter of fiscal 2025 to 4.10% in the current quarter. Midstream's interest expense decreased by $89,017, or 13%, as the total average debt outstanding decreased …
Income tax expense increased by $191,767, or 8%, primarily corresponding to the increase in pre-tax income. The effective tax rate was 22.6% and 23.5% for the three-month periods ended March 31, 2026 and 2025, respectively. The effective tax rate is below the combined statutory state and federal rat…
Text removed vs the prior filing · source: 10-Q · 2026-02-09
Net income decreased by $386,824 for the three months ended December 31, 2025, compared to the same period last year, primarily due to continued inflationary pressures on operating costs slightly offset by lower interest expense and income taxes.
Total operating revenues for the three months ended December 31, 2025, compared to the same period last year, increased by approximately 11% primarily due to higher gas costs resulting from interstate pipeline providers increasing their rates over $1,000,000. Increased residential and commercial del…
Interest expense decreased by $108,780, or 6%, as the weighted-average interest rate on total debt decreased from 4.45% during the first quarter of fiscal 2025 to 4.14% in the current quarter. Midstream's interest expense decreased by $121,278, or 16%, as the total average debt outstanding decreased…
Income tax expense decreased by $277,570, or 17%, primarily corresponding to the decrease in pre-tax income. The effective tax rate was 21.4% and 23.4% for the three-month periods ended December 31, 2025 and 2024, respectively. The effective tax rate is below the combined statutory state and federal…
Cash flows from operating activities for the three months ended December 31, 2025 increased by $252,670 compared to the same period last year. Colder weather and increased gas costs compared to the same period last year resulted in higher accounts receivable and accounts payable balances increasing …
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-07
On April 1, 2026, the Company implemented a new system of record for revenue transactions with customers. While the Company expects this implementation to either strengthen or have minimal impact to existing internal controls, we will continue to evaluate and monitor our internal control over financ…
Risks associated with the operation of a natural gas distribution pipeline and LNG storage facility.
Numerous potential risks are inherent in the operation of a natural gas distribution system and LNG storage facility, including unanticipated or unforeseen events that are beyond the control of the Company. Examples of such events include adverse weather conditions, acts of terrorism or sabotage, ac…
10.1 First Amendment to Amended and Restated Promissory Note and Third Amendment to Amended and Restated Loan Agreement by Roanoke Gas Company with Pinnacle Bank, dated March 17, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed March 19, 2026).
10.2 Fourth Amendment to Private Shelf Agreement dated as of March 30, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed April 1, 2026).
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-07
On April 1, 2026, the Company implemented a new system of record for revenue transactions with customers. While the Company expects this implementation to either strengthen or have minimal impact to existing internal controls, we will continue to evaluate and monitor our internal control over financ…
Risks associated with the operation of a natural gas distribution pipeline and LNG storage facility.
Numerous potential risks are inherent in the operation of a natural gas distribution system and LNG storage facility, including unanticipated or unforeseen events that are beyond the control of the Company. Examples of such events include adverse weather conditions, acts of terrorism or sabotage, ac…
10.1 First Amendment to Amended and Restated Promissory Note and Third Amendment to Amended and Restated Loan Agreement by Roanoke Gas Company with Pinnacle Bank, dated March 17, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed March 19, 2026).
10.2 Fourth Amendment to Private Shelf Agreement dated as of March 30, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed April 1, 2026).
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-05-07
Risks associated with the operation of a natural gas distribution pipeline and LNG storage facility.
Numerous potential risks are inherent in the operation of a natural gas distribution system and LNG storage facility, including unanticipated or unforeseen events that are beyond the control of the Company. Examples of such events include adverse weather conditions, acts of terrorism or sabotage, ac…
10.1 First Amendment to Amended and Restated Promissory Note and Third Amendment to Amended and Restated Loan Agreement by Roanoke Gas Company with Pinnacle Bank, dated March 17, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed March 19, 2026).
10.2 Fourth Amendment to Private Shelf Agreement dated as of March 30, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed April 1, 2026).
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-07
10.1 First Amendment to Amended and Restated Promissory Note and Third Amendment to Amended and Restated Loan Agreement by Roanoke Gas Company with Pinnacle Bank, dated March 17, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed March 19, 2026).
10.2 Fourth Amendment to Private Shelf Agreement dated as of March 30, 2026 (incorporated herein by reference to Exhibit 10.1 on Form 8-K as filed April 1, 2026).
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice