0001437749-26-015653
SEC filingStrong Q2 results driven by robust revenue growth from higher base rates and passed-through gas costs, yielding double-digit net income and EPS gains despite seasonal cash flow pressures.
Cash flows reflected seasonal patterns typical for a gas utility. Net cash from operating activities totaled $16.5 million, down from $21.8 million, as Q2 sees moderate flows from building natural gas storage levels and growing customer receivables ahead of peak winter demand. Capital expenditures of $9.8 million, lower than $11.3 million last year, supported ongoing utility investments, yielding $6.7 million in free cash flow. Management monitors liquidity via financing resources and cash flows, bolstered by the September 2025 refinancing of all debt supporting the Mountain Valley Pipeline (MVP) investment.