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Subsequent Events
6 Months Ended
Mar. 31, 2013
Subsequent Events

14) Subsequent Events

Quarterly Distribution Declared

In April 2013, we declared a quarterly distribution of $0.0825 per unit, or $0.33 per unit on an annualized basis, on all common units with respect to the second quarter of fiscal 2013, payable on May 6, 2013, to holders of record on April 26, 2013. In accordance with our Partnership Agreement, the amount of distributions in excess of the minimum quarterly distribution of $0.0675, are distributed 90% to the holders of common units and 10% to the holders of the General Partner units (until certain distribution levels are met), subject to the management incentive compensation plan. As a result, $4.9 million will be paid to the common unit holders, $0.07 million to the General Partner (including $0.05 million of incentive distribution as provided in our Partnership Agreement) and $0.05 million to management pursuant to the management incentive compensation plan which provides for certain members of management to receive incentive distributions that would otherwise be payable to the General Partner.

Acquisition

In April 2013, the Partnership purchased for cash the customer lists and assets of a home heating oil dealership for approximately $0.6 million, including net working capital credits of $0.1 million.

Unit Repurchase

In April 2013, the Partnership repurchased 161,000 common units under its Plan III common unit repurchase program.