Derivatives and Hedging-Disclosures and Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Company's Commodity Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s commodity financial assets and liabilities measured at fair value on a recurring basis are listed on the following table.

(In thousands)					Fair Value Measurements at Reporting Date Using:
Derivatives Not Designated as Hedging Instruments					Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
Under FASB ASC 815-10	Balance Sheet Location	Total			Level 1		Level 2
Asset Derivatives at December 31, 2021
Commodity contracts	Fair asset value of derivative instruments	$	21,640		$	—	$	21,640
Commodity contracts	Long-term derivative liabilities included in the deferred charges and other assets, net		1,878			—		1,878
Commodity contract assets at December 31, 2021		$	23,518		$	—	$	23,518
Liability Derivatives at December 31, 2021
Commodity contracts	Fair asset value of derivative instruments	$	(5,037	)	$	—	$	(5,037	)
Commodity contracts	Long-term derivative liabilities included in the deferred charges and other assets, net		(379	)		—		(379	)
Commodity contract liabilities at December 31, 2021		$	(5,416	)	$	—	$	(5,416	)
Asset Derivatives at September 30, 2021
Commodity contracts	Fair asset value of derivative instruments	$	29,360		$	—	$	29,360
Commodity contracts	Long-term derivative liabilities included in the deferred charges and other assets, net		2,023			—		2,023
Commodity contract assets September 30, 2021		$	31,383		$	—	$	31,383
Liability Derivatives at September 30, 2021
Commodity contracts	Fair asset value of derivative instruments	$	(3,138	)	$	—	$	(3,138	)
Commodity contracts	Long-term derivative liabilities included in the deferred charges and other assets, net		(463	)		—		(463	)
Commodity contract liabilities September 30, 2021		$	(3,601	)	$	—	$	(3,601	)

Company's Commodity Derivatives Assets (Liabilities) Offset by Counterparty

The Company’s commodity derivative assets (liabilities) offset by counterparty and subject to an enforceable master netting arrangement are listed on the following table.

(In thousands)								Gross Amounts Not Offset in the Statement of Financial Position
Offsetting of Financial Assets (Liabilities) and Derivative Assets (Liabilities)	Gross Assets Recognized		Gross Liabilities Offset in the Statement of Financial Position			Net Assets (Liabilities) Presented in the Statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
Fair asset value of derivative instruments	$	21,640	$	(5,037	)	$	16,603	$	—	$	—	$	16,603
Long-term derivative assets included in deferred charges and other assets, net		1,878		(379	)		1,499		—		—		1,499
Total at December 31, 2021	$	23,518	$	(5,416	)	$	18,102	$	—	$	—	$	18,102
Fair asset value of derivative instruments	$	29,360	$	(3,138	)	$	26,222	$	—	$	—	$	26,222
Long-term derivative assets included in deferred charges and other assets, net		2,023		(463	)		1,560		—		—		1,560
Total at September 30, 2021	$	31,383	$	(3,601	)	$	27,782	$	—	$	—	$	27,782

Company's Commodity Derivatives Assets (Liabilities) Offset by Counterparty

The Company’s commodity derivative assets (liabilities) offset by counterparty and subject to an enforceable master netting arrangement are listed on the following table.

(In thousands)								Gross Amounts Not Offset in the Statement of Financial Position
Offsetting of Financial Assets (Liabilities) and Derivative Assets (Liabilities)	Gross Assets Recognized		Gross Liabilities Offset in the Statement of Financial Position			Net Assets (Liabilities) Presented in the Statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
Fair asset value of derivative instruments	$	21,640	$	(5,037	)	$	16,603	$	—	$	—	$	16,603
Long-term derivative assets included in deferred charges and other assets, net		1,878		(379	)		1,499		—		—		1,499
Total at December 31, 2021	$	23,518	$	(5,416	)	$	18,102	$	—	$	—	$	18,102
Fair asset value of derivative instruments	$	29,360	$	(3,138	)	$	26,222	$	—	$	—	$	26,222
Long-term derivative assets included in deferred charges and other assets, net		2,023		(463	)		1,560		—		—		1,560
Total at September 30, 2021	$	31,383	$	(3,601	)	$	27,782	$	—	$	—	$	27,782

Company's Effect on Derivative Instruments on the Statement of Operations

(In thousands)
The Effect of Derivative Instruments on the Statement of Operations
		Amount of (Gain) or Loss Recognized
Derivatives Not Designated as Hedging Instruments Under FASB ASC 815-10	Location of (Gain) or Loss Recognized in Income on Derivative	Three Months Ended December 31, 2021			Three Months Ended December 31, 2020
Commodity contracts	Cost of product (a)	$	(9,975	)	$	11,578
Commodity contracts	Cost of installations and service (a)	$	(127	)	$	93
Commodity contracts	Delivery and branch expenses (a)	$	(284	)	$	201
Commodity contracts	(Increase) / decrease in the fair value of derivative instruments (b)	$	13,403		$	(17,395	)

(a)	Represents realized closed positions and includes the cost of options as they expire.

(b)	Represents the change in value of unrealized open positions and expired options.