XML 26 R17.htm IDEA: XBRL DOCUMENT v3.24.3
Inventories
 12 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

8) Inventories

The Company’s product inventories are stated at the lower of cost and net realizable value computed on the weighted average cost method. All other inventories, representing parts and equipment are stated at the lower of cost and net realizable value using the FIFO method. The components of inventory were as follows (in thousands):

 

 

 

September 30,

 

 

 

2024

 

 

2023

 

Product

 

$

17,912

 

 

$

33,994

 

Parts and equipment

 

 

23,675

 

 

 

22,469

 

Total inventory

 

$

41,587

 

 

$

56,463

 

 

Product inventories were comprised of 8.4 million gallons and 11.8 million gallons on September 30, 2024 and September 30, 2023, respectively. The Company has market price based product supply contracts for approximately 180.2

million gallons of home heating oil and propane, and 57.6 million gallons of diesel and gasoline, which it expects to fully utilize to meet its requirements over the next twelve months.

During fiscal 2024, Shell Trading and Shell Oil Products US provided approximately 16% of our petroleum product purchases and Motiva Enterprises LLC provided approximately 15% of our petroleum product purchases. During fiscal 2023, Shell Trading and Shell Oil Products US provided approximately 18% of our petroleum product purchases and Motiva Enterprises LLC provided approximately 14% of our petroleum product purchases.