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v3.25.3

Segment Reporting (Tables) | 12 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Summary of Segment Financial Information | The following table sets forth our segment financial information:
|  | Year Ended September 30, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Petroleum products sales: |  |  |  |  |  |  |  |  |
Home heating oil and propane |  | $ | 1,119,777 |  |  | $ | 1,081,985 |  |  | $ | 1,202,194 |
Motor fuel and other petroleum products |  |  | 317,824 |  |  |  | 366,807 |  |  |  | 448,547 |
Total petroleum products |  |  | 1,437,601 |  |  |  | 1,448,792 |  |  |  | 1,650,741 |
Installations and service sales: |  |  |  |  |  |  |  |  |
Equipment installations |  |  | 135,149 |  |  |  | 123,493 |  |  |  | 114,756 |
Services |  |  | 211,668 |  |  |  | 193,814 |  |  |  | 187,365 |
Total installations and services |  |  | 346,817 |  |  |  | 317,307 |  |  |  | 302,121 |
Total sales |  |  | 1,784,418 |  |  |  | 1,766,099 |  |  |  | 1,952,862 |
Cost and expenses: |  |  |  |  |  |  |  |  |
Cost of product |  |  | 912,391 |  |  |  | 980,831 |  |  |  | 1,204,184 |
Cost of installations |  |  | 110,915 |  |  |  | 100,938 |  |  |  | 95,196 |
Cost of service |  |  | 198,246 |  |  |  | 182,506 |  |  |  | 182,731 |
Delivery expenses |  |  | 116,136 |  |  |  | 105,696 |  |  |  | 108,896 |
Operations expenses |  |  | 75,035 |  |  |  | 68,724 |  |  |  | 69,774 |
Garage and plant expenses |  |  | 44,889 |  |  |  | 41,822 |  |  |  | 39,746 |
Sales and marketing expenses |  |  | 53,790 |  |  |  | 50,126 |  |  |  | 48,144 |
Customer service and credit expenses |  |  | 52,027 |  |  |  | 51,230 |  |  |  | 52,578 |
Insurance related expenses |  |  | 39,982 |  |  |  | 41,690 |  |  |  | 35,163 |
Information technology expenses |  |  | 15,863 |  |  |  | 14,591 |  |  |  | 11,813 |
Weather hedge contracts (gain) loss |  |  | 3,108 |  |  |  | (7,498 | ) |  |  | (12,500 | )
General and administrative expenses |  |  | 30,518 |  |  |  | 28,405 |  |  |  | 25,780 |
Finance charge income |  |  | (4,915 | ) |  |  | (4,576 | ) |  |  | (5,515 | )
Adjusted EBITDA |  |  | 136,433 |  |  |  | 111,614 |  |  |  | 96,872 |
(Increase) decrease in the fair value of derivative instruments |  |  | (13,390 | ) |  |  | 19,018 |  |  |  | 1,977 |
Depreciation and amortization expenses |  |  | 35,352 |  |  |  | 31,494 |  |  |  | 32,350 |
Operating Income |  |  | 114,471 |  |  |  | 61,102 |  |  |  | 62,545 |
Interest expense, net |  |  | (14,323 | ) |  |  | (11,560 | ) |  |  | (15,532 | )
Amortization of debt issuance costs |  |  | (1,068 | ) |  |  | (988 | ) |  |  | (1,084 | )
Other income, net |  |  | 3,822 |  |  |  | — |  |  |  | — |
Income before income taxes |  |  | 102,902 |  |  |  | 48,554 |  |  |  | 45,929 |
Income tax expense |  |  | 29,407 |  |  |  | 13,331 |  |  |  | 13,984 |
Net income |  | $ | 73,495 |  |  | $ | 35,223 |  |  | $ | 31,945 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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