v3.7.0.1
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
OPERATING REVENUES:        
Gas utilities $ 11,171,499 $ 11,017,281 $ 51,346,456 $ 48,372,615
Other 264,325 277,916 777,966 710,411
Total operating revenues 11,435,824 11,295,197 52,124,422 49,083,026
COST OF SALES:        
Gas utilities 4,679,047 4,833,604 24,862,147 23,037,896
Other 122,375 149,253 407,238 345,405
Total cost of sales 4,801,422 4,982,857 25,269,385 23,383,301
GROSS MARGIN 6,634,402 6,312,340 26,855,037 25,699,725
OTHER OPERATING EXPENSES:        
Operations and maintenance 3,294,939 3,060,435 9,880,293 9,868,164
General taxes 450,528 413,711 1,372,870 1,281,312
Depreciation and amortization 1,560,728 1,384,844 4,702,185 4,154,533
Total other operating expenses 5,306,195 4,858,990 15,955,348 15,304,009
OPERATING INCOME 1,328,207 1,453,350 10,899,689 10,395,716
Equity in earnings of unconsolidated affiliate 111,626 40,562 289,791 95,945
Other expense, net 8,738 39,151 23,020 71,460
Interest expense 472,300 396,304 1,400,301 1,220,600
INCOME BEFORE INCOME TAXES 958,795 1,058,457 9,766,159 9,199,601
INCOME TAX EXPENSE 343,233 431,389 3,693,180 3,538,296
NET INCOME $ 615,562 $ 627,068 $ 6,072,979 $ 5,661,305
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.09 $ 0.09 $ 0.84 $ 0.79
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) 0.08 0.09 0.84 0.79
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.145 $ 0.135 $ 0.435 $ 0.405