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Note 13 - Segment Information
 3 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

13.

Segment Information

 

Operating segments are defined as components of an enterprise for which separate financial information is available and is evaluated regularly by the Company's chief operating decision maker in deciding how to allocate resources and assess performance. The Company uses operating income and equity in earnings to assess segment performance.

 

Intersegment transactions are recorded at cost.

 

The reportable segments disclosed herein are defined as follows:

 

Gas Utility - The natural gas segment of the Company generates revenue from its tariff rates and other regulatory mechanisms through which it provides the sale and distribution of natural gas to its residential, commercial and industrial customers.

 

Investment in Affiliates - The investment in affiliates segment reflects the income generated through the activities of the Company's investment in the MVP and Southgate projects.

 

Parent and Other - The category parent and other includes the unregulated activities of the Company as well as certain corporate eliminations.

 

Information related to the segments of the Company are provided below:

 

  

Three Months Ended December 31, 2021

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Operating revenues

 $23,231,655  $—  $31,425  $23,263,080 

Depreciation

  2,270,694   —   —   2,270,694 

Operating income (loss)

  5,404,316   (51,560)  25,667   5,378,423 

Equity in earnings

  —   72,127   —   72,127 

Interest expense

  764,863   339,993   —   1,104,856 

Income (loss) before income taxes

  4,959,182   (316,881)  25,832   4,668,133 

 

  

Three Months Ended December 31, 2020

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Operating revenues

 $19,483,500  $—  $33,517  $19,517,017 

Depreciation

  2,153,398   —   —   2,153,398 

Operating income (loss)

  5,613,042   (50,847)  19,192   5,581,387 

Equity in earnings

  —   1,356,683   —   1,356,683 

Interest expense

  704,330   315,499   —   1,019,829 

Income before income taxes

  5,236,000   992,925   19,342   6,248,267 

 

  

December 31, 2021

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Total assets

 $242,149,871  $68,094,574  $12,986,447  $323,230,892 

 

  

September 30, 2021

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Total assets

 $231,737,427  $65,686,376  $12,685,390  $310,109,193