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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Sep. 30, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 1,512,431 $ 4,898,914
Accounts receivable, net 4,194,934 5,353,270
Materials and supplies 1,674,462 1,228,554
Gas in storage 11,185,601 16,916,651
Prepaid income taxes 3,227,544 3,087,755
Regulatory assets 2,854,276 1,877,468
Interest rate swaps 1,533,057 1,218,211
Other 612,957 967,496
Total current assets 26,795,262 35,548,319
UTILITY PROPERTY:    
In service 318,369,891 290,940,683
Accumulated depreciation and amortization (85,752,798) (80,242,946)
In service, net 232,617,093 210,697,737
Construction work in progress 14,966,458 19,163,337
Utility property, net 247,583,551 229,861,074
OTHER NON-CURRENT ASSETS:    
Regulatory assets 5,389,445 5,446,547
Investment in unconsolidated affiliates 17,187,093 13,773,075
Benefit plan assets 1,901,902 749,341
Deferred Income Tax Assets, Net 1,163,594 1,057,079
Interest rate swaps 3,084,398 3,580,256
Other 624,095 293,552
Total other non-current assets 29,350,527 24,899,850
TOTAL ASSETS 303,729,340 290,309,243
CURRENT LIABILITIES:    
Current maturities of long-term debt 10,975,000 1,300,000
Line-of-credit 4,353,572 0
Dividends payable 1,978,400 1,915,317
Accounts payable 5,838,643 8,600,919
Capital contributions payable 0 804,506
Customer credit balances 1,972,132 1,400,770
Customer deposits 1,476,321 1,457,610
Accrued expenses 4,661,722 3,668,122
Regulatory liabilities 1,632,716 3,168,066
Other 30,281 0
Total current liabilities 32,918,787 22,315,310
LONG-TERM DEBT:    
Notes payable 126,100,000 135,971,200
Unamortized debt issuance costs (255,272) (275,911)
Long-term debt, net 125,844,728 135,695,289
DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES:    
Asset retirement obligations 10,792,831 10,204,079
Regulatory cost of retirement obligations 13,029,376 12,277,796
Benefit plan liabilities 47,674 337,535
Deferred Income Tax Liabilities, Net 2,008,458 3,165,454
Regulatory liabilities 18,031,693 13,223,124
Other 323,168 0
Total deferred credits and other non-current liabilities 44,233,200 39,207,988
COMMITMENTS AND CONTINGENCIES (Note 12)
Stockholders’ Equity:    
Common stock, $5 par value; authorized 20,000,000 shares; issued and outstanding 10,015,254 and 9,820,535 shares in 2023 and 2022, respectively 50,076,270 49,102,675
Preferred stock, no par; authorized 5,000,000 shares; no shares issued and outstanding in 2023 and 2022 0 0
Capital in excess of par value 44,430,786 41,479,459
Retained earnings 3,972,280 544,158
Accumulated other comprehensive income 2,253,289 1,964,364
Total stockholders’ equity 100,732,625 93,090,656
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 303,729,340 $ 290,309,243