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Note 7 - Long-term Debt (Tables)

12 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Long-Term Debt Instruments [Table Text Block]

		September 30
		2023								2022
		Principal				Unamortized Debt Issuance Costs				Principal				Unamortized Debt Issuance Costs
Roanoke Gas:
Unsecured senior notes payable at 4.26%, due September 18, 2034		$	30,500,000			$	106,195			$	30,500,000			$	115,849
Unsecured term notes payable at 3.58%, due October 2, 2027			8,000,000				19,264				8,000,000				24,080
Unsecured term notes payable at 4.41%, due March 28, 2031			10,000,000				23,495				10,000,000				26,627
Unsecured term notes payable at 3.60%, due December 6, 2029			10,000,000				22,017				10,000,000				25,539
Unsecured term note payable at 30-day SOFR plus 1.20%, due August 20, 2026 (swap rate at 2.00%)			15,000,000				—				15,000,000				—
Unsecured term note payable at TERM SOFR plus 1.00%, due October 1, 2028 (swap rate at 2.49%)			10,000,000				33,666				10,000,000				28,674
Midstream:
Unsecured term notes payable at TERM SOFR plus 2.00%, due December 31, 2024			23,000,000				23,386				21,896,200				18,553
Unsecured term note payable at Daily Simple SOFR plus 1.26448%, due June 12, 2026 (swap rate at 3.24%)			14,000,000				6,621				14,000,000				9,029
Unsecured term note payable at 30-day LIBOR plus 1.20%, due June 1, 2024 with monthly principal installments of $41,667 that began July 1, 2022 (swap rate at 3.14%)			9,375,000				1,571				9,875,000				3,929
Unsecured term note payable at Daily Simple SOFR plus 1.26448%, due January 1, 2028 with quarterly principal installments of $400,000 that began April 1, 2023 (swap rate at 2.443%)			7,200,000				19,057				8,000,000				23,631
Total long-term debt		$	137,075,000			$	255,272			$	137,271,200			$	275,911
Less: current maturities of long-term debt			(10,975,000	)			—				(1,300,000	)			—
Total long-term debt, net current maturities		$	126,100,000			$	255,272			$	135,971,200			$	275,911

Schedule of Maturities of Long-Term Debt [Table Text Block]

Year Ending September 30		Maturities
2024		$	10,975,000
2025			24,600,000
2026			30,600,000
2027			1,600,000
2028			8,800,000
Thereafter			60,500,000
Total		$	137,075,000

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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