XML 32 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 3 - Segment Information | 12 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
3. | 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 executive management 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 distribution segment of the Company generates revenue from its tariff rates and other regulatory mechanisms through which it provides for 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 LLC. Information related to the segments of the Company are provided below:
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
For the Year Ended September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 84,533,101 |  |  | $ | — |  |  | $ | 84,533,101 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 108,131 |
Total revenues |  |  | 84,533,101 |  |  |  | — |  |  |  | 84,641,232 |
Depreciation and amortization |  |  | 10,518,094 |  |  |  | — |  |  |  | 10,518,094 |
Operating income (loss) |  |  | 17,130,480 |  |  |  | (136,840 | ) |  |  | 16,993,640 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 88,120 |
Total operating income (loss) |  |  | 17,130,480 |  |  |  | (136,840 | ) |  |  | 17,081,760 |
Equity in earnings |  |  | — |  |  |  | 3,851,871 |  |  |  | 3,851,871 |
Interest expense |  |  | 3,700,674 |  |  |  | 2,804,211 |  |  |  | 6,504,885 |
Income before income taxes |  |  | 14,459,009 |  |  |  | 910,490 |  |  |  | 15,369,499 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 88,008 |
Total income before income taxes |  | $ | 14,459,009 |  |  | $ | 910,490 |  |  | $ | 15,457,507 |
As of September 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | $ | 280,508,989 |  |  | $ | 21,324,361 |  |  | $ | 301,833,350 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 18,865,873 |
Total assets |  |  | 280,508,989 |  |  |  | 21,324,361 |  |  |  | 320,699,223 |
Gross additions to utility property |  |  | 22,094,406 |  |  |  | — |  |  |  | 22,094,406 |
Gross investment in affiliates |  | $ | — |  |  | $ | 18,258 |  |  | $ | 18,258 |
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
For the Year Ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 97,325,307 |  |  | $ | — |  |  | $ | 97,325,307 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 114,458 |
Total revenues |  |  | 97,325,307 |  |  |  | — |  |  |  | 97,439,765 |
Depreciation and amortization |  |  | 9,764,678 |  |  |  | — |  |  |  | 9,764,678 |
Operating income (loss) |  |  | 17,827,485 |  |  |  | (233,067 | ) |  |  | 17,594,418 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 84,062 |
Total operating income (loss) |  |  | 17,827,485 |  |  |  | (233,067 | ) |  |  | 17,678,480 |
Equity in earnings |  |  | — |  |  |  | 2,084,990 |  |  |  | 2,084,990 |
Interest expense |  |  | 3,216,220 |  |  |  | 2,402,585 |  |  |  | 5,618,805 |
Income (loss) before income taxes |  |  | 15,260,605 |  |  |  | (553,378 | ) |  |  | 14,707,227 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 83,966 |
Total income (loss) before income taxes |  | $ | 15,260,605 |  |  | $ | (553,378 | ) |  | $ | 14,791,193 |
As of September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | $ | 268,664,460 |  |  | $ | 17,882,108 |  |  | $ | 286,546,568 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 17,182,772 |
Total assets |  |  | 268,664,460 |  |  |  | 17,882,108 |  |  |  | 303,729,340 |
Gross additions to utility property |  |  | 25,306,524 |  |  |  | — |  |  |  | 25,306,524 |
Gross investment in affiliates |  | $ | — |  |  | $ | 2,133,534 |  |  | $ | 2,133,534 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration