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Note 15 - Segment Information
 3 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

15.

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 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 MVP and Southgate projects.

 

Parent and Other - Parent and other include the unregulated activities of the Company as well as certain corporate reporting adjustments.

 

Information related to the Company's segments are provided below:

 

  

Three Months Ended December 31, 2023

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Operating revenues

 $24,391,854  $—  $27,498  $24,419,352 

Depreciation

  2,697,707   —   —   2,697,707 

Operating income (loss)

  6,644,298   (13,403)  21,142   6,652,037 

Equity in earnings

  —   1,467,835   —   1,467,835 

Interest expense

  968,937   667,336   —   1,636,273 

Income before income taxes

  5,795,734   787,534   21,117   6,604,385 

 

  

Three Months Ended December 31, 2022

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Operating revenues

 $33,252,767  $—  $29,568  $33,282,335 

Depreciation

  2,419,541   —   —   2,419,541 

Operating income (loss)

  5,567,345   (46,704)  23,844   5,544,485 

Equity in earnings

  —   1,232   —   1,232 

Interest expense

  822,566   546,598   —   1,369,164 

Income (loss) before income taxes

  4,819,955   (592,615)  23,819   4,251,159 

 

 

  

December 31, 2023

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Total assets

 $278,936,342  $19,367,243  $16,399,650  $314,703,235 

 

  

September 30, 2023

 
  

Gas Utility

  

Investment in Affiliates

  

Parent and Other

  

Consolidated Total

 

Total assets

 $268,664,460  $17,882,108  $17,182,772  $303,729,340