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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2023
Sep. 30, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 2,864,737 $ 1,512,431
Accounts receivable (less allowance for credit losses of $343,304, and $155,164, respectively) 13,158,930 4,194,934
Materials and supplies 1,573,190 1,674,462
Gas in storage 10,018,097 11,185,601
Prepaid income taxes 1,084,515 3,227,544
Regulatory assets 2,868,018 2,854,276
Interest rate swaps 1,123,194 1,533,057
Other 2,079,194 612,957
Total current assets 34,769,875 26,795,262
UTILITY PROPERTY:    
In service 323,411,050 318,369,891
Accumulated depreciation and amortization (87,584,583) (85,752,798)
In service, net 235,826,467 232,617,093
Construction work in progress 14,517,366 14,966,458
Utility property, net 250,343,833 247,583,551
OTHER NON-CURRENT ASSETS:    
Regulatory assets 5,350,191 5,389,445
Investment in unconsolidated affiliates 18,654,928 17,187,093
Benefit plan assets 1,743,208 1,901,902
Deferred income taxes 1,115,898 1,163,594
Interest rate swaps 2,113,007 3,084,398
Other 612,295 624,095
Total other non-current assets 29,589,527 29,350,527
TOTAL ASSETS 314,703,235 303,729,340
CURRENT LIABILITIES:    
Current maturities of long-term debt 33,850,000 10,975,000
Line-of-credit 13,252,596 4,353,572
Dividends payable 2,032,679 1,978,400
Accounts payable 6,058,027 5,838,643
Customer credit balances 1,882,100 1,972,132
Income taxes payable 174,440 0
Customer deposits 1,646,267 1,476,321
Accrued expenses 2,958,931 4,661,722
Regulatory liabilities 2,311,025 1,632,716
Other 30,657 30,281
Total current liabilities 64,196,722 32,918,787
LONG-TERM DEBT:    
Notes payable 102,700,000 126,100,000
Unamortized debt issuance costs (238,804) (255,272)
Long-term debt, net 102,461,196 125,844,728
DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES:    
Asset retirement obligations 10,855,794 10,792,831
Regulatory cost of retirement obligations 13,404,991 13,029,376
Benefit plan liabilities 75,637 47,674
Deferred income taxes 1,959,485 2,008,458
Regulatory liabilities 17,883,751 18,031,693
Other 321,056 323,168
Total deferred credits and other non-current liabilities 44,500,714 44,233,200
STOCKHOLDERS’ EQUITY:    
Common stock, $5 par; authorized 20,000,000 shares; issued and outstanding 10,059,621 and 10,015,254 shares, respectively 50,298,105 50,076,270
Preferred stock, no par, authorized 5,000,000 shares; no shares issued and outstanding 0 0
Capital in excess of par value 45,047,443 44,430,786
Retained earnings 6,959,593 3,972,280
Accumulated other comprehensive income 1,239,462 2,253,289
Total stockholders’ equity 103,544,603 100,732,625
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 314,703,235 $ 303,729,340