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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 31, 2024
Sep. 30, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,098,363 $ 894,185
Accounts receivable (less allowance for credit losses of $322,646 and $153,347, respectively) 15,856,469 4,483,739
Inventories 1,838,760 1,799,631
Gas in storage 7,882,571 8,491,490
Prepaid income taxes 728,780 2,362,069
Regulatory assets 4,147,799 5,103,910
Interest rate swaps 1,105,247 871,026
Other 2,262,748 1,066,251
Total current assets 35,920,737 25,072,301
UTILITY PROPERTY:    
In service 350,172,891 345,864,008
Accumulated depreciation and amortization (94,495,554) (92,462,376)
In service, net 255,677,337 253,401,632
Construction work in progress 9,863,384 8,639,822
Utility property, net 265,540,721 262,041,454
OTHER NON-CURRENT ASSETS:    
Regulatory assets 4,405,790 4,445,044
Investment in unconsolidated affiliates 21,133,986 21,057,222
Benefit plan assets 5,397,530 5,416,536
Deferred income taxes 844,522 771,746
Interest rate swaps 1,267,209 1,191,526
Other 661,977 703,394
Total other non-current assets 33,711,014 33,585,468
TOTAL ASSETS 335,172,472 320,699,223
CURRENT LIABILITIES:    
Current maturities of long-term debt 26,200,000 800,000
Line-of-credit 19,036,101 11,166,181
Dividends payable 2,136,620 2,050,286
Accounts payable 8,550,924 5,429,703
Customer credit balances 1,981,392 1,915,859
Income taxes payable 68,600 0
Customer deposits 1,555,134 1,488,113
Accrued expenses 3,094,784 4,988,281
Regulatory liabilities 1,671,639 834,278
Other 29,381 25,729
Total current liabilities 64,324,575 28,698,430
LONG-TERM DEBT:    
Notes payable 111,595,000 136,955,000
Unamortized debt issuance costs (258,868) (282,092)
Long-term debt, net 111,336,132 136,672,908
DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES:    
Asset retirement obligations 11,241,349 11,142,095
Regulatory cost of retirement obligations 14,823,044 14,409,847
Benefit plan liabilities 112,514 113,600
Deferred income taxes 2,092,439 1,890,562
Regulatory liabilities 19,178,626 19,326,567
Other 302,704 308,439
Total deferred credits and other non-current liabilities 47,750,676 47,191,110
STOCKHOLDERS’ EQUITY:    
Common stock, $5 par; authorized 20,000,000 shares; issued and outstanding 10,264,691 and 10,249,899 shares, respectively 51,323,455 51,249,495
Preferred stock, no par, authorized 5,000,000 shares; no shares issued and outstanding 0 0
Capital in excess of par value 48,183,127 47,988,270
Retained earnings 10,705,508 7,572,439
Accumulated other comprehensive income 1,548,999 1,326,571
Total stockholders’ equity 111,761,089 108,136,775
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 335,172,472 $ 320,699,223