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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2025
Sep. 30, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,152,771 $ 894,185
Accounts receivable (less allowance for credit losses of $491,112 and $153,347, respectively) 13,597,500 4,483,739
Inventories 1,891,267 1,799,631
Gas in storage 1,971,720 8,491,490
Prepaid income taxes 524,169 2,362,069
Regulatory assets 2,421,022 5,103,910
Interest rate swaps 1,008,634 871,026
Other 2,210,860 1,066,251
Total current assets 25,777,943 25,072,301
UTILITY PROPERTY:    
In service 356,048,003 345,864,008
Accumulated depreciation and amortization (96,574,621) (92,462,376)
In service, net 259,473,382 253,401,632
Construction work in progress 8,087,125 8,639,822
Utility property, net 267,560,507 262,041,454
OTHER NON-CURRENT ASSETS:    
Regulatory assets 4,366,536 4,445,044
Investment in unconsolidated affiliates 20,963,192 21,057,222
Benefit plan assets 5,378,524 5,416,536
Deferred income taxes 843,325 771,746
Interest rate swaps 870,764 1,191,526
Other 660,496 703,394
Total other non-current assets 33,082,837 33,585,468
TOTAL ASSETS 326,421,287 320,699,223
CURRENT LIABILITIES:    
Current maturities of long-term debt 26,600,000 800,000
Line-of-credit 0 11,166,181
Dividends payable 2,139,655 2,050,286
Accounts payable 5,991,608 5,429,703
Customer credit balances 797,094 1,915,859
Income taxes payable 250,625 0
Customer deposits 1,586,123 1,488,113
Accrued expenses 3,388,349 4,988,281
Regulatory liabilities 4,715,832 834,278
Other 19,733 25,729
Total current liabilities 45,489,019 28,698,430
LONG-TERM DEBT:    
Line-of-credit 4,164,266 0
Notes payable 111,300,000 136,955,000
Unamortized debt issuance costs (237,644) (282,092)
Long-term debt, net 115,226,622 136,672,908
DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES:    
Asset retirement obligations 11,365,527 11,142,095
Regulatory cost of retirement obligations 15,156,791 14,409,847
Benefit plan liabilities 112,987 113,600
Deferred income taxes 1,906,230 1,890,562
Regulatory liabilities 19,030,685 19,326,567
Other 300,203 308,439
Total deferred credits and other non-current liabilities 47,872,423 47,191,110
STOCKHOLDERS’ EQUITY:    
Common stock, $5 par; authorized 20,000,000 shares; issued and outstanding 10,309,885 and 10,249,899 shares, respectively 51,549,425 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 48,866,590 47,988,270
Retained earnings 16,242,061 7,572,439
Accumulated other comprehensive income 1,175,147 1,326,571
Total stockholders’ equity 117,833,223 108,136,775
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 326,421,287 $ 320,699,223