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Note 3 - Segment Information | 9 Months Ended
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Jun. 30, 2025
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 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 the LLC. Information related to the Company's segments are provided below:
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 17,239,550 |  |  | $ | — |  |  | $ | 17,239,550 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 25,065 |
Total revenues |  |  | 17,239,550 |  |  |  | — |  |  |  | 17,264,615 |
Depreciation and amortization |  |  | 2,909,344 |  |  |  | — |  |  |  | 2,909,344 |
Operating income (loss) |  |  | 1,219,977 |  |  |  | (43,691 | ) |  |  | 1,176,286 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 20,274 |
Total operating income (loss) |  |  | 1,219,977 |  |  |  | (43,691 | ) |  |  | 1,196,560 |
Equity in earnings |  |  | — |  |  |  | 772,082 |  |  |  | 772,082 |
Interest expense |  |  | 822,022 |  |  |  | 690,732 |  |  |  | 1,512,754 |
Income before income taxes |  |  | 640,938 |  |  |  | 38,676 |  |  |  | 679,614 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 20,274 |
Total income before income taxes |  | $ | 640,938 |  |  | $ | 38,676 |  |  | $ | 699,888 |
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 14,431,379 |  |  | $ | — |  |  | $ | 14,431,379 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 26,823 |
Total revenues |  |  | 14,431,379 |  |  |  | — |  |  |  | 14,458,202 |
Depreciation and amortization |  |  | 2,697,707 |  |  |  | — |  |  |  | 2,697,707 |
Operating income (loss) |  |  | 1,574,375 |  |  |  | (37,692 | ) |  |  | 1,536,683 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 20,910 |
Total operating income (loss) |  |  | 1,574,375 |  |  |  | (37,692 | ) |  |  | 1,557,593 |
Equity in earnings |  |  | — |  |  |  | 282,604 |  |  |  | 282,604 |
Interest expense |  |  | 868,000 |  |  |  | 699,093 |  |  |  | 1,567,093 |
Income before income taxes |  |  | 637,332 |  |  |  | (454,462 | ) |  |  | 182,870 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 20,885 |
Total income before income taxes |  | $ | 637,332 |  |  | $ | (454,462 | ) |  | $ | 203,755 |
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
Nine Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 80,938,690 |  |  | $ | — |  |  | $ | 80,938,690 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 77,508 |
Total revenues |  |  | 80,938,690 |  |  |  | — |  |  |  | 81,016,198 |
Depreciation and amortization |  |  | 8,609,472 |  |  |  | — |  |  |  | 8,609,472 |
Operating income (loss) |  |  | 18,978,672 |  |  |  | (117,099 | ) |  |  | 18,861,573 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 62,950 |
Total operating income (loss) |  |  | 18,978,672 |  |  |  | (117,099 | ) |  |  | 18,924,523 |
Equity in earnings |  |  | — |  |  |  | 2,427,470 |  |  |  | 2,427,470 |
Interest expense |  |  | 2,796,978 |  |  |  | 2,125,981 |  |  |  | 4,922,959 |
Income before income taxes |  |  | 17,360,579 |  |  |  | 186,474 |  |  |  | 17,547,053 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 62,950 |
Total income before income taxes |  | $ | 17,360,579 |  |  | $ | 186,474 |  |  | $ | 17,610,003 |
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
Nine Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 71,455,564 |  |  | $ | — |  |  | $ | 71,455,564 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 81,366 |
Total revenues |  |  | 71,455,564 |  |  |  | — |  |  |  | 71,536,930 |
Depreciation and amortization |  |  | 8,093,121 |  |  |  | — |  |  |  | 8,093,121 |
Operating income (loss) |  |  | 16,884,683 |  |  |  | (106,380 | ) |  |  | 16,778,303 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 61,036 |
Total operating income (loss) |  |  | 16,884,683 |  |  |  | (106,380 | ) |  |  | 16,839,339 |
Equity in earnings |  |  | — |  |  |  | 2,979,823 |  |  |  | 2,979,823 |
Interest expense |  |  | 2,748,741 |  |  |  | 2,021,238 |  |  |  | 4,769,979 |
Income before income taxes |  |  | 14,277,365 |  |  |  | 851,777 |  |  |  | 15,129,142 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 60,965 |
Total income before income taxes |  | $ | 14,277,365 |  |  | $ | 851,777 |  |  | $ | 15,190,107 |
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
As of June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Assets |  | $ | 285,220,121 |  |  | $ | 21,557,941 |  |  | $ | 306,778,062 |
Corporate and other |  |  | — |  |  |  | — |  |  |  | 17,979,931 |
Total assets |  |  | 285,220,121 |  |  |  | 21,557,941 |  |  |  | 324,757,993 |
Gross additions to utility property |  |  | 15,739,170 |  |  |  | — |  |  |  | 15,739,170 |
Gross investment in affiliates |  | $ | — |  |  | $ | 50,894 |  |  | $ | 50,894 |
|  | Gas Utility |  |  | Investment in Affiliates |  |  | Consolidated Total |
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 |

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- Definition The entire disclosure for reporting segments including data and tables. 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