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Note 3 - Segment Information
 9 Months Ended
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