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Note 6 - Line of Credit
 9 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Debt Disclosure [Text Block]

6.

Line of Credit

 

The Company had been operating with an unsecured Revolving Note in the principal amount of $25 million that it renewed annually each  March.  On March 31, 2025, Roanoke Gas amended its Revolving Note to increase the principal amount to $30 million and extend the maturity date to March 31, 2027.  The Revolving Note's variable interest rate is based upon Term SOFR plus 1.25% and provides for multiple tier borrowing limits to accommodate seasonal borrowing demands.  Other key terms and requirements of the Revolving Note were retained.  The Company's total available borrowing limits during the term of the Revolving Note range from $20 million to $30 million.  As of June 30, 2025, the Company had an outstanding balance of $4,991,528 under the Revolving Note.