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DISAGGREGATION OF REVENUE | 9 Months Ended
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Jun. 30, 2025
DISAGGREGATION OF REVENUE |
DISAGGREGATION OF REVENUE | 5. DISAGGREGATION OF REVENUE The Company disaggregates revenue based on the following lines of service: (1) Gas & Water Distribution, (2) Gas & Petroleum Transmission, and (3) Electrical, Mechanical, & General services and construction. Our contract types are: Lump Sum, Unit Price, Cost Plus and Time and Materials (“T&M”). The following tables present our disaggregated revenue for the three and nine months ended June 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2025
​ | ​ | ​ | ​ | ​ | ​ | Electrical, | ​ | ​
​ | ​ | Gas & Water | ​ | Gas & Petroleum | ​ | Mechanical, & | ​ | Total revenue
​ |  | Distribution |  | Transmission |  | General |  | from contracts
Lump sum contracts | ​ | $ | — | ​ | $ | — | ​ | $ | 34,447,972 | ​ | $ | 34,447,972
Unit price contracts | ​ |  | 38,566,422 | ​ |  | 9,669,098 | ​ |  | 781,248 | ​ |  | 49,016,768
Cost plus and T&M contracts | ​ |  | — | ​ |  | 5,656,852 | ​ |  | 14,479,993 | ​ |  | 20,136,845
Total revenue from contracts | ​ | $ | 38,566,422 | ​ | $ | 15,325,950 | ​ | $ | 49,709,213 | ​ | $ | 103,601,585
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Earned over time | ​ | $ | 19,921,978 | ​ | $ | 9,669,098 | ​ | $ | 39,791,305 | ​ | $ | 69,382,381
Earned at point in time | ​ |  | 18,644,444 | ​ |  | 5,656,852 | ​ |  | 9,917,908 | ​ |  | 34,219,204
Total revenue from contracts | ​ | $ | 38,566,422 | ​ | $ | 15,325,950 | ​ | $ | 49,709,213 | ​ | $ | 103,601,585
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended June 30, 2025
​ | ​ | ​ | ​ | ​ | ​ | Electrical, | ​ | ​ | ​
​ | ​ | Gas &Water | ​ | Gas & Petroleum | ​ | Mechanical, & | ​ | Total revenue
​ |  | Distribution |  | Transmission |  | General |  | from contracts
Lump sum contracts | ​ | $ | — | ​ | $ | — | ​ | $ | 106,377,171 | ​ | $ | 106,377,171
Unit price contracts | ​ |  | 96,967,546 | ​ |  | 31,204,196 | ​ |  | 2,745,569 | ​ |  | 130,917,311
Cost plus and T&M contracts | ​ |  | — | ​ |  | 5,973,029 | ​ |  | 37,659,339 | ​ |  | 43,632,368
Total revenue from contracts | ​ | $ | 96,967,546 | ​ | $ | 37,177,225 | ​ | $ | 146,782,079 | ​ | $ | 280,926,850
​ | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Earned over time | ​ | $ | 57,882,973 | ​ | $ | 31,204,196 | ​ | $ | 114,285,118 | ​ | $ | 203,372,287
Earned at point in time | ​ |  | 39,084,573 | ​ |  | 5,973,029 | ​ |  | 32,496,961 | ​ |  | 77,554,563
Total revenue from contracts | ​ | $ | 96,967,546 | ​ | $ | 37,177,225 | ​ | $ | 146,782,079 | ​ | $ | 280,926,850
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2024
​ |  | Gas & Water |  | Gas & Petroleum |  | Electrical, Mechanical, |  | Total revenue
​ | ​ | Distribution | ​ | Transmission | ​ | & General | ​ | from contracts
Lump sum contracts |  | $ | — |  | $ | — |  | $ | 30,678,722 |  | $ | 30,678,722
Unit price contracts | ​ | ​ | 22,536,366 | ​ | ​ | 16,687,458 | ​ | ​ | 579,567 | ​ | ​ | 39,803,391
Cost plus and T&M contracts | ​ | ​ | — | ​ | ​ | 451,348 | ​ | ​ | 14,990,299 | ​ | ​ | 15,441,647
Total revenue from contracts |  | $ | 22,536,366 |  | $ | 17,138,806 |  | $ | 46,248,588 |  | $ | 85,923,760
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earned over time |  | $ | 605,362 |  | $ | 16,687,458 | ​ | $ | 32,717,660 |  | $ | 50,010,480
Earned at point in time | ​ | ​ | 21,931,004 | ​ | ​ | 451,348 | ​ | ​ | 13,530,928 | ​ | ​ | 35,913,280
Total revenue from contracts |  | $ | 22,536,366 |  | $ | 17,138,806 |  | $ | 46,248,588 |  | $ | 85,923,760
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended June 30, 2024
​ |  | Gas & Water |  | Gas & Petroleum |  | Electrical, Mechanical, |  | Total revenue
​ | ​ | Distribution | ​ | Transmission | ​ | & General | ​ | from contracts
Lump sum contracts |  | $ | — |  | $ | — |  | $ | 86,311,693 |  | $ | 86,311,693
Unit price contracts | ​ | ​ | 53,892,952 | ​ | ​ | 53,580,598 | ​ | ​ | 3,290,437 | ​ | ​ | 110,763,987
Cost plus and T&M contracts | ​ | ​ | — | ​ | ​ | 1,884,529 | ​ | ​ | 48,254,393 | ​ | ​ | 50,138,922
Total revenue from contracts |  | $ | 53,892,952 |  | $ | 55,465,127 |  | $ | 137,856,523 |  | $ | 247,214,602
​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Earned over time |  | $ | 10,746,633 |  | $ | 53,580,598 |  | $ | 95,859,496 |  | $ | 160,186,727
Earned at point in time | ​ | ​ | 43,146,319 | ​ | ​ | 1,884,529 | ​ | ​ | 41,997,027 | ​ | ​ | 87,027,875
Total revenue from contracts |  | $ | 53,892,952 |  | $ | 55,465,127 |  | $ | 137,856,523 |  | $ | 247,214,602
​

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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