Subsequent Events

12 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

19) Subsequent Events

Acquisition

In the first two months of fiscal 2012, the Partnership purchased the customer lists and assets of two home heating oil, propane and diesel dealerships for an aggregate cost of approximately $24.1 million, including working capital of $4.5 million.

Quarterly Distribution Declared

On October 25, 2011, we declared a quarterly distribution of $0.0775 per unit, or $0.31 per unit on an annualized basis, on all common units in respect of the fourth quarter of fiscal 2011 payable on November 14, 2011 to holders of record on November 4, 2011. In accordance with our Partnership Agreement, the amount of distributions in excess of the minimum quarterly distribution of $0.0675, are distributed 90% to the holders of common units and 10% to the holders of the general partner units (until certain distribution levels are met), subject to the management incentive compensation plan. As a result, $5.0 million was paid to the common unit holders, $0.06 million was paid to the general partners and $0.04 million was paid to management pursuant to the management incentive compensation plan.

Credit Expanded Under the Amended and Restated Revolving Credit Facility Agreement

On November 22, 2011, the Partnership, as provided for in its amended and restated asset based revolving credit facility agreement, expanded its borrowing capacity $50 million (for a total of $350 million), to provide additional liquidity for the fiscal 2012 heating season from December 2011 to April 2012.

Common Unit Repurchased and Retired

In accordance with the common unit repurchase program authorized by the Board of Directors on July 19, 2010, the Partnership repurchased and retired 0.4 million common units during the first two months of fiscal 2012.