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Segment Information (Tables)
6 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Disclosure by reportable segment and reconciliation of total operating segment information

The following table presents certain data by reportable segment and provides a reconciliation of total operating segment information to the corresponding condensed consolidated amounts for the periods presented:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 30,

 

 

March 25,

 

 

March 30,

 

 

March 25,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

437,564

 

 

$

457,140

 

 

$

750,922

 

 

$

799,493

 

Fuel oil and refined fuels

 

 

31,595

 

 

 

38,126

 

 

 

55,493

 

 

 

68,267

 

Natural gas and electricity

 

 

8,713

 

 

 

11,856

 

 

 

15,206

 

 

 

20,546

 

All other

 

 

20,215

 

 

 

19,379

 

 

 

42,300

 

 

 

35,665

 

Total revenues

 

$

498,087

 

 

$

526,501

 

 

$

863,921

 

 

$

923,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

169,853

 

 

$

156,959

 

 

$

257,029

 

 

$

251,367

 

Fuel oil and refined fuels

 

 

5,887

 

 

 

6,347

 

 

 

8,059

 

 

 

8,429

 

Natural gas and electricity

 

 

2,578

 

 

 

3,138

 

 

 

4,146

 

 

 

4,230

 

All other

 

 

(7,175

)

 

 

(10,087

)

 

 

(14,356

)

 

 

(15,862

)

Corporate

 

 

(34,283

)

 

 

(30,678

)

 

 

(69,270

)

 

 

(60,170

)

Total operating income

 

 

136,860

 

 

 

125,679

 

 

 

185,608

 

 

 

187,994

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

 

 

 

Loss on debt extinguishment

 

 

215

 

 

 

 

 

 

215

 

 

 

 

Interest expense, net

 

 

19,919

 

 

 

19,871

 

 

 

38,111

 

 

 

35,865

 

Other, net

 

 

5,194

 

 

 

1,106

 

 

 

11,047

 

 

 

2,081

 

Provision for income taxes

 

 

32

 

 

 

225

 

 

 

281

 

 

 

177

 

Net income

 

$

111,500

 

 

$

104,477

 

 

$

135,954

 

 

$

149,871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Propane

 

$

11,735

 

 

$

11,331

 

 

$

23,594

 

 

$

23,221

 

Fuel oil and refined fuels

 

 

302

 

 

 

419

 

 

 

746

 

 

 

828

 

Natural gas and electricity

 

 

 

 

 

 

 

 

 

 

 

3

 

All other

 

 

2,707

 

 

 

2,912

 

 

 

5,407

 

 

 

2,955

 

Corporate

 

 

1,981

 

 

 

1,402

 

 

 

3,371

 

 

 

2,836

 

Total depreciation and amortization

 

$

16,725

 

 

$

16,064

 

 

$

33,118

 

 

$

29,843

 

 

 

As of

 

 

 

March 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

Propane

 

$

1,967,319

 

 

$

1,924,304

 

Fuel oil and refined fuels

 

 

49,769

 

 

 

46,341

 

Natural gas and electricity

 

 

11,681

 

 

 

11,255

 

All other

 

 

241,240

 

 

 

239,691

 

Corporate

 

 

67,537

 

 

 

48,884

 

Total assets

 

$

2,337,546

 

 

$

2,270,475