XML 25 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
OPERATING REVENUES:        
Operating revenues $ 25,274,959 $ 24,917,973 $ 46,491,706 $ 43,674,024
OPERATING EXPENSES:        
Operations and maintenance 3,714,084 3,488,889 7,236,083 6,716,633
General taxes 556,336 506,857 1,064,225 973,179
Depreciation and amortization 1,905,475 1,734,878 3,810,950 3,469,756
Total operating expenses 19,071,476 19,641,888 37,024,001 34,753,448
OPERATING INCOME 6,203,483 5,276,085 9,467,705 8,920,576
Equity in earnings of unconsolidated affiliate 698,175 191,513 1,261,224 340,324
Other income (expense), net 121,709 41,948 247,595 56,449
Interest expense 892,649 633,186 1,709,431 1,245,831
INCOME BEFORE INCOME TAXES 6,130,718 4,876,360 9,267,093 8,071,518
INCOME TAX EXPENSE 1,460,628 1,410,431 2,162,841 2,546,127
NET INCOME $ 4,670,090 $ 3,465,929 $ 7,104,252 $ 5,525,391
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.58 $ 0.47 $ 0.89 $ 0.76
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) 0.58 0.47 0.88 0.75
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.165 $ 0.155 $ 0.33 $ 0.31
Gas Utility [Member]        
OPERATING REVENUES:        
Operating revenues $ 25,058,749 $ 24,608,576 $ 46,095,330 $ 43,128,570
OPERATING EXPENSES:        
Cost of gas and sales 12,771,338 13,743,277 24,677,797 23,304,683
Non Utility [Member]        
OPERATING REVENUES:        
Operating revenues 216,210 309,397 396,376 545,454
OPERATING EXPENSES:        
Cost of gas and sales $ 124,243 $ 167,987 $ 234,946 $ 289,197