Condensed Consolidated Statements of Income - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Mar. 31, 2019 |
Mar. 31, 2018 |
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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 |
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- Definition Cost Of Revenue And Operating Expenses No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of operating expense for routine plant maintenance, repairs and operations of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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