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Other Investments (Tables)
3 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Other Investments
The investments in the LLC are included in the condensed consolidated financial statements as follows:

Balance Sheet location of Other Investments:
December 31, 2019
 
September 30, 2019
Other Assets:
 
 
 
     MVP
$
49,055,748

 
$
47,055,426

     Southgate
320,033

 
320,033

     Investment in unconsolidated affiliates
$
49,375,781

 
$
47,375,459

Current Liabilities:
 
 
 
     MVP
$
891,903

 
$
4,958,260

     Southgate

 
66,564

     Capital contributions payable
$
891,903

 
$
5,024,824


 
Three Months Ended
Income Statement location of Other Investments:
December 31, 2019
 
December 31, 2018
    Equity in earnings of unconsolidated affiliate
$
1,094,086

 
$
563,049



 
December 31, 2019
 
September 30, 2019
Undistributed earnings, net of income taxes, of MVP in retained earnings
$
4,079,644

 
$
3,267,176


The change in the investment in unconsolidated affiliate is provided below:
 
Three Months Ended
 
December 31, 2019
 
December 31, 2018
Cash investment
$
5,039,157

 
$
10,142,766

Change in accrued capital calls
(4,132,921
)
 
(6,395,680
)
Equity in earnings of unconsolidated affiliates
1,094,086

 
563,049

Change in investment in unconsolidated affiliates
$
2,000,322

 
$
4,310,135

Summary Unaudited Financial Statements - Equity Method Investment
Summary of unaudited financial statements of Mountain Valley Pipeline are presented below. Southgate financial statements, which are accounted for under the cost method, are not included:
 
Income Statements
 
Three Months Ended
 
December 31, 2019
 
December 31, 2018
AFUDC
$
110,025,474

 
$
54,184,516

Net Other Income
$
734,182

 
$
2,562,792

Net Income
$
110,759,656

 
$
56,747,308


 
Balance Sheets
 
December 31, 2019
 
September 30, 2019
Assets:
 
 
 
Current Assets
$
243,577,729

 
$
485,323,892

Construction Work in Progress
4,941,631,920

 
4,675,267,389

Other Assets
9,923,000

 
13,190,816

Total Assets
$
5,195,132,649

 
$
5,173,782,097

 
 
 
 
Liabilities and Equity:
 
 
 
Current Liabilities
$
223,678,580

 
$
466,776,233

Capital
4,971,454,069

 
4,707,005,864

Total Liabilities and Equity
$
5,195,132,649

 
$
5,173,782,097