Derivatives and Hedging-Disclosures and Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Company's Commodity Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company had no assets or liabilities that are measured at fair value on a nonrecurring basis subsequent to their initial recognition. The Company’s commodity financial assets and liabilities measured at fair value on a recurring basis are listed on the following table.

(In thousands)					Fair Value Measurements at Reporting Date Using:
Derivatives Not Designated as Hedging Instruments					Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
Under FASB ASC 815-10	Balance Sheet Location	Total			Level 1		Level 2
Asset Derivatives at September 30, 2023
Commodity contracts	Fair asset and liability value of derivative instruments	$	17,891		$	—	$	17,891
Commodity contracts	Long-term derivative assets included in the deferred charges and other assets, net and other long-term liabilities, net balances		779			—		779
Commodity contract assets at September 30, 2023		$	18,670		$	—	$	18,670
Liability Derivatives at September 30, 2023
Commodity contracts	Fair asset and liability value of derivative instruments	$	(7,349	)	$	—	$	(7,349	)
Commodity contracts	Long-term derivative liabilities included in the deferred charges and other assets, net and other long-term liabilities, net balances		(679	)		—		(679	)
Commodity contract liabilities at September 30, 2023		$	(8,028	)	$	—	$	(8,028	)
Asset Derivatives at September 30, 2022
Commodity contracts	Fair asset and liability value of derivative instruments	$	51,134		$	—	$	51,134
Commodity contracts	Long-term derivative assets included in the deferred charges and other assets, net		2,094			—		2,094
Commodity contract assets at September 30, 2022		$	53,228		$	—	$	53,228
Liability Derivatives at September 30, 2022
Commodity contracts	Fair asset and liability value of derivative instruments	$	(34,494	)	$	—	$	(34,494	)
Commodity contracts	Long-term derivative assets included in the deferred charges and other assets, net		(743	)		—		(743	)
Commodity contract liabilities at September 30, 2022		$	(35,237	)	$	—	$	(35,237	)

Company's Commodity Derivatives Assets (Liabilities) Offset by Counterparty

The Company’s commodity derivative assets (liabilities) offset by counterparty and subject to an enforceable master netting arrangement are listed on the following table.

(In thousands)									Gross Amounts Not Offset in the Statement of Financial Position
Offsetting of Financial Assets (Liabilities) and Derivative Assets (Liabilities)	Gross Assets Recognized		Gross Liabilities Offset in the Statement of Financial Position			Net Assets (Liabilities) Presented in the Statement of Financial Position			Financial Instruments		Cash Collateral Received		Net Amount
Fair asset value of derivative instruments	$	17,815	$	(7,155	)	$	10,660		$	—	$	—	$	10,660
Long-term derivative assets included in    deferred charges and other assets, net		567		(452	)		115			—		—		115
Fair liability value of derivative instruments		76		(194	)		(118	)		—		—		(118	)
Long-term derivative liabilities included in    other long-term liabilities, net		212		(227	)		(15	)		—		—		(15	)
Total at September 30, 2023	$	18,670	$	(8,028	)	$	10,642		$	—	$	—	$	10,642
Fair asset value of derivative instruments	$	47,784	$	(30,961	)	$	16,823		$	—	$	—	$	16,823
Long-term derivative assets included in    deferred charges and other assets, net		2,094		(743	)		1,351			—		—		1,351
Fair liability value of derivative instruments		3,350		(3,533	)		(183	)		—		—		(183	)
Total at September 30, 2022	$	53,228	$	(35,237	)	$	17,991		$	—	$	—	$	17,991

Company's Effect on Derivative Instruments on the Statement of Operations

(In thousands)
The Effect of Derivative Instruments on the Statement of Operations
		Amount of (Gain) or Loss Recognized
		Years Ended September 30,
Derivatives Not Designated as Hedging Instruments Under FASB ASC 815-10	Location of (Gain) or Loss Recognized in Income on Derivative	2023		2022			2021
Commodity contracts	Cost of product (a)	$	17,268	$	(34,523	)	$	2,395
Commodity contracts	Cost of installations and service (a)	$	16	$	(1,555	)	$	(359	)
Commodity contracts	Delivery and branch expenses (a)	$	434	$	(3,423	)	$	183
Commodity contracts	(Increase) / decrease in the fair value of derivative instruments (b)	$	1,977	$	17,286		$	(36,138	)

(a) Represents realized closed positions and includes the cost of options as they expire.

(b) Represents the change in value of unrealized open positions and expired options.