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Revenue Recognition (Tables)
6 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue by Major Sources

The following disaggregates our revenue by major sources for the three and six months ended March 31, 2024 and March 31, 2023:

 

 

Three Months
Ended March 31,

 

 

Six Months
Ended March 31,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Petroleum Products:

 

 

 

 

 

 

 

 

 

 

 

 

Home heating oil and propane

 

$

508,155

 

 

$

566,457

 

 

$

859,369

 

 

$

1,001,980

 

Other petroleum products

 

 

87,143

 

 

 

102,755

 

 

 

184,479

 

 

 

237,161

 

   Total petroleum products

 

 

595,298

 

 

 

669,212

 

 

 

1,043,848

 

 

 

1,239,141

 

Installations and Services:

 

 

 

 

 

 

 

 

 

 

 

 

Equipment installations

 

 

26,224

 

 

 

25,208

 

 

 

60,539

 

 

 

57,997

 

Equipment maintenance service contracts

 

 

29,386

 

 

 

28,961

 

 

 

58,302

 

 

 

57,677

 

Billable call services

 

 

15,124

 

 

 

14,236

 

 

 

31,439

 

 

 

30,989

 

   Total installations and services

 

 

70,734

 

 

 

68,405

 

 

 

150,280

 

 

 

146,663

 

   Total Sales

 

$

666,032

 

 

$

737,617

 

 

$

1,194,128

 

 

$

1,385,804

 

 

Summary of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses are as follows:

 

(in thousands)

Credit Loss Allowance

 

Balance at September 30, 2023

$

8,375

 

Current period provision

 

3,672

 

Write-offs, net and other

 

(3,151

)

Balance as of March 31, 2024

$

8,896