XML 32 R25.htm IDEA: XBRL DOCUMENT v3.24.2
Subsequent Events
9 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

16) Subsequent Events

Quarterly Distribution Declared

In July 2024, we declared a quarterly distribution of $0.1725 per unit, or $0.69 per unit on an annualized basis, on all Common Units with respect to the third quarter of fiscal 2024, paid on August 7, 2024, to holders of record on July 29, 2024. The amount of distributions in excess of the minimum quarterly distribution of $0.0675 are distributed in accordance with our Partnership Agreement, subject to the management incentive compensation plan. As a result, $6.0 million will be paid to the Common Unit holders, $0.4 million to the General Partner unit holders (including $0.3 million of incentive distribution as provided in our Partnership Agreement) and $0.3 million to management pursuant to the management incentive compensation plan which provides for certain members of management to receive incentive distributions that would otherwise be payable to the General Partner.

Common Units Repurchased and Retired

Through July 30, 2024, in accordance with the Repurchase Plan, the Company repurchased and retired approximately 0.1 million Common Units at an average price paid of $11.02 per unit.

 

Acquisitions

In July 2024 we entered into a definitive agreement to purchase a heating oil business for approximately $35 million before working capital adjustments. The acquisition is expected to close in the fourth quarter of fiscal 2024.