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Selected Quarterly Financial Data
12 Months Ended
Sep. 30, 2025
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

21) Selected Quarterly Financial Data (unaudited)

 

 

 

Three Months Ended

 

 

 

 

 

 

Dec. 31,

 

 

Mar. 31,

 

 

Jun. 30,

 

 

Sep. 30,

 

 

 

 

(in thousands - except per unit data)

 

2024

 

 

2025

 

 

2025

 

 

2025

 

 

Total

 

Sales

 

$

488,063

 

 

$

743,045

 

 

$

305,618

 

 

$

247,692

 

 

$

1,784,418

 

Gross profit for product, installations and services

 

 

157,699

 

 

 

259,885

 

 

 

85,857

 

 

 

59,425

 

 

 

562,866

 

Operating income (loss)

 

 

49,219

 

 

 

125,372

 

 

 

(19,177

)

 

 

(40,943

)

 

 

114,471

 

Income (loss) before income taxes

 

 

45,908

 

 

 

120,678

 

 

 

(23,090

)

 

 

(40,594

)

 

 

102,902

 

Net income (loss)

 

 

32,884

 

 

 

85,911

 

 

 

(16,629

)

 

 

(28,671

)

 

 

73,495

 

Limited Partner interest in net income (loss)

 

 

32,577

 

 

 

85,109

 

 

 

(16,472

)

 

 

(28,396

)

 

 

72,818

 

Net income (loss) per Limited Partner unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (a)

 

$

0.79

 

 

$

2.01

 

 

$

(0.48

)

 

$

(0.84

)

 

$

1.82

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

Dec. 31,

 

 

Mar. 31,

 

 

Jun. 30,

 

 

Sep. 30,

 

 

 

 

(in thousands - except per unit data)

 

2023

 

 

2024

 

 

2024

 

 

2024

 

 

Total

 

Sales

 

$

528,096

 

 

$

666,032

 

 

$

331,640

 

 

$

240,331

 

 

$

1,766,099

 

Gross profit for product, installations and services

 

 

149,651

 

 

 

206,046

 

 

 

88,247

 

 

 

57,880

 

 

 

501,824

 

Operating income (loss)

 

 

21,621

 

 

 

100,331

 

 

 

(12,291

)

 

 

(48,559

)

 

 

61,102

 

Income (loss) before income taxes

 

 

18,153

 

 

 

96,244

 

 

 

(15,201

)

 

 

(50,642

)

 

 

48,554

 

Net income (loss)

 

 

12,979

 

 

 

68,374

 

 

 

(11,044

)

 

 

(35,086

)

 

 

35,223

 

Limited Partner interest in net income (loss)

 

 

12,861

 

 

 

67,754

 

 

 

(10,943

)

 

 

(34,760

)

 

 

34,912

 

Net income (loss) per Limited Partner unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (a)

 

$

0.32

 

 

$

1.56

 

 

$

(0.31

)

 

$

(1.00

)

 

$

0.90

 

 

(a)
The sum of the quarters do not add-up to the total due to the weighting of Limited Partner Units outstanding, rounding or the theoretical effects of FASB ASC 260-10-45-60 to Master Limited Partners earnings per unit.