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Earnings per Limited Partner Units (Tables)
12 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Allocation and Per Unit Data

The following table presents the net income allocation and per unit data:

 

Basic and Diluted Earnings Per Limited Partner:

 

Years Ended September 30,

 

(in thousands, except per unit data)

 

2025

 

 

2024

 

 

2023

 

Net income

 

$

73,495

 

 

$

35,223

 

 

$

31,945

 

Less General Partners’ interest in net income

 

 

677

 

 

 

311

 

 

 

288

 

Net income available to limited partners

 

 

72,818

 

 

 

34,912

 

 

 

31,657

 

Less dilutive impact of theoretical distribution of
   earnings *

 

 

10,352

 

 

 

3,125

 

 

 

2,600

 

Limited Partner’s interest in net income

 

$

62,466

 

 

$

31,787

 

 

$

29,057

 

Per unit data:

 

 

 

 

 

 

 

 

 

Basic and diluted net income available to limited partners

 

$

2.12

 

 

$

0.99

 

 

$

0.89

 

Less dilutive impact of theoretical distribution of
   earnings *

 

 

0.30

 

 

 

0.09

 

 

 

0.08

 

Limited Partner’s interest in net income

 

$

1.82

 

 

$

0.90

 

 

$

0.81

 

Weighted average number of Limited Partner units outstanding

 

 

34,276

 

 

 

35,273

 

 

 

35,694

 

 

* In any accounting period where the Company’s aggregate net income exceeds its aggregate distribution for such period, the Company is required to present net income per limited partner unit as if all of the earnings for the period were distributed, based on the terms of the Partnership agreement, regardless of whether those earnings would actually be distributed during a particular period from an economic or practical perspective. This allocation does not impact the Company’s overall net income or other financial results.