Year Ended September 30,

(in thousands)

2025

2024

2023

Petroleum products sales:

Home heating oil and propane

$

1,119,777

$

1,081,985

$

1,202,194

Motor fuel and other petroleum products

317,824

366,807

448,547

      Total petroleum products

1,437,601

1,448,792

1,650,741

Installations and service sales:

Equipment installations

135,149

123,493

114,756

Services

211,668

193,814

187,365

      Total installations and services

346,817

317,307

302,121

Total sales

1,784,418

1,766,099

1,952,862

Cost and expenses:

Cost of product

912,391

980,831

1,204,184

Cost of installations

110,915

100,938

95,196

Cost of service

198,246

182,506

182,731

      Delivery expenses

116,136

105,696

108,896

      Operations expenses

75,035

68,724

69,774

      Garage and plant expenses

44,889

41,822

39,746

      Sales and marketing expenses

53,790

50,126

48,144

      Customer service and credit expenses

52,027

51,230

52,578

      Insurance related expenses

39,982

41,690

35,163

      Information technology expenses

15,863

14,591

11,813

      Weather hedge contracts (gain) loss

3,108

(7,498

)

(12,500

)

General and administrative expenses

30,518

28,405

25,780

Finance charge income

(4,915

)

(4,576

)

(5,515

)

Adjusted EBITDA

136,433

111,614

96,872

(Increase) decrease in the fair value of derivative instruments

(13,390

)

19,018

1,977

Depreciation and amortization expenses

35,352

31,494

32,350

Operating Income

114,471

61,102

62,545

Interest expense, net

(14,323

)

(11,560

)

(15,532

)

Amortization of debt issuance costs

(1,068

)

(988

)

(1,084

)

      Other income, net

3,822

—

—

Income before income taxes

102,902

48,554

45,929

Income tax expense

29,407

13,331

13,984

Net income

$

73,495

$

35,223

$

31,945