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Subsequent Events
6 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

16) Subsequent Events

Acquisition

In April 2021, the Company purchased the customer list and assets of a heating oil dealer for an aggregate amount of approximately $3.2 million; $2.3 million in cash and $0.9 million of contingent liabilities. The purchase price was allocated $3.0 million to intangible assets, $0.3 million to fixed assets and reduced by $0.1 million for working capital credits.

Quarterly Distribution Declared

In April 2021, we declared a quarterly distribution of $0.1425 per unit, or $0.57 per unit on an annualized basis, on all Common Units with respect to the second quarter of fiscal 2021, payable on May 11, 2021, to holders of record on May 3, 2021. 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, $5.7 million will be paid to the Common Unit holders, $0.3 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.