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Condensed Consolidated Statement of Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Natural gas operations $ 14,767,783 $ 18,977,005 $ 66,047,513 $ 75,784,368
Marketing and production 1,278,299 1,522,914 3,731,530 6,212,270
Total revenues 16,046,082 20,499,919 69,779,043 81,996,638
COST OF SALES        
Natural gas purchased 7,474,085 10,671,634 41,335,438 50,518,238
Marketing and production 1,071,569 1,436,158 3,378,458 5,677,123
Total cost of sales 8,545,654 12,107,792 44,713,896 56,195,361
GROSS MARGIN 7,500,428 8,392,127 25,065,147 25,801,277
OPERATING EXPENSES        
Distribution, general, and administrative 6,369,218 6,267,338 12,986,821 12,747,746
Maintenance 287,751 319,466 615,231 624,546
Depreciation and amortization 1,658,495 1,678,661 3,537,216 3,347,983
Accretion 9,897 13,050 21,077 27,278
Provision for doubtful accounts 46,586 813,452 98,328 821,731
Taxes other than income 1,005,294 1,039,209 2,008,457 1,960,395
Total operating expenses 9,377,241 10,131,176 19,267,130 19,529,679
OPERATING INCOME (LOSS) (1,876,813) (1,739,049) 5,798,017 6,271,598
Loss from unconsolidated affiliate 0 (4) 0 (977)
Other income, net 38,405 158,549 316,027 259,325
Acquisition expense 0 (1,869) 0 (7,197)
Interest expense (886,099) (760,969) (1,755,121) (1,570,068)
Income (loss) before income taxes (2,724,507) (2,343,342) 4,358,923 4,952,681
Income tax benefit (expense) 1,012,433 849,843 (1,654,240) (1,909,635)
INCOME (LOSS) FROM CONTINUING OPERATIONS (1,712,074) (1,493,499) 2,704,683 3,043,046
Discontinued operations, net of tax 212,879 64,881 649,795 546,827
NET INCOME (LOSS) $ (1,499,195) $ (1,428,618) $ 3,354,478 $ 3,589,873
Basic weighted shares outstanding (in shares) 10,487,610 10,468,961 10,487,561 10,468,961
Dilutive effect of stock options (in shares) 0 0 1,320 429
Diluted weighted shares outstanding (in shares) 10,487,610 10,468,961 10,488,881 10,469,390
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ (0.16) $ (0.14) $ 0.26 $ 0.29
Discontinued operations (in dollars per share) 0.02 0.01 0.06 0.05
Net income (loss) per share (in dollars per share) (0.14) (0.13) 0.32 0.34
Dividends declared per common share (see Note 15) (in dollars per share) $ 0 $ 0.135 $ 0.135 $ 0.270
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) $ (1,499,195) $ (1,428,618) $ 3,354,478 $ 3,589,873
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX        
Unrealized gain on available for sale securities, net of tax of $0, $2,950, $0, and $1,623, respectively 0 5,150 0 4,227
COMPREHENSIVE INCOME (LOSS) $ (1,499,195) $ (1,423,468) $ 3,354,478 $ 3,594,100