The following table sets forth, by level within the fair value hierarchy, the Company's financial assets and liabilities (as applicable) that were accounted for at fair value on a recurring basis as of March 31, 2018 and September 30, 2017. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The fair value presentation for over the counter swaps combines gas and oil swaps because a significant number of the counterparties enter into both gas and oil swap agreements with the Company.



Recurring Fair Value Measures	At fair value as of March 31, 2018
(Thousands of Dollars)	Level 1		Level 2		Level 3		Netting Adjustments⁽¹⁾			Total⁽¹⁾
Assets:
Cash Equivalents – Money Market Mutual Funds	$	196,448	$	—	$	—	$	—		$	196,448
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	727		—		—		(727		)	—
Over the Counter Swaps – Gas and Oil	—		32,770		—		(14,837		)	17,933
Foreign Currency Contracts	—		608		—		(397		)	211
Other Investments:
Balanced Equity Mutual Fund	36,910		—		—		—			36,910
Fixed Income Mutual Fund	44,192		—		—		—			44,192
Common Stock – Financial Services Industry	2,885		—		—		—			2,885
Hedging Collateral Deposits	3,657		—		—		—			3,657
Total	$	284,819	$	33,378	$	—	$	(15,961	)	$	302,236

Liabilities:
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	$	1,479	$	—	$	—	$	(727	)	$	752
Over the Counter Swaps – Gas and Oil	—		24,911		—		(14,837		)	10,074
Foreign Currency Contracts	—		1,046		—		(397		)	649
Total	$	1,479	$	25,957	$	—	$	(15,961	)	$	11,475
Total Net Assets/(Liabilities)	$	283,340	$	7,421	$	—	$	—		$	290,761



Recurring Fair Value Measures	At fair value as of September 30, 2017
(Thousands of Dollars)	Level 1		Level 2		Level 3		Netting Adjustments⁽¹⁾			Total⁽¹⁾
Assets:
Cash Equivalents – Money Market Mutual Funds	$	527,978	$	—	$	—	$	—		$	527,978
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	1,483		—		—		(963		)	520
Over the Counter Swaps – Gas and Oil	—		38,977		—		(4,206		)	34,771
Foreign Currency Contracts	—		1,227		—		(407		)	820
Other Investments:
Balanced Equity Mutual Fund	37,033		—		—		—			37,033
Fixed Income Mutual Fund	45,727		—		—		—			45,727
Common Stock – Financial Services Industry	3,150		—		—		—			3,150
Hedging Collateral Deposits	1,741		—		—		—			1,741
Total	$	617,112	$	40,204	$	—	$	(5,576	)	$	651,740

Liabilities:
Derivative Financial Instruments:
Commodity Futures Contracts – Gas	$	963	$	—	$	—	$	(963	)	$	—
Over the Counter Swaps – Gas and Oil	—		5,309		—		(4,206		)	1,103
Foreign Currency Contracts	—		407		—		(407		)	—
Total	$	963	$	5,716	$	—	$	(5,576	)	$	1,103
Total Net Assets/(Liabilities)	$	616,149	$	34,488	$	—	$	—		$	650,637


⁽¹⁾	Netting Adjustments represent the impact of legally-enforceable master netting arrangements that allow the Company to net gain and loss positions held with the same counterparties. The net asset or net liability for each counterparty is recorded as an asset or liability on the Company’s balance sheet.