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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Operating revenue $ 176,174 $ 156,886 $ 325,556 $ 294,182
Production Expenses:        
Purchased water 38,129 32,592 64,321 55,010
Power 2,737 2,379 5,164 4,578
Groundwater extraction charges 17,552 14,994 29,678 25,353
Other production expenses 12,052 11,921 23,101 23,964
Total production expenses 70,470 61,886 122,264 108,905
Administrative and general 20,468 23,527 46,256 47,871
Maintenance 7,881 6,298 14,568 12,356
Property taxes and other non-income taxes 8,419 7,896 17,249 16,297
Depreciation and amortization 28,366 26,121 56,736 52,417
Total operating expense 135,604 125,728 257,073 237,846
Operating income 40,570 31,158 68,483 56,336
Other (expense) income:        
Interest on long-term debt and other interest expense (18,294) (16,397) (35,878) (32,169)
Pension non-service credit (cost) 939 (102) 1,889 (166)
Other, net 1,205 2,115 3,856 5,381
Income before income taxes 24,420 16,774 38,350 29,382
Provision for income taxes 3,724 (1,512) 5,955 (434)
Net income 20,696 18,286 32,395 29,816
Other comprehensive income (loss), net 0 9 (442) 102
Comprehensive income $ 20,696 $ 18,295 $ 31,953 $ 29,918
Earnings per share        
Basic (in usd per share) $ 0.64 $ 0.58 $ 1.00 $ 0.96
Diluted (in usd per share) 0.64 0.58 1.00 0.95
Dividends per share (in usd per share) $ 0.40 $ 0.38 $ 0.80 $ 0.76
Weighted average shares outstanding        
Basic (in shares) 32,397,501 31,499,068 32,237,115 31,219,324
Diluted (in shares) 32,460,894 31,594,494 32,302,741 31,319,248