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Business Segment Data
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Business Segment Data

Note 5 – Business Segment Data

 

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

 

   (In Thousands)
   Three Months Ended  Nine Months Ended
   September 30,  September 30,
Operations by Segments:  2016  2015  2016  2015
Revenues:            
   Regulated  $33,989   $31,120   $89,797   $83,998 
   Non – Regulated   3,949    3,650    11,685    11,445 
Inter-segment Elimination   (144)   (116)   (384)   (343)
Consolidated Revenues  $37,794   $34,654   $101,098   $95,100 
                     
Operating Income:                    
   Regulated  $13,516   $10,938   $30,940   $25,774 
   Non – Regulated   640    522    1,845    1,604 
Consolidated Operating Income  $14,156   $11,460   $32,785   $27,378 
                     
Net Income:                    
   Regulated  $8,154   $6,466   $18,226   $14,653 
   Non – Regulated   659    277    1,296    814 
Consolidated Net Income  $8,813   $6,743   $19,522   $15,467 
                     
Capital Expenditures:                    
  Regulated  $14,011   $6,613   $33,961   $19,232 
   Non – Regulated   24    38    185    65 
Total Capital Expenditures  $14,035   $6,651   $34,146   $19,297 
                     

   As of  As of  
   September 30,  December 31,  
   2016  2015  
Assets:            
   Regulated  $611,400   $581,321   
   Non – Regulated   7,047    6,436   
Inter-segment Elimination   (5,999)   (6,374)  
Consolidated Assets  $612,448   $581,383