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Business Segment Data
 3 Months Ended
Mar. 31, 2020
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.

9

(In Thousands)

Three Months Ended

March 31,

Operations by Segments:

2020

2019

Revenues:

Regulated

$

28,937

$

27,898

Non – Regulated

2,961

2,925

Inter-segment Elimination

(129

)

(125

)

Consolidated Revenues

$

31,769

$

30,698

 

Operating Income:

Regulated

$

5,843

$

6,034

Non – Regulated

684

994

Consolidated Operating Income

$

6,527

$

7,028

 

Net Income:

Regulated

$

7,181

$

5,868

Non – Regulated

487

684

Consolidated Net Income

$

7,668

$

6,552

 

Capital Expenditures:

Regulated

$

24,968

$

12,293

Non – Regulated

179

31

Total Capital Expenditures

$

25,147

$

12,324

As of

As of

March 31,

December 31,

2020

2019

Assets:

Regulated

$

924,476

$

910,081

Non – Regulated

9,378

9,686

Inter-segment Elimination

1,462

(9,889

)

Consolidated Assets

$

935,316

$

909,878