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v3.25.3

Business Segment Data (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Transactions |
| (In Thousands) |
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
Operation by Segments |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |
Regulated | $ | 51,209 |  |  | $ | 52,252 |  |  | $ | 138,973 |  |  | $ | 135,682 |  |
Non – Regulated | 3,305 |  |  | 3,325 |  |  | 9,509 |  |  | 9,940 |  |
Inter-segment Elimination | (423) |  |  | (477) |  |  | (767) |  |  | (852) |  |
Consolidated Revenues | $ | 54,091 |  |  | $ | 55,100 |  |  | $ | 147,715 |  |  | $ | 144,770 |  |
Operating Expenses |  |  |  |  |  |  |  |
Purchased Water: |  |  |  |  |  |  |  |
Regulated | $ | 2,353 |  |  | $ | 1,767 |  |  | $ | 6,339 |  |  | $ | 5,521 |  |
Non – Regulated | — |  |  | — |  |  | — |  |  | — |  |
Inter-segment Elimination | (303) |  |  | (360) |  |  | (406) |  |  | (502) |  |
Consolidated Purchased Water | $ | 2,050 |  |  | $ | 1,407 |  |  | $ | 5,933 |  |  | $ | 5,019 |  |
Other Operations and Maintenance Expenses: |  |  |  |  |  |  |  |
Regulated | $ | 19,624 |  |  | $ | 21,802 |  |  | $ | 56,269 |  |  | $ | 56,446 |  |
Non – Regulated | 2,184 |  |  | 2,267 |  |  | 6,072 |  |  | 6,534 |  |
Inter-segment Elimination | (120) |  |  | (117) |  |  | (361) |  |  | (350) |  |
Consolidated Other Operations and Maintenance Expenses | $ | 21,688 |  |  | $ | 23,952 |  |  | $ | 61,980 |  |  | $ | 62,630 |  |
Other Taxes: |  |  |  |  |  |  |  |
Regulated | $ | 5,656 |  |  | $ | 5,881 |  |  | $ | 16,283 |  |  | $ | 16,264 |  |
Non – Regulated | 53 |  |  | 50 |  |  | 177 |  |  | 166 |  |
Consolidated Other Taxes | $ | 5,709 |  |  | $ | 5,931 |  |  | $ | 16,460 |  |  | $ | 16,430 |  |
Depreciation: |  |  |  |  |  |  |  |
Regulated | $ | 6,871 |  |  | $ | 6,245 |  |  | $ | 19,973 |  |  | $ | 17,812 |  |
Non – Regulated | 70 |  |  | 64 |  |  | 198 |  |  | 198 |  |
Consolidated Depreciation | $ | 6,941 |  |  | $ | 6,309 |  |  | $ | 20,171 |  |  | $ | 18,010 |  |
Operating Income: |  |  |  |  |  |  |  |
Regulated | $ | 16,826 |  |  | $ | 16,673 |  |  | $ | 40,470 |  |  | $ | 39,989 |  |
Non – Regulated | 877 |  |  | 828 |  |  | 2,701 |  |  | 2,692 |  |
Consolidated Operating Income | $ | 17,703 |  |  | $ | 17,501 |  |  | $ | 43,171 |  |  | $ | 42,681 |  |
Other Income: |  |  |  |  |  |  |  |
Regulated | $ | 2,002 |  |  | $ | 2,038 |  |  | $ | 5,924 |  |  | $ | 10,048 |  |
Non – Regulated | 61 |  |  | 76 |  |  | 154 |  |  | 183 |  |
Inter-segment Elimination | (177) |  |  | (146) |  |  | (496) |  |  | (242) |  |
Consolidated Other Income, Net | $ | 1,886 |  |  | $ | 1,968 |  |  | $ | 5,582 |  |  | $ | 9,989 |  |
| (In Thousands) |
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |
Operation by Segments (continued) |  |  |  |  |  |  |  |
Interest Charges: |  |  |  |  |  |  |  |
Regulated | $ | 4,377 |  |  | $ | 3,557 |  |  | $ | 11,031 |  |  | $ | 10,963 |  |
Non – Regulated | — |  |  | — |  |  | — |  |  | — |  |
Inter-segment Elimination | (177) |  |  | (146) |  |  | (496) |  |  | (242) |  |
Consolidated Interest Charges | $ | 4,200 |  |  | $ | 3,411 |  |  | $ | 10,535 |  |  | $ | 10,721 |  |
Income Taxes: |  |  |  |  |  |  |  |
Regulated | $ | 1,116 |  |  | $ | 1,457 |  |  | $ | 3,074 |  |  | $ | 5,497 |  |
Non – Regulated | $ | 315 |  |  | 282 |  |  | $ | 927 |  |  | 905 |  |
Consolidated Income Taxes | $ | 1,431 |  |  | $ | 1,739 |  |  | $ | 4,001 |  |  | $ | 6,402 |  |
Net Income: |  |  |  |  |  |  |  |
Regulated | $ | 13,335 |  |  | $ | 13,697 |  |  | $ | 32,289 |  |  | $ | 33,576 |  |
Non – Regulated | $ | 623 |  |  | 622 |  |  | $ | 1,928 |  |  | 1,971 |  |
Consolidated Net Income | $ | 13,958 |  |  | $ | 14,319 |  |  | $ | 34,217 |  |  | $ | 35,547 |  |
Capital Expenditures: |  |  |  |  |  |  |  |
Regulated | $ | 20,785 |  |  | $ | 20,743 |  |  | $ | 71,334 |  |  | $ | 49,444 |  |
Non – Regulated | 222 |  |  | — |  |  | $ | 308 |  |  | 36 |  |
Total Capital Expenditures | $ | 21,007 |  |  | $ | 20,743 |  |  | $ | 71,642 |  |  | $ | 49,480 |  |
| (Thousands of Dollars) |  |
| As of September 30, 2025 |  | As of December 31, 2024 |  |
Assets: |  |  |  |  |
Regulated | 1,351,268 |  |  | $ | 1,264,472 |  |  |
Non – Regulated | 7,679 |  |  | 7,671 |  |  |
Inter-segment Elimination | (16,988) |  |  | (16,969) |  |  |
Consolidated Assets | $ | 1,341,959 |  |  | $ | 1,255,174 |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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