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BUSINESS SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
BUSINESS SEGMENT INFORMATION [Abstract] |
Segment Reporting Information, by Segment | The accounting policies of the operating segments are the same as those described in Note 2 – Basis of Presentation. The measurement of depreciation, interest, and capital expenditures are predominately related to our Regulated Utility segment. These amounts in our non-utility business are negligible and account for approximately less than 1% of condensed consolidated amounts as of March 31, 2025 and March 31, 2024.
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
in thousands |  | Regulated Utility |  |  | Total |  |  | Regulated Utility |  |  | Total |
Regulated Utility Revenues |  | $ | 24,045 |  |  | $ | 24,045 |  |  | $ | 22,840 |  |  | $ | 22,840 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other revenues |  |  |  |  |  |  | 1,905 | (a) |  |  |  |  |  |  | 1,763 | (a)
Inter-segment elimination |  |  |  |  |  |  | (64 | ) |  |  |  |  |  |  | (59 | )
Consolidated revenues |  |  |  |  |  |  | 25,886 |  |  |  |  |  |  |  | 24,544 |
Less: (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payroll and Benefits (c) |  |  | 6,210 |  |  |  |  |  |  |  | 6,358 |  |  |  |  |
Supply and Delivery (d) |  |  | 3,452 |  |  |  |  |  |  |  | 3,363 |  |  |  |  |
Administrative (e) |  |  | 2,725 |  |  |  |  |  |  |  | 2,295 |  |  |  |  |
Depreciation and Amortization |  |  | 3,344 |  |  |  |  |  |  |  | 3,451 |  |  |  |  |
Income Taxes |  |  | 1,584 |  |  |  |  |  |  |  | 1,425 |  |  |  |  |
Property and other taxes |  |  | 1,668 |  |  |  |  |  |  |  | 1,591 |  |  |  |  |
Regulated Utility Operating Income |  | $ | 5,062 |  |  | $ | 5,062 |  |  | $ | 4,357 |  |  | $ | 4,357 |
Reconciliation of operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other profit |  |  |  |  |  |  | 484 | (a) |  |  |  |  |  |  | 362 | (a)
Consolidated operating income |  |  |  |  |  | $ | 5,546 |  |  |  |  |  |  | $ | 4,719 |
|  | March 31, 2025 |  |  | March 31, 2024 |
|  | Regulated Utility |  |  | Total |  |  | Regulated Utility |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Regulated Utility Assets |  | $ | 801,517 |  |  | $ | 801,517 |  |  | $ | 793,118 |  |  | $ | 793,118 |
Reconciliation of assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  |  |  |  |  |  | 7,335 |  |  |  |  |  |  |  | 5,505 |
Consolidated assets |  |  |  |  |  | $ | 808,852 |  |  |  |  |  |  | $ | 798,623 |
(a) Other revenues and other profit: – Revenue and profit from segments below the quantitative thresholds are attributable to four non-utility businesses of the Company – These businesses are primarily comprised of: Service Line Protection Plan services for water, sewer and internal plumbing; design, construction and engineering services; contract services for the operation and maintenance of water and wastewater systems in Delaware and Maryland; and leased space to the Regulated Utility Segment – These non-utility businesses do not individually or in the aggregate meet the quantitative thresholds for determining reportable segments – Certain corporate costs have been allocated from the regulated utility segment to the non-utility businesses and are included in the other profit amounts shown (b) Significant expense categories: – The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM – Inter-segment expenses related to leased space provided by one non-utility business, calculated on the lower of cost or market method, are included in the amounts shown (c) Payroll and benefits: – This category does not include amounts capitalized on the Condensed Consolidated Balance Sheet (d) Supply and Delivery: – This category includes purchased power, purchased water, chemicals, infrastructure maintenance and repair costs, and wastewater disposal fees (e) Administration expense: – This category includes computer systems maintenance and subscription fees, audit and legal fees, insurance, customer billing, and other general and administrative expenses

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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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