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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Utility plant, at original cost (less accumulated depreciation - 2025 - $199,048; 2024 - $192,253) $ 788,318 $ 747,186
Current assets    
Cash and cash equivalents 705 1,147
Accounts and other receivables (less provision for expected credit loss 2025 - $406; 2024 - $343) 8,161 11,339
Income tax receivable 185 624
Unbilled operating revenues 2,573 1,861
Materials and supplies 4,041 4,278
Prepaid property taxes 186 2,188
Prepaid expenses and other 3,726 3,091
Total current assets 19,577 24,528
Other assets    
Non‑utility property (less accumulated depreciation - 2025 - $1,130; 2024 - $1,116) 3,584 3,603
Other deferred assets 6,979 6,525
Goodwill 1,939 1,939
Operating lease right-of-use assets 409 414
Total other assets 12,911 12,481
Regulatory assets, net 13,102 14,428
Total Assets 833,908 798,623
Stockholders' equity    
Common stock 10,313 10,300
Preferred stock 0 0
Additional paid-in capital 144,316 143,920
Retained earnings 94,214 84,969
Total stockholders' equity 248,843 239,189
Long-term debt, net of current portion 174,660 176,509
Total stockholders' equity and long-term debt 423,503 415,698
Current liabilities    
Lines of credit 309  
Current portion of long-term debt 2,225 2,167
Accounts payable 12,212 11,228
Accrued expenses 6,712 5,336
Overdraft payable 35 31
Accrued interest 1,343 930
Income taxes payable 631 500
Customer and other deposits 3,480 3,347
Other 2,025 2,054
Total current liabilities 28,972 25,593
Commitments and contingencies
Deferred credits and other liabilities    
Net advances for construction 1,369 1,582
Operating lease liabilities 399 404
Regulatory liabilities 26,725 30,267
Deferred investment tax credits 398 409
Deferred income taxes 53,753 52,265
Total deferred credits and other liabilities 82,644 84,927
Net contributions in aid of construction 298,789 272,405
Total Liabilities and Stockholders' Equity $ 833,908 $ 798,623