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Business Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliation of Net Income | A reconciliation of net income to EBITDA and Adjusted EBITDA for the three months ended March 31, 2025 and 2024 is as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 | 2024
Net Income |  |  |  |  | $ | 591 |  | $ | 691 |
Income tax expense |  |  |  |  | 183 |  | 250 |
Interest income |  |  |  |  | (99) |  | (238) |
Interest expense |  |  |  |  | 1,478 |  | 1,566 |
Depreciation and amortization |  |  |  |  | 3,328 |  | 2,934 |
EBITDA |  |  |  |  | 5,481 |  | 5,203 |
Loss on disposal of fixed assets |  |  |  |  | — |  | 2 |
Restricted stock expense |  |  |  |  | 162 |  | 198 |
EBITDA adjustments |  |  |  |  | 162 |  | 200 |
Adjusted EBITDA |  |  |  |  | $ | 5,643 |  | $ | 5,403 |
Schedule of Significant Expense | The CODM reviews the following significant expense categories:
|  |  | Three Months Ended March 31,
|  |  |  | 2025 | 2024
Segment revenue |  |  |  | $ | 12,457 |  | $ | 11,610 |
Segment expenses |  |  |  |  |
Personnel costs - operations and maintenance |  |  |  | 1,340 |  | 1,293 |
Utilities, chemicals and repairs |  |  |  | 1,032 |  | 791 |
Other operations and maintenance expenses |  |  |  | 1,315 |  | 1,200 |
Personnel costs - general and administrative |  |  |  | 2,195 |  | 2,201 |
Professional fees |  |  |  | 467 |  | 451 |
Other general and administrative expenses |  |  |  | 1,525 |  | 1,473 |
Depreciation and amortization |  |  |  | 3,328 |  | 2,934 |
Total operating expenses |  |  |  | 11,202 |  | 10,343 |
Operating income |  |  |  | 1,255 |  | 1,267 |
Other income (expense) |  |  |  |  |
Buckeye growth premiums |  |  |  | 618 |  | 777 |
Other segment income and expenses |  |  |  | (1,099) |  | (1,103) |
Total other expense |  |  |  | (481) |  | (326) |
Income tax expense |  |  |  | (183) |  | (250) |
Net Income |  |  |  | $ | 591 |  | $ | 691 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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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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