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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 14,241 $ 13,510 $ 26,698 $ 25,120
Operating Expenses        
Operations and maintenance 3,917 3,485 7,604 6,769
General and administrative 4,387 4,232 8,574 8,357
Depreciation and amortization 3,317 2,996 6,645 5,930
Total operating expenses 11,621 10,713 22,823 21,056
Operating Income 2,620 2,797 3,875 4,064
Other Income (Expense)        
Interest income 216 266 315 504
Interest expense (1,496) (1,507) (2,974) (3,073)
Other, net 889 772 1,787 1,774
Total other expense (391) (469) (872) (795)
Income Before Income Taxes 2,229 2,328 3,003 3,269
Income Tax Expense (617) (598) (800) (848)
Net Income $ 1,612 $ 1,730 $ 2,203 $ 2,421
Basic earnings per common share (in dollars per share) $ 0.06 $ 0.07 $ 0.08 $ 0.10
Diluted earnings per common share (in dollars per share) 0.06 0.07 0.08 0.10
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08 $ 0.15 $ 0.15
Weighted average number of common shares used in the determination of:        
Basic (in shares) 27,463,169 24,199,472 25,925,155 24,187,586
Diluted (in shares) 27,504,578 24,308,524 25,986,878 24,306,316
Water service        
Revenue        
Total revenue $ 7,368 $ 6,668 $ 13,348 $ 11,894
Wastewater and recycled water service        
Revenue        
Total revenue $ 6,873 $ 6,842 $ 13,350 $ 13,226