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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Net Income A reconciliation of net income to EBITDA and Adjusted EBITDA for the three and nine months ended September 30, 2025 and 2024 is as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Net Income$1,717 $2,925 $3,920 $5,346 
Income tax expense640 1,061 1,440 1,909 
Interest income(45)(240)(360)(744)
Interest expense1,490 1,504 4,464 4,577 
Depreciation and amortization3,555 2,933 10,200 8,863 
EBITDA7,357 8,183 19,664 19,951 
Gain on disposal of fixed assets— 12 — (5)
Restricted stock expense256 123 526 606 
Acquisition gain resulting from regulatory decision— — — (37)
Gain on adjustment of contingent consideration liability— (119)— (119)
Storm-related expenses
172 — 172 — 
EBITDA adjustments428 16 698 445 
Adjusted EBITDA$7,785 $8,199 $20,362 $20,396 
Schedule of Significant Expense
The CODM reviews the following significant expense categories:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Segment Revenue$15,519 $14,321 $42,217 $39,441 
Segment Expenses
Personnel costs - operations and maintenance1,436 1,099 4,132 3,576 
Utilities, chemicals and repairs1,229 1,153 3,444 3,028 
Other operations and maintenance expenses1,458 1,192 4,151 3,609 
Personnel costs - general and administrative2,470 2,100 6,901 6,486 
Professional fees525 381 1,433 1,314 
Other general and administrative expenses1,924 1,479 5,159 4,517 
Depreciation and amortization3,555 2,933 10,200 8,863 
Total operating expenses12,597 10,337 35,420 31,393 
Operating income2,922 3,984 6,797 8,048 
Other Income (Expense)
Buckeye growth premiums615 918 1,848 2,175 
Other segment income and expenses(1,180)(916)(3,285)(2,968)
Total other expense(565)(1,437)(793)
Income tax expense(640)(1,061)(1,440)(1,909)
Net Income$1,717 $2,925 $3,920 $5,346