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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 15,519 $ 14,321 $ 42,217 $ 39,441
Operating Expenses        
Operations and maintenance 4,123 3,444 11,727 10,213
General and administrative 4,919 3,960 13,493 12,317
Depreciation and amortization 3,555 2,933 10,200 8,863
Total operating expenses 12,597 10,337 35,420 31,393
Operating Income 2,922 3,984 6,797 8,048
Other Income (Expense)        
Interest income 45 240 360 744
Interest expense (1,490) (1,504) (4,464) (4,577)
Other, net 880 1,266 2,667 3,040
Total other income (expense) (565) 2 (1,437) (793)
Income Before Income Taxes 2,357 3,986 5,360 7,255
Income Tax Expense (640) (1,061) (1,440) (1,909)
Net Income $ 1,717 $ 2,925 $ 3,920 $ 5,346
Basic earnings per common share (in dollars per share) $ 0.06 $ 0.12 $ 0.15 $ 0.22
Diluted earnings per common share (in dollars per share) 0.06 0.12 0.15 0.22
Dividends declared per common share (in dollars per share) $ 0.08 $ 0.08 $ 0.23 $ 0.23
Weighted average number of common shares used in the determination of:        
Basic (in shares) 27,475,956 24,219,564 26,447,769 24,198,270
Diluted (in shares) 27,508,451 24,302,521 26,500,207 24,301,974
Water service        
Revenue        
Total revenue $ 8,481 $ 7,493 $ 21,829 $ 19,387
Wastewater and recycled water service        
Revenue        
Total revenue $ 7,038 $ 6,828 $ 20,388 $ 20,054