Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
 
Property, plant and equipment, net consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):
  March 31,
2025		 December 31,
2024
Property, plant and equipment, at cost:    
Water service-related assets $ 177,757  $ 167,855 
Furniture, fixtures and equipment 9,938  9,932 
Other 598  598 
Total property, plant and equipment, at cost 188,293  178,385 
Less: accumulated depreciation (59,825) (55,807)
Property, plant and equipment, net $ 128,468  $ 122,578 
Depreciation expense was $4.0 million and $3.1 million for the three months ended March 31, 2025 and 2024, respectively.