Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.2
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024 (in thousands):
  June 30,
2025		 December 31,
2024
Property, plant and equipment, at cost:    
Water service-related assets $ 181,379  $ 167,855 
Furniture, fixtures and equipment 10,123  9,932 
Other 598  598 
Total property, plant and equipment, at cost 192,100  178,385 
Less: accumulated depreciation (64,151) (55,807)
Property, plant and equipment, net $ 127,949  $ 122,578 
Depreciation expense was $4.3 million and $3.2 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense was $8.3 million and $6.2 million for the six months ended June 30, 2025 and 2024, respectively.