Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.3
Property, Plant and Equipment
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024 (in thousands):
  September 30,
2025		 December 31,
2024
Property, plant and equipment, at cost:    
Water service-related assets $ 191,938  $ 167,855 
Furniture, fixtures and equipment 13,376  9,932 
Other 598  598 
Total property, plant and equipment, at cost 205,912  178,385 
Less: accumulated depreciation (68,385) (55,807)
Property, plant and equipment, net $ 137,527  $ 122,578 
Depreciation expense was $4.2 million and $3.4 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $12.6 million and $9.7 million for the nine months ended September 30, 2025 and 2024, respectively.