Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that correspond to the same such amounts shown in the consolidated statements of cash flows (in thousands):
December 31,
2025		 December 31,
2024
Cash and cash equivalents $ 144,809  $ 369,835 
Tax like-kind exchange escrow 595  1,546 
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 145,404  $ 371,381 
Schedule of Property, Plant and Equipment Depreciable lives by category are as follows:
Range of Estimated Useful Lives (in years)
Water wells and other water-related assets 3 to 20
Furniture, fixtures and equipment 3 to 15
Property, plant and equipment, net consisted of the following as of December 31, 2025 and 2024 (in thousands):

  December 31,
2025		 December 31,
2024
Property, plant and equipment, at cost:    
Water service-related assets(1)
$ 218,657  $ 167,855 
Furniture, fixtures and equipment 12,087  9,932 
Other 598  598 
Total property, plant and equipment, at cost 231,342  178,385 
Less: accumulated depreciation (66,804) (55,807)
Property, plant and equipment, net $ 164,538  $ 122,578 
(1)Includes $17.2 million of assets acquired in a business combination during 2024. For further information, see Note 3, “Assets Acquired in a Business Combination.