Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.26.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2026
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, 2026 and December 31, 2025 (in thousands):

  March 31,
2026		 December 31,
2025
Property, plant and equipment, at cost:    
Water service-related assets $ 225,341  $ 218,657 
Furniture, fixtures and equipment 12,321  12,087 
Other 598  598 
Total property, plant and equipment, at cost 238,260  231,342 
Less: accumulated depreciation (71,509) (66,804)
Property, plant and equipment, net $ 166,751  $ 164,538 
Depreciation expense was $4.7 million and $4.0 million for the three months ended March 31, 2026 and 2025, respectively.