Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.26.1
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 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 June 30, 2026 and December 31, 2025 (in thousands):
June 30,
2026		 December 31,
2025
Property, plant and equipment, at cost:
Water service-related assets $ 246,177  $ 218,657 
Furniture, fixtures and equipment 12,408  12,087 
Other 598  598 
Total property, plant and equipment, at cost 259,183  231,342 
Less: accumulated depreciation (76,306) (66,804)
Property, plant and equipment, net $ 182,877  $ 164,538 
Depreciation expense was $4.8 million and $4.3 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense was $9.5 million and $8.3 million for the six months ended June 30, 2026 and 2025, respectively.