Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.26.3
Property, Plant and Equipment
 9 Months Ended
Sep. 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 September 30, 2026 and December 31, 2025 (in thousands):
September 30,
2026		 December 31,
2025
Property, plant and equipment, at cost:
Water service-related assets $ 259,030  $ 218,657 
Furniture, fixtures and equipment 13,529  12,087 
Other 598  598 
Total property, plant and equipment, at cost 273,157  231,342 
Less: accumulated depreciation (81,365) (66,804)
Property, plant and equipment, net $ 191,792  $ 164,538 
Depreciation expense was $5.1 million and $4.2 million for the three months ended September 30, 2026 and 2025, respectively. Depreciation expense was $14.6 million and $12.6 million for the nine months ended September 30, 2026 and 2025, respectively.