v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates the Company’s operating revenue by source for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, Six Months Ended June 30,
2026202520262025
Revenue from contracts with customers$278,035 $256,216 $475,369 $438,917 
Regulatory balancing account revenue30,561 8,738 47,800 30,010 
Total operating revenue$308,596 $264,954 $523,169 $468,927 
In the following table, revenue from contracts with customers is disaggregated by class of customers for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, Six Months Ended June 30,
2026202520262025
Residential$153,374 $141,929 $262,265 $247,362 
Business51,747 48,094 93,667 88,642 
Multiple residential22,554 20,723 43,154 39,926 
Industrial6,489 6,529 12,440 12,934 
Public authorities15,229 13,011 24,658 22,256 
Other (a)28,642 25,930 39,185 27,797 
Total revenue from contracts with customers$278,035 $256,216 $475,369 $438,917 
(a) Other includes changes to accrued and unbilled revenue.
The following table disaggregates the Company’s non-regulated revenue by source for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, Six Months Ended June 30,
2026202520262025
Contract operating and maintenance revenue
$3,458 $3,239 $6,843 $6,506 
Other non-regulated revenue2,179 1,091 3,429 2,339 
Non-regulated revenue from contracts with customers5,637 4,330 10,272 8,845 
Lease revenue604 581 1,190 1,147 
Total non-regulated revenue$6,241 $4,911 $11,462 $9,992 
Schedule of Allowance for Credit Losses
The following table presents the activity in the allowance for credit losses for the six months ended June 30, 2026 and twelve months ended December 31, 2025:
June 30, 2026December 31, 2025
Beginning balance$3,322 $4,128 
Provision for credit loss expense1,793 3,910 
Write-offs(2,461)(5,281)
Recoveries237 565 
Total ending allowance balance$2,891 $3,322 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the unaudited Condensed Consolidated Balance Sheets that total to the amounts shown on the unaudited Condensed Consolidated Statements of Cash Flows (see Note 9 of the Notes to Unaudited Condensed Consolidated Financial Statements on restricted cash):
 June 30, 2026December 31, 2025
Cash and cash equivalents$43,445 $51,820 
Restricted cash45,697 45,553 
Total cash, cash equivalents, and restricted cash
$89,142 $97,373