v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
UTILITY PLANT:    
Water Production $ 336,222 $ 328,496
Transmission and Distribution 973,482 938,118
General 107,645 111,325
Construction Work in Progress 60,369 44,400
TOTAL 1,477,718 1,422,339
Less Accumulated Depreciation 280,774 275,132
UTILITY PLANT - NET 1,196,944 1,147,207
CURRENT ASSETS:    
Cash and Cash Equivalents 1,801 2,800
Accounts Receivable, net of allowance for uncollectible accounts of $3,074 and $1,625, respectively 20,957 19,213
Unbilled Revenues 12,332 9,361
Materials and Supplies (at average cost) 8,979 7,549
Prepayments 5,812 2,843
Regulatory Assets 2,142 0
TOTAL CURRENT ASSETS 52,023 41,766
OTHER ASSETS:    
Operating Lease Right of Use Asset 1,689 1,972
Restricted Cash 1,675 1,675
Regulatory Assets 106,119 110,284
Non-utility Assets - Net 12,353 12,354
Employee Benefit Plans 46,230 44,328
Other 6,449 6,151
TOTAL OTHER ASSETS 174,515 176,764
TOTAL ASSETS 1,423,482 1,365,737
CAPITALIZATION:    
Common Stock, No Par Value, authorized 40,000, issued 18,577 and 18,521 in 2026 and 2025, respectively 294,243 279,148
Retained Earnings 226,849 214,883
TOTAL COMMON EQUITY 521,092 494,031
Preferred Stock, No Par Value; authorized 120; issued 13 1,343 1,343
Long-term Debt 395,598 378,874
TOTAL CAPITALIZATION 918,033 874,248
CURRENT LIABILITIES:    
Current Portion of Long-term Debt 7,651 7,850
Notes Payable 34,000 28,250
Accounts Payable 31,024 31,326
Accrued Taxes 18,972 15,992
Accrued Interest 3,390 3,311
Regulatory Liabilities 2,318 0
Unearned Revenues and Advanced Service Fees 450 497
Other 6,891 6,569
TOTAL CURRENT LIABILITIES 104,696 93,795
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
OTHER LIABILITIES:    
Advances for Construction 26,870 25,519
Lease Obligations 1,496 1,838
Accumulated Deferred Income Taxes 113,837 110,475
Regulatory Liabilities 63,718 68,437
Other 172 229
TOTAL OTHER LIABILITIES 206,093 206,498
CONTRIBUTIONS IN AID OF CONSTRUCTION 194,660 191,196
TOTAL CAPITALIZATION AND LIABILITIES $ 1,423,482 $ 1,365,737