ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of business combination and asset acquisition

The following table presents key information connected with our 2026 and 2025 acquisitions (in thousands, except share amounts):


Assets and Operations Acquired			Acquisition Date		Shares Issued		Cash Consideration		Other Consideration		Value of Shares Issued		Total Consideration		Segments
Lease buyouts			June 30, 2026		—	$	10,200	$	—	$	—	$	10,200		Water Services
Smaller Asset Acquisitions			Multiple 2026 Dates		—		4,035		—		—		4,035		Water Infrastructure
Black River Ranch			May 1, 2026		—		18,579		—		—		18,579		Water Infrastructure
Reeves County Acquisition			May 1, 2026		—		9,464				—		9,464		Water Infrastructure
Smaller Asset Acquisition			January 8, 2026		—		175		—		—		175		Water Services
Eight Smaller Asset Acquisitions			Multiple 2025 Dates		—		25,432		—		—		25,432		Water Infrastructure
Lease buyout			August 29, 2025		—		7,537		—		—		7,537		Corporate-Other
Omni			July 1, 2025		862,069		17,747		20,757		7,664		46,168		Water Infrastructure
One Smaller Asset Acquisition			April 1, 2025		—		1,725		—		—		1,725		Water Services
Total					862,069	$	94,894	$	20,757	$	7,664	$	123,315

Omni

Schedule of consideration transferred and the estimated fair value of identified assets acquired and liabilities assumed


Final purchase price allocation		Amount
Consideration transferred		(in thousands)
Cash paid		$	17,747
Class A common stock (862,069 shares)			7,664
Property and equipment ($5,686 carrying value with $14,924 step-up)			20,610
Other assets and liabilities transferred/assumed			147
Total consideration transferred			46,168
Less: identifiable assets acquired and liabilities assumed
Working capital			(7,020)
Property and equipment			26,466
Long-term ARO			(3,548)
Total identifiable net assets acquired			15,898
Goodwill			30,270
Fair value allocated to net assets acquired		$	46,168