Acquisitions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Acquisitions [Abstract] | |
| Acquisitions | 2. Acquisitions On January 28, 2026, the Company completed the acquisition of the wastewater collection and treatment assets of CMV Sewage Co., Inc. in Chanceford Township, York County, Pennsylvania. The Company began operating the existing wastewater collection and treatment assets on February 2, 2026. The acquisition resulted in the addition of approximately 280 wastewater customers with purchase price and acquisition costs of approximately $417, which is less than the depreciated original cost of the assets. The Company recorded a negative acquisition adjustment of $46 and will seek approval from the Pennsylvania Public Utility Commission, or PPUC, to amortize the acquisition adjustment over the remaining life of the acquired assets. This acquisition is immaterial to Company results.
On March 30, 2026, the Company completed the acquisition of the wastewater collection and treatment assets of Pine Run Retirement Community in Hamilton Township, Adams County, Pennsylvania. The Company began operating the existing wastewater collection and treatment assets on April 1, 2026. The acquisition resulted in the addition of approximately 100 wastewater customers with purchase price and acquisition costs of approximately $53, which is less than the depreciated original cost of the assets. The Company recorded a negative acquisition adjustment of $237 and will seek approval from the PPUC to amortize the acquisition adjustment over the remaining life of the acquired assets. This acquisition is immaterial to Company results.
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