v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Utility Plant $ 623,595 $ 610,766
Less: accumulated depreciation (177,826) (168,915)
Net utility plant 445,769 441,851
Current Assets    
Cash and cash equivalents 1,458 4,080
Accounts receivable, net of allowance for credit losses of $— and $244, respectively 3,746 3,746
Unbilled revenue 4,128 3,409
Prepaid expenses and other current assets 2,444 3,388
Total current assets 11,776 14,623
Other Assets    
Goodwill 6,512 6,512
Intangible assets, net 5,938 6,062
Regulatory assets 7,022 7,003
Restricted cash 3,419 2,755
Right-of-use assets, net 3,601 3,990
Other noncurrent assets 117 117
Total other assets 26,609 26,439
Total Assets 484,154 482,913
Capitalization    
Common stock, $0.01 par value, 60,000,000 shares authorized; #N/A and 29,116,183 shares issued, respectively 286 285
Treasury stock, #N/A and 359,329 shares, respectively (2) (2)
Additional paid-in capital 85,328 87,294
Retained deficit (768) (961)
Total shareholders’ equity 84,844 86,616
Long-term debt, net 127,828 129,756
Total Capitalization 212,672 216,372
Current Liabilities    
Accounts payable 1,042 2,251
Customer and meter deposits 1,707 1,725
Long-term debt, current portion 3,947 3,942
Leases, current portion 638 850
Accrued expenses and other current liabilities 9,892 10,457
Total current liabilities 17,226 19,225
Other Liabilities    
Revolver borrowings 5,800  
Long-term lease liabilities 3,528 3,741
Deferred revenue - ICFA 21,919 22,772
Regulatory liabilities 5,178 5,214
Advances in aid of construction 155,659 155,414
Contributions in aid of construction, net 39,931 37,857
Deferred income tax liabilities, net 9,768 9,699
Hook-up fee liabilities 8,218 8,410
Other noncurrent liabilities 4,255 4,209
Total other liabilities 254,256 247,316
Commitments and contingencies (Refer to Note 14)
Total Capitalization and Liabilities 484,154 482,913
Revolving Credit Facility    
Other Liabilities    
Revolver borrowings $ 5,800 $ 0