v3.26.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 2,381 $ 2,203
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 8,662 6,645
Share-based compensation 412 280
Deferred income tax expense 99 53
AFUDC-Equity (518) (556)
Unregulated revenue (2,111) 0
Operating lease expense 165 207
Other adjustments 247 103
Changes in assets and liabilities    
Accounts receivable and other current assets 173 (1,238)
Accounts payable and other current liabilities (704) (261)
Other noncurrent assets 128 (77)
Other noncurrent liabilities 221 1,468
Net cash provided by operating activities 9,155 8,827
Cash Flows from Investing Activities:    
Capital expenditures (12,915) (35,395)
Net cash used in investing activities (12,915) (35,395)
Cash Flows from Financing Activities:    
Dividends paid (4,374) (3,928)
Advances and contributions in aid of construction 2,909 3,007
Refunds of advances for construction (213) 0
Principal payments under finance lease (230) 0
Repayments of long-term debt (1,971) (1,965)
Revolver borrowings 10,050 0
Revolver repayments (4,250) 0
Issuance of common stock, net of issuance costs 0 31,042
Financing costs of debt and equity transactions 0 (259)
Other financing activities (119) (109)
Net cash provided by financing activities 1,802 27,788
Increase (Decrease) in cash, cash equivalents, and restricted cash (1,958) 1,220
Cash, cash equivalents, and restricted cash — Beginning of period 4,877 12,376
Cash, cash equivalents, and restricted cash — End of period 4,877 12,376
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,458 10,220
Restricted cash 3,419 2,156
Total cash, cash equivalents, and restricted cash $ 4,877 $ 12,376