Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Assets
Utility Plant	$ 618,784	$ 610,766
Less: accumulated depreciation	(173,377)	(168,915)
Net utility plant	445,407	441,851
Current Assets
Cash and cash equivalents	1,800	4,080
Accounts receivable, net of allowance for credit losses of $225 and $244, respectively	3,418	3,746
Unbilled revenue	3,527	3,409
Prepaid expenses and other current assets	4,674	3,388
Total current assets	13,419	14,623
Other Assets
Goodwill	6,512	6,512
Intangible assets, net	5,938	6,062
Regulatory assets	6,832	7,003
Restricted cash	3,072	2,755
Right-of-use assets, net	3,796	3,990
Other noncurrent assets	117	117
Total other assets	26,267	26,439
Total Assets	485,093	482,913
Capitalization
Common stock, $0.01 par value, 60,000,000 shares authorized; 29,123,855 and 29,116,183 shares issued, respectively	286	285
Treasury stock, 360,221 and 359,329 shares, respectively	(2)	(2)
Additional paid-in capital	85,277	87,294
Retained deficit	(1,327)	(961)
Total shareholders’ equity	84,234	86,616
Long-term debt, net	129,749	129,756
Total Capitalization	213,983	216,372
Current Liabilities
Accounts payable	1,352	2,251
Customer and meter deposits	1,688	1,725
Long-term debt, current portion	3,945	3,942
Leases, current portion	843	850
Accrued expenses and other current liabilities	12,001	10,457
Total current liabilities	19,829	19,225
Other Liabilities
Revolver borrowings	1,000
Long-term lease liabilities	3,537	3,741
Deferred revenue - ICFA	23,044	22,772
Regulatory liabilities	5,189	5,214
Advances in aid of construction	157,212	155,414
Contributions in aid of construction, net	37,424	37,857
Deferred income tax liabilities, net	9,695	9,699
Hook-up fee liabilities	10,061	8,410
Other noncurrent liabilities	4,119	4,209
Total other liabilities	251,281	247,316
Commitments and contingencies (Refer to Note 14)
Total Capitalization and Liabilities	$ 485,093	$ 482,913