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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income (loss) $ (366) $ 591
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 4,261 3,328
Share-based compensation 183 174
Deferred income tax expense 11 183
AFUDC-Equity (277) (279)
Operating lease expense 82 108
Other adjustments 55 55
Changes in assets and liabilities    
Accounts receivable and other current assets (28) 1,967
Accounts payable and other current liabilities 266 1,405
Other noncurrent assets 123 (67)
Other noncurrent liabilities 165 12
Net cash provided by operating activities 4,475 7,477
Cash Flows from Investing Activities:    
Capital expenditures (6,277) (15,216)
Net cash used in investing activities (6,277) (15,216)
Cash Flows from Financing Activities:    
Dividends paid (2,186) (1,841)
Advances and contributions in aid of construction 1,389 725
Refunds of advances for construction (213) 0
Principal payments under finance lease (114) (99)
Revolver borrowings 2,250 0
Revolver repayments (1,250) 0
Issuance of common stock, net of issuance costs 0 31,041
Financing costs of debt and equity transactions 0 (34)
Other financing activities (37) (34)
Net cash provided by (used in) financing activities (161) 29,758
Increase (Decrease) in cash, cash equivalents, and restricted cash (1,963) 22,019
Cash, cash equivalents, and restricted cash — Beginning of period 4,872 33,175
Cash, cash equivalents, and restricted cash — End of period 4,872 33,175
Supplemental disclosure of cash flow information:    
Cash and cash equivalents 1,800 31,467
Restricted cash 3,072 1,708
Total cash, cash equivalents, and restricted cash $ 4,872 $ 33,175