Business Segment Data

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Business Segment Data

Note 5 – Business Segment Data

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

	(In Thousands)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2018			2017			2018			2017
Revenues:
Regulated	$	31,168		$	29,278		$	58,374		$	55,771
Non – Regulated		3,882			3,863			7,982			7,613
Inter-segment Elimination		(131	)		(127	)		(260	)		(239	)
Consolidated Revenues	$	34,919		$	33,014		$	66,096		$	63,145
Operating Income:
Regulated	$	9,988		$	8,672		$	15,613		$	15,687
Non – Regulated		733			686			1,458			1,246
Consolidated Operating Income	$	10,721		$	9,358		$	17,071		$	16,933
Net Income:
Regulated	$	8,151		$	4,972		$	12,134		$	9,111
Non – Regulated		524			409			1,035			711
Consolidated Net Income	$	8,675		$	5,381		$	13,169		$	9,822
Capital Expenditures:
Regulated	$	18,350		$	11,588		$	28,328		$	21,160
Non – Regulated		16			—			49			5
Total Capital Expenditures	$	18,366		$	11,588		$	28,377		$	21,165
	As of			As of
	June 30,			December 31,
	2018			2017
Assets:
Regulated	$	732,592		$	661,816
Non – Regulated		6,819			7,093
Inter-segment Elimination		(9,667	)		(7,769	)
Consolidated Assets	$	729,744		$	661,140