Business Segment Data

3 Months Ended

Mar. 31, 2021

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 and Delaware. 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 and Delaware 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
	March 31,
Operations by Segments:	2021			2020
Revenues:
Regulated	$	29,421		$	28,937
Non – Regulated		3,257			2,961
Inter-segment Elimination		(137	)		(129	)
Consolidated Revenues	$	32,541		$	31,769
Operating Income:
Regulated	$	4,716		$	5,843
Non – Regulated		918			684
Consolidated Operating Income	$	5,634		$	6,527
Net Income:
Regulated	$	6,240		$	7,181
Non – Regulated		667			487
Consolidated Net Income	$	6,907		$	7,668
Capital Expenditures:
Regulated	$	21,963		$	24,968
Non – Regulated		70			179
Total Capital Expenditures	$	22,033		$	25,147

	As of			As of
	March 31,			December 31,
	2021			2020
Assets:
Regulated	$	1,004,405		$	998,932
Non – Regulated		7,918			8,289
Inter-segment Elimination		(26,113	)		(30,751	)
Consolidated Assets	$	986,210		$	976,470