Business Segment Data (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

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.

10

	(In Thousands)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2021			2020			2021			2020
Revenues:
Regulated	$	33,609		$	32,289		$	63,030		$	61,226
Non – Regulated		3,405			3,180			6,662			6,141
Inter-segment Elimination		(313	)		(192	)		(450	)		(321	)
Consolidated Revenues	$	36,701		$	35,277		$	69,242		$	67,046
Operating Income:
Regulated	$	8,711		$	8,639		$	13,427		$	14,480
Non – Regulated		1,103			746			2,021			1,432
Consolidated Operating Income	$	9,814		$	9,385		$	15,448		$	15,912
Net Income:
Regulated	$	10,108		$	9,192		$	16,347		$	16,371
Non – Regulated		815			521			1,481			1,010
Consolidated Net Income	$	10,923		$	9,713		$	17,828		$	17,381
Capital Expenditures:
Regulated	$	24,391		$	19,913		$	46,354		$	44,882
Non – Regulated		76			357			146			535
Total Capital Expenditures	$	24,467		$	20,270		$	46,500		$	45,417

	As of			As of
	June 30,			December 31,
	2021			2020
Assets:
Regulated	$	1,022,776		$	998,932
Non – Regulated		8,459			8,289
Inter-segment Elimination		(16,260	)		(30,751	)
Consolidated Assets	$	1,014,975		$	976,470