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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Operating revenue $ 225,063 $ 204,843 $ 550,619 $ 499,025
Production Expenses:        
Purchased water 54,310 46,044 118,631 101,054
Power 3,396 2,785 8,560 7,363
Groundwater extraction charges 25,081 21,398 54,759 46,751
Other production expenses 12,919 12,415 36,020 36,379
Total production expenses 95,706 82,642 217,970 191,547
Administrative and general 25,708 23,888 71,964 71,759
Maintenance 8,512 6,457 23,080 18,813
Property taxes and other non-income taxes 9,361 8,795 26,610 25,092
Depreciation and amortization 27,423 26,455 84,159 78,872
Total operating expense 166,710 148,237 423,783 386,083
Operating income 58,353 56,606 126,836 112,942
Other (expense) income:        
Interest on long-term debt and other interest expense (17,516) (16,744) (53,394) (48,913)
Pension non-service credit (cost) 940 (740) 2,829 (906)
Other, net (1,197) 1,661 2,659 7,042
Income before income taxes 40,580 40,783 78,930 70,165
Provision for income taxes 1,928 4,561 7,883 4,127
Net income 38,652 36,222 71,047 66,038
Other comprehensive income (loss), net 0 318 (442) 420
Comprehensive income $ 38,652 $ 36,540 $ 70,605 $ 66,458
Earnings per share        
Basic (in usd per share) $ 1.17 $ 1.14 $ 2.19 $ 2.10
Diluted (in usd per share) 1.17 1.13 2.18 2.09
Dividends per share (in usd per share) $ 0.40 $ 0.38 $ 1.20 $ 1.14
Weighted average shares outstanding        
Basic (in shares) 32,896,967 31,862,518 32,458,666 31,436,077
Diluted (in shares) 32,982,580 31,934,636 32,530,954 31,526,732