XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Operating revenue $ 198,255 $ 176,174 $ 365,854 $ 325,556
Production Expenses:        
Purchased water 37,421 38,129 63,374 64,321
Power 3,851 2,737 7,334 5,164
Groundwater extraction charges 26,354 17,552 44,645 29,678
Other production expenses 13,243 12,052 24,483 23,101
Total production expenses 80,869 70,470 139,836 122,264
Administrative and general 28,795 20,468 56,555 46,256
Maintenance 7,470 7,881 14,969 14,568
Property taxes and other non-income taxes 8,506 8,419 17,701 17,249
Depreciation and amortization 28,750 28,366 57,032 56,736
Total operating expense 154,390 135,604 286,093 257,073
Operating income 43,865 40,570 79,761 68,483
Other (expense) income:        
Interest on long-term debt and other interest expense (18,122) (18,294) (36,394) (35,878)
Pension non-service credit 1,620 939 3,223 1,889
Other, net 1,982 1,205 2,777 3,856
Income before income taxes 29,345 24,420 49,367 38,350
Provision for income taxes 4,670 3,724 8,141 5,955
Net income 24,675 20,696 41,226 32,395
Other comprehensive loss, net 0 0 0 (442)
Comprehensive income $ 24,675 $ 20,696 $ 41,226 $ 31,953
Earnings per share        
Basic (in usd per share) $ 0.71 $ 0.64 $ 1.20 $ 1.00
Diluted (in usd per share) 0.71 0.64 1.20 1.00
Dividends per share (in usd per share) $ 0.42 $ 0.40 $ 0.84 $ 0.80
Weighted average shares outstanding        
Basic (in shares) 34,777,152 32,397,501 34,280,727 32,237,115
Diluted (in shares) 34,860,349 32,460,894 34,367,212 32,302,741