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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Total Operating Revenues $ 29,142 $ 26,570 $ 81,102 $ 74,317
Operating expenses        
Utility operating expenses 12,125 11,590 36,261 34,488
Non-utility operating expenses 1,213 1,122 3,474 3,328
Depreciation and amortization 3,287 3,444 10,177 9,882
State and federal income taxes 2,355 2,249 5,982 5,156
Property and other taxes 1,572 1,504 4,700 4,531
Total Operating Expenses 20,552 19,909 60,594 57,385
Operating income 8,590 6,661 20,508 16,932
Other income        
Allowance for funds used during construction (AFUDC) 474 647 1,126 1,693
Miscellaneous (expense) income (58) (35) 1,450 1,554
Income before interest charges 9,006 7,273 23,084 20,179
Interest charges 2,193 2,202 6,535 6,960
Net income applicable to common stock $ 6,813 $ 5,071 $ 16,549 $ 13,219
Income per common share:        
Basic (in dollars per share) $ 0.66 $ 0.49 $ 1.61 $ 1.33
Diluted (in dollars per share) $ 0.66 $ 0.49 $ 1.61 $ 1.33
Weighted average common shares outstanding:        
Basic (in shares) 10,297 10,276 10,293 9,929
Diluted (in shares) 10,298 10,279 10,294 9,933
Cash dividends per share of common stock (in dollars per share) $ 0.2955 $ 0.284 $ 0.8807 $ 0.8464
Water Sales [Member]        
Operating revenues        
Total Operating Revenues $ 24,092 $ 21,642 $ 66,419 $ 60,294
Other Utility Operating Revenue [Member]        
Operating revenues        
Total Operating Revenues 3,358 3,235 9,661 9,083
Non-Utility Operating Revenue [Member]        
Operating revenues        
Total Operating Revenues $ 1,692 $ 1,693 $ 5,022 $ 4,940