BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

BUSINESS SEGMENT INFORMATION [Abstract]

Segment Reporting Information, by Segment

The accounting policies of the operating segments are the same as those described in Note 2 – Basis of Presentation.  The measurement of depreciation, interest, and capital expenditures are predominately related to our Regulated Utility segment.  These amounts in our non-utility business are negligible and account for approximately less than 1% of condensed consolidated amounts as of June 30, 2025 and June 30, 2024.

	Three Months Ended June 30,
	2025						2024
		Regulated Utility		Total				Regulated Utility		Total
Regulated Utility Revenues	$	26,723	$	26,723			$	25,789	$	25,789
Reconciliation of revenue
Other revenues				1,891		(a)				1,685		(a)
Inter-segment elimination				(65	)					(58	)
Consolidated revenues			$	28,549					$	27,416
Less: (b)
Payroll and Benefits (c)		6,183						6,254
Supply and Delivery (d)		4,069						3,764
Administrative (e)		2,318						2,220
Depreciation and Amortization		3,401						3,412
Income Taxes		1,866						1,725
Property and other taxes		1,585						1,507
Regulated Utility Operating Income	$	7,301	$	7,301			$	6,907	$	6,907
Reconciliation of operating income
Other profit				554		(a)				291		(a)
Consolidated operating income			$	7,855					$	7,198

	Six Months Ended June 30,
	2025						2024
		Regulated Utility		Total				Regulated Utility		Total
Regulated Utility Revenues	$	50,768	$	50,768			$	48,630	$	48,630
Reconciliation of revenue
Other revenues				3,795		(a)				3,448		(a)
Inter-segment elimination				(128	)					(118	)
Consolidated revenues			$	54,435					$	51,960
Less: (b)
Payroll and Benefits (c)		12,394						12,612
Supply and Delivery (d)		7,521						7,127
Administrative (e)		5,043						4,515
Depreciation and Amortization		6,745						6,863
Income Taxes		3,450						3,151
Property and other taxes		3,253						3,097
Regulated Utility Operating Income	$	12,362	$	12,362			$	11,265	$	11,265
Reconciliation of operating income
Other profit				1,038		(a)				652		(a)
Consolidated operating income			$	13,400					$	11,917

		Regulated Utility		Total		Regulated Utility		Total
Assets
Regulated Utility Assets	$	815,090	$	815,090	$	793,118	$	793,118
Reconciliation of assets
Other assets				4,206				5,505
Consolidated assets			$	819,296			$	798,623

(a) Other revenues and other profit:

– Revenue and profit from segments below the quantitative thresholds are attributable to four non-utility businesses of the Company  

– These businesses are primarily comprised of: Service Line Protection Plan services for water, sewer and internal plumbing; design, construction and engineering services; contract services for the operation and maintenance of water and wastewater systems in Delaware and Maryland; and leased space to the Regulated Utility Segment  

– These non-utility businesses do not individually or in the aggregate meet the quantitative thresholds for determining reportable segments  

– Certain corporate costs have been allocated from the regulated utility segment to the non-utility businesses and are included in the other profit amounts shown

(b) Significant expense categories:

– The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM  

– Inter-segment expenses related to leased space provided by one non-utility business, calculated on the lower of cost or market method, are included in the amounts shown  

(c) Payroll and benefits:

– This category does not include amounts capitalized on the Condensed Consolidated Balance Sheet

(d) Supply and Delivery:

– This category includes purchased power, purchased water, chemicals, infrastructure maintenance and repair costs, and wastewater disposal fees   

(e) Administration expense:

– This category includes computer systems maintenance and subscription fees, audit and legal fees, insurance, customer billing, and other general and administrative expenses