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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,725 $ 9,736
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,771 6,889
Amortization of debt expense 176 177
Amortization of deferred income tax regulatory liability (649) (267)
Provision for expected credit loss 103 97
Deferred income taxes, net 458 264
Stock compensation 92 125
AFUDC, equity portion (807) (443)
Changes in assets and liabilities, net of acquisitions:    
Accounts and other receivables 234 690
Income tax receivable 512 1,636
Unbilled operating revenues (809) (879)
Materials and supplies (265) 1,220
Income tax payable 805 643
Prepaid property taxes 2,187 2,266
Prepaid expenses and other (531) (174)
Other deferred assets (478) (475)
Regulatory assets 30 (187)
Regulatory liabilities (103) (177)
Accounts payable 614 (1,752)
Accrued expenses (1,272) 34
Accrued interest (37) (29)
Customer deposits and other, net 139 65
NET CASH PROVIDED BY OPERATING ACTIVITIES 18,895 19,459
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (net of AFUDC, equity portion) (26,259) (18,372)
Proceeds from sale of assets 88 612
NET CASH USED IN INVESTING ACTIVITIES (26,171) (17,760)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments under lines of credit agreements (357)  
Borrowings under lines of credit agreements 2,343  
Increase in overdraft payable 31 65
Proceeds from contributions in aid of construction and advances 13,223 8,965
Payouts for contributions in aid of construction and advances (1,336) (687)
Net proceeds from issuance of common stock 172 180
Issuance of long–term debt 0 758
Dividends paid (6,273) (6,022)
Principal repayments of long-term debt (1,325) (1,212)
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,478 2,047
NET (DECREASE)INCREASE IN CASH AND CASH EQUIVALENTS (798) 3,746
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,147 2,505
CASH AND CASH EQUIVALENTS AT END OF PERIOD 349 6,251
Non-cash Investing and Financing Activity:    
Utility plant received as construction advances and contributions 7,111 6,696
Change in amounts included in accounts payable, accrued payables and other related to capital expenditures (2,335) 1,008
Supplemental Disclosures of Cash Flow Information:    
Interest paid 4,181 4,193
Income taxes paid 2,937 1,984
Income taxes refunded $ 50 $ 701