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Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.3
Property, Plant and Equipment
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract] Ìý
Property, Plant and Equipment Property, Plant and Equipment
Ìý
Property, plant and equipment, net consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):
Ìý September 30,
2025
December 31,
2024
Property, plant and equipment, at cost: Ìý Ìý
Water service-related assets $ 191,938Ìý $ 167,855Ìý
Furniture, fixtures and equipment 13,376Ìý 9,932Ìý
Other 598Ìý 598Ìý
Total property, plant and equipment, at cost 205,912Ìý 178,385Ìý
Less: accumulated depreciation (68,385) (55,807)
Property, plant and equipment, net $ 137,527Ìý $ 122,578Ìý
Depreciation expense was $4.2 million and $3.4 million for the three months ended SeptemberÌý30, 2025 and 2024, respectively. Depreciation expense was $12.6 million and $9.7 million for the nine months ended SeptemberÌý30, 2025 and 2024, respectively.