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Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.26.1
Property, Plant and Equipment
3 Months Ended
Mar. 31, 2026
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 March 31, 2026 and December 31, 2025 (in thousands):

Ìý March 31,
2026
December 31,
2025
Property, plant and equipment, at cost: Ìý Ìý
Water service-related assets $ 225,341Ìý $ 218,657Ìý
Furniture, fixtures and equipment 12,321Ìý 12,087Ìý
Other 598Ìý 598Ìý
Total property, plant and equipment, at cost 238,260Ìý 231,342Ìý
Less: accumulated depreciation (71,509) (66,804)
Property, plant and equipment, net $ 166,751Ìý $ 164,538Ìý
Depreciation expense was $4.7 million and $4.0 million for the three months ended March 31, 2026 and 2025, respectively.