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Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.26.3
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 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 September 30, 2026 and December 31, 2025 (in thousands):
September 30,
2026		 December 31,
2025
Property, plant and equipment, at cost:
Water service-related assets $ 259,030Ìý $ 218,657Ìý
Furniture, fixtures and equipment 13,529Ìý 12,087Ìý
Other 598Ìý 598Ìý
Total property, plant and equipment, at cost 273,157Ìý 231,342Ìý
Less: accumulated depreciation (81,365) (66,804)
Property, plant and equipment, net $ 191,792Ìý $ 164,538Ìý
Depreciation expense was $5.1 million and $4.2 million for the three months ended SeptemberÌý30, 2026 and 2025, respectively. Depreciation expense was $14.6 million and $12.6 million for the nine months ended SeptemberÌý30, 2026 and 2025, respectively.