Business Segment Data

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Business Segment Data

Note 5 – Business Segment Data

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

	(In Thousands)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2019			2018			2019			2018
Revenues:
Regulated	$	30,444		$	31,168		$	58,342		$	58,374
Non – Regulated		3,087			3,882			6,012			7,982
Inter-segment Elimination		(138	)		(131	)		(264	)		(260	)
Consolidated Revenues	$	33,393		$	34,919		$	64,090		$	66,096
Operating Income:
Regulated	$	7,903		$	9,988		$	13,936		$	15,613
Non – Regulated		1,047			733			2,041			1,458
Consolidated Operating Income	$	8,950		$	10,721		$	15,977		$	17,071
Net Income:
Regulated	$	7,423		$	8,151		$	13,290		$	12,134
Non – Regulated		723			524			1,406			1,035
Consolidated Net Income	$	8,146		$	8,675		$	14,696		$	13,169
Capital Expenditures:
Regulated	$	23,268		$	18,350		$	35,561		$	28,328
Non – Regulated		106			16			137			49
Total Capital Expenditures	$	23,374		$	18,366		$	35,698		$	28,377

	As of			As of
	June 30,			December 31,
	2019			2018
Assets:
Regulated	$	807,021		$	764,749
Non – Regulated		9,093			8,994
Inter-segment Elimination		(8,543	)		(5,913	)
Consolidated Assets	$	807,571		$	767,830