Business Segment Data (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

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.

10

	(In Thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Operations by Segments:	2020			2019			2020			2019
Revenues:
Regulated	$	37,040		$	35,000		$	98,266		$	93,342
Non – Regulated		3,204			3,020			9,345			9,032
Inter-segment Elimination		(324	)		(251	)		(646	)		(515	)
Consolidated Revenues	$	39,920		$	37,769		$	106,965		$	101,859
Operating Income:
Regulated	$	12,119		$	11,001		$	26,598		$	24,937
Non – Regulated		1,058			982			2,490			3,025
Consolidated Operating Income	$	13,177		$	11,983		$	29,088		$	27,962
Net Income:
Regulated	$	11,993		$	10,409		$	28,364		$	23,700
Non – Regulated		744			710			1,754			2,118
Consolidated Net Income	$	12,737		$	11,119		$	30,118		$	25,818
Capital Expenditures:
Regulated	$	25,266		$	25,437		$	70,398		$	60,998
Non – Regulated		101			85			387			222
Total Capital Expenditures	$	25,367		$	25,522		$	70,785		$	61,220

	As of			As of
	September 30,			December 31,
	2020			2019
Assets:
Regulated	$	959,494		$	910,081
Non – Regulated		10,104			9,686
Inter-segment Elimination		(9,764	)		(9,889	)
Consolidated Assets	$	959,834		$	909,878