Business Segment Data (Tables)

9 Months Ended

Sep. 30, 2022

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 and Delaware. 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 and Delaware 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

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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						Nine Months Ended
	September 30,						September 30,
Operations by Segments:	2022			2021			2022			2021
Revenues:
Regulated	$	44,861		$	37,396		$	115,222		$	100,426
Non – Regulated		3,431			2,995			9,316			9,657
Inter-segment Elimination		(560	)		(517	)		(927	)		(966	)
Consolidated Revenues	$	47,732		$	39,874		$	123,611		$	109,117
Operating Income:
Regulated	$	15,750		$	10,654		$	36,793		$	24,082
Non – Regulated		825			770			2,393			2,791
Consolidated Operating Income	$	16,575		$	11,424		$	39,186		$	26,873
Net Income:
Regulated	$	13,683		$	10,924		$	33,496		$	27,271
Non – Regulated		608			552			1,762			2,034
Consolidated Net Income	$	14,291		$	11,476		$	35,258		$	29,305
Capital Expenditures:
Regulated	$	26,588		$	14,743		$	65,722		$	61,097
Non – Regulated		8			2			217			148
Total Capital Expenditures	$	26,596		$	14,745		$	65,939		$	61,245

	As of			As of
	September 30, 2022			December 31, 2021
Assets:
Regulated	$	1,066,755		$	1,022,116
Non – Regulated		6,963			7,811
Inter-segment Elimination		(9,049	)		(9,912	)
Consolidated Assets	$	1,064,669		$	1,020,015