XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues        
Total Operating Revenues $ 25,011 $ 22,469 $ 47,198 $ 43,113
Operating expenses        
Utility operating expenses 10,070 9,661 20,566 19,166
Non-utility operating expenses 1,905 862 2,847 1,777
Depreciation and amortization 3,055 2,976 6,140 5,988
State and federal income taxes 1,725 1,542 3,144 2,893
Property and other taxes 1,413 1,341 2,914 2,761
Total Operating Expenses 18,168 16,382 35,611 32,585
Operating income 6,843 6,087 11,587 10,528
Other income, net        
Allowance for funds used during construction (AFUDC) 324 371 505 615
Miscellaneous (expense) income (33) (59) 1,412 1,343
Income before interest charges 7,134 6,399 13,504 12,486
Interest charges 2,088 1,894 3,975 3,775
Net income applicable to common stock $ 5,046 $ 4,505 $ 9,529 $ 8,711
Income per common share:        
Basic (in dollars per share) $ 0.53 $ 0.48 $ 1.01 $ 0.93
Diluted (in dollars per share) $ 0.53 $ 0.48 $ 1.01 $ 0.93
Weighted average common shares outstanding:        
Basic (in shares) 9,452 9,395 9,438 9,381
Diluted (in shares) 9,470 9,425 9,464 9,416
Cash dividends per share of common stock (in dollars per share) $ 0.2729 $ 0.2610 $ 0.5404 $ 0.5181
Water Sales [Member]        
Operating revenues        
Total Operating Revenues $ 19,722 $ 20,078 $ 37,865 $ 37,908
Other Utility Operating Revenue [Member]        
Operating revenues        
Total Operating Revenues 2,914 1,014 5,440 2,390
Non-Utility Operating Revenue [Member]        
Operating revenues        
Total Operating Revenues $ 2,375 $ 1,377 $ 3,893 $ 2,815