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Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract] 听
Property, Plant and Equipment Property, Plant and Equipment
听
Property, plant and equipment, net consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):
听 March 31,
2025		 December 31,
2024
Property, plant and equipment, at cost: 听 听
Water service-related assets $ 177,757听 $ 167,855听
Furniture, fixtures and equipment 9,938听 9,932听
Other 598听 598听
Total property, plant and equipment, at cost 188,293听 178,385听
Less: accumulated depreciation (59,825) (55,807)
Property, plant and equipment, net $ 128,468听 $ 122,578听
Depreciation expense was $4.0 million and $3.1 million for the three months ended March 31, 2025 and 2024, respectively.