Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.24.3
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
 
Property, plant and equipment, net consisted of the following as of September 30, 2024 and December 31, 2023 (in thousands):
  September 30,
2024		 December 31,
2023
Property, plant and equipment, at cost:    
Water service-related assets (1)
$ 175,269  $ 136,340 
Furniture, fixtures and equipment 10,018  9,801 
Other 598  598 
Total property, plant and equipment, at cost 185,885  146,739 
Less: accumulated depreciation (66,777) (57,152)
Property, plant and equipment, net $ 119,108  $ 89,587 
(1)Includes $17.2 million of assets acquired in a business combination. For further information, see Note 3, “Assets Acquired in a Business Combination.”
Depreciation expense was $3.4 million and $3.0 million for the three months ended September 30, 2024 and 2023, respectively. Depreciation expense was $9.7 million and $9.3 million for the nine months ended September 30, 2024 and 2023, respectively.