Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 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 December 31, 2024 and 2023 (in thousands):
  December 31,
2024		 December 31,
2023
Property, plant and equipment, at cost:    
Water service-related assets (1)
$ 167,855  $ 136,340 
Furniture, fixtures and equipment 9,932  9,801 
Other 598  598 
Total property, plant and equipment, at cost 178,385  146,739 
Less: accumulated depreciation (55,807) (57,152)
Property, plant and equipment, net $ 122,578  $ 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 $13.6 million, $12.2 million and $14.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.