Operating revenues for 2025 increased by $2,529,000 to $77,488,000 compared to 2024. Net income for 2025 decreased by $267,000 to $20,058,000 compared to 2024. Basic and diluted earnings per share (EPS) for 2025 decreased by $0.03 to $1.39 compared to 2024. Fourth quarter 2025 operating revenues increased by $606,000 to $19,472,000 compared to the fourth quarter of 2024. Fourth quarter 2025 net income increased by $25,000 to $5,167,000 compared to the fourth quarter of 2024. Basic and diluted EPS for the fourth quarter of 2025 remained flat at $0.36 compared to the fourth quarter of 2024. The company invested $48.7 million in capital projects during 2025, including main extensions, an enterprise software system upgrade, and various infrastructure improvements. Approximately 54,100 feet of water main and 1,800 feet of wastewater main were replaced in 2025 to improve systems and customer service.