Artesian Resources Q1 net income rises 9.2% to $5.93 million; revenue climbs 7.3% to $27.77 million

Artesian Resources Corporation Class A

Artesian Resources Corporation Class A

ARTNA

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  • Artesian Resources posted net income applicable to common stock of USD 5.93 million, up 9.2%, with diluted EPS rising to USD 0.57 from USD 0.53.
  • Revenue climbed 7.3% to USD 27.77 million, driven by a 7.3% increase in water sales to USD 22.19 million.
  • Operating income increased to USD 6.28 million from USD 5.55 million, while interest charges edged up to USD 2.23 million from USD 2.17 million.
  • Capital expenditures rose to USD 13.14 million from USD 10.4 million, while cash and cash equivalents increased to USD 4.26 million from USD 3.71 million.
  • Artesian Water’s Delaware rate case remained pending, with about USD 1 million of revenue from the November 6, 2025 temporary rate step reserved for refund as of March 31, 2026.


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