Quarterly ResultAug 12, 2026, 03:36 PM
Artesian Resources H1 Revenue $58.4M, Net Income $12.5M, EPS $1.21
AI Summary
Artesian Resources reported strong financial results for the second quarter and first half of 2026. For the six months ended June 30, 2026, total operating revenues increased to $58.437 million, with net income rising to $12.509 million and basic EPS reaching $1.21. The company also saw a significant increase in cash and cash equivalents, reaching $9.804 million by the end of the period, while long-term debt also increased.
Key Highlights
- Total Operating Revenues for H1 2026 reached $58.437 million, up from $54.435 million in H1 2025.
- Net income for H1 2026 was $12.509 million, an increase from $11.725 million in H1 2025.
- Basic EPS for H1 2026 stood at $1.21, compared to $1.14 in H1 2025.
- Total Operating Revenues for Q2 2026 were $30.664 million, up from $28.549 million in Q2 2025.
- Net income for Q2 2026 was $6.575 million, an increase from $6.290 million in Q2 2025.
- Cash and cash equivalents increased to $9.804 million as of June 30, 2026, from $52 thousand at December 31, 2025.
- Long-term debt (net of current portion) increased to $182.551 million as of June 30, 2026, from $174.276 million at December 31, 2025.
- Cash dividends per share of common stock were $0.6335 for H1 2026, up from $0.6088 for H1 2025.
Price Impact
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