Quarterly ResultMay 6, 2026, 12:06 PM
Artesian Resources Q1 Diluted EPS $0.57, up 7.5%; Revenue $27.8M
AI Summary
Artesian Resources Corporation announced its first quarter 2026 earnings, reporting a 7.5% increase in diluted net income per share to $0.57. Net income for the quarter rose 9.2% to $5.9 million, while total revenues increased 7.3% to $27.8 million. The company also invested $13.1 million in water and wastewater infrastructure projects during the quarter to ensure service quality and meet regulatory standards.
Key Highlights
- Diluted net income per share increased 7.5% to $0.57.
- Net income rose 9.2% to $5.9 million.
- Total revenues increased 7.3% to $27.8 million.
- Water sales revenue increased $1.5 million, or 7.3%.
- Other utility operating revenue increased $0.2 million, or 6.2%.
- Non-utility operating revenue increased $0.2 million, or 9.5%.
- Operating expenses increased $0.9 million, or 5.7%.
- Invested $13.1 million in water and wastewater infrastructure projects.
Price Impact
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