Quarterly ResultMay 8, 2026, 12:36 PM
Artesian Resources Q1 Net Income +9.2% to $5.93M; EPS $0.58
AI Summary
Artesian Resources reported a strong first quarter for 2026, with total operating revenues increasing by 7.3% to $27.77 million and net income rising by 9.2% to $5.93 million. Basic earnings per share also saw a significant increase of 9.4% to $0.58. The company's cash and cash equivalents grew substantially, reaching $4.26 million by the end of the quarter, while total assets expanded to $866.94 million.
Key Highlights
- Q1 2026 Total Operating Revenues rose 7.3% to $27.77 million from $25.89 million in Q1 2025.
- Q1 2026 Net Income increased 9.2% to $5.93 million from $5.44 million in Q1 2025.
- Basic EPS for Q1 2026 grew 9.4% to $0.58 from $0.53 in Q1 2025.
- Cash and cash equivalents surged to $4.26 million as of March 31, 2026, from $0.05 million at December 31, 2025.
- Total Assets increased to $866.94 million as of March 31, 2026, from $851.23 million at December 31, 2025.
- Long-term debt, net of current portion, increased to $183.45 million from $174.28 million.
- Net cash provided by operating activities was $8.64 million in Q1 2026, down from $10.96 million in Q1 2025.
- Cash dividends per share increased to $0.3136 in Q1 2026 from $0.3014 in Q1 2025.
Price Impact
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