Quarterly ResultAug 7, 2026, 10:48 AM
Artesian Resources Q2 Diluted EPS $0.64, Revenue $30.7M
AI Summary
Artesian Resources Corporation reported strong second quarter and year-to-date 2026 financial results. For Q2 2026, diluted net income per share increased 4.9% to $0.64, with total revenues rising 7.4% to $30.7 million. Year-to-date, diluted net income per share grew 6.1% to $1.21, and revenues increased 7.4% to $58.4 million, driven by temporary rate increases, customer growth, and increased service line protection plan revenue. The company also invested $25.9 million in infrastructure projects during the first six months of 2026.
Key Highlights
- Q2 2026 diluted net income per share increased 4.9% to $0.64.
- Q2 2026 net income rose 4.5% to $6.6 million.
- Q2 2026 revenues totaled $30.7 million, up 7.4% year-over-year.
- Year-to-date diluted net income per share increased 6.1% to $1.21.
- Year-to-date revenues reached $58.4 million, a 7.4% increase.
- Wastewater customers grew 6.6% over the past 12 months.
- $25.9 million invested in water and wastewater infrastructure year-to-date.
Price Impact
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