Artesian Resources Q1 revenue rises on rate hikes, customer growth

Artesian Resources

05/05/2026 22:27

Overview

US water utility's Q1 revenue rose 7.3% yr/yr, driven by rate hikes and customer growth

Diluted EPS for Q1 increased 7.5% to $0.57

Company invested $13.1 mln in water and wastewater infrastructure upgrades in Q1

Outlook

Artesian expects continued investment in water and wastewater infrastructure projects

Result Drivers

RATE INCREASES AND CUSTOMER GROWTH - Co said higher water sales revenue was mainly due to temporary rate increases and an increase in the number of customers served

INDUSTRIAL AND WASTEWATER SERVICES - Co said other utility operating revenue rose due to increased industrial wastewater services and more residential and commercial customers

SERVICE LINE PROTECTION PLANS - Co said non-utility revenue rose mainly from more customers participating in service line protection plans and higher fees

Company press release: ID:nGNX5rmt62

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Water Sales
$22.19 mln
Q1 EPS
$0.57
Q1 Net Income
$5.93 mln
Q1 Basic EPS
$0.58
Q1 Operating Income
$6.28 mln
Q1 Utility Operating Expenses
$13.15 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)