Brief: Artesian Resources Q2 EPS USD 0.61

Artesian Resources

04/08/2025 21:36

Overview

Artesian Q2 net income rises 18.1% to $6.3 mln, driven by higher water sales

Q2 revenue increases 4.1% to $28.5 mln, supported by Distribution System Improvement Charges and SLPP revenue growth

Co enters new 4-year electric supply deal, at an electric supply rate approximately 25% over the prior rate

Outlook

Company focuses on infrastructure investments for long-term sustainability

Artesian Resources emphasizes addressing emerging contaminants for future compliance

Result Drivers

WATER SALES - Increase in water sales revenue driven by Distribution System Improvement Charges and a temporary rate increase

WASTEWATER GROWTH - Growth in wastewater customer base contributed to higher utility operating revenue

SLPP REVENUE - Increase in Service Line Protection Plan rates led to higher non-utility operating revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Water Sales
$23.08 mln
Q2 EPS
$0.61
Q2 Net Income
$6.29 mln
Q2 Basic EPS
$0.61
Q2 Operating Income
$7.86 mln
Q2 Utility Operating Expenses
$12.50 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the water & related utilities peer group is "buy."

Wall Street's median 12-month price target for Artesian Resources Corp is $46.00, about 28.7% above its August 1 closing price of $32.82

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX5RXh4L

(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.)