Earnings Releases·Nov 12, 2026, 2:21 PM ET

Artesian Resources Corporation — Third Quarter and Year-To-Date 2026 Earnings Summary

Q3 2026 diluted EPS declined 4.4% to $0.65 and net income fell 3.0% to $6.8 million, while YTD diluted EPS rose 3.3% to $1.87 and net income increased 3.1% to $19.3 million.
Total revenues grew 4.8% to $31.9 million in Q3 and 6.4% to $90.4 million YTD, driven by higher water consumption, DSIC revenue, and increased wastewater and service line protection fees.
Operating expenses rose 8.7% in Q3 and 7.4% YTD, primarily due to increases in payroll, supply and treatment costs, and purchased power.
The company invested $40.8 million in water and wastewater infrastructure during the first nine months of 2026, focusing on PFAS treatment upgrades, new mains, and aging infrastructure rehabilitation.
Management characterized infrastructure spending as "thoughtful" and "prudent" to ensure service reliability, while noting ongoing regulatory filings with the Delaware Public Service Commission for rate recovery.