Artesian Resources (ARTNA) investor relations material

Executive summary

• Diluted net income per share rose 4.9% to $0.64 for Q2 2026 and 6.1% to $1.21 for the first half of 2026, compared to the same periods in 2025.

• Net income reached $6.6 million for Q2 2026 (up 4.5%) and $12.5 million for the first half (up 6.7%) year-over-year.

• Revenues increased 7.4% year-over-year for both Q2 ($30.7 million) and the first half ($58.4 million) of 2026.

Financial highlights

• Water sales revenue grew 5.8% in Q2 and 6.5% in the first half, driven by temporary rate increases and customer growth.

• Other utility operating revenue rose 16.0% in Q2 and 11.3% in the first half, mainly from industrial wastewater and new customers.

• Non-utility operating revenue increased 10.2% in Q2 and 9.9% in the first half, due to higher SLP Plan fees and participation.

• Operating expenses (excluding depreciation and taxes) rose 7.6% in Q2 and 6.6% in the first half, mainly from payroll, benefits, and supply costs.

• Depreciation and amortization expense increased 3.1% in Q2 and 3.0% in the first half, reflecting ongoing infrastructure investment.

Outlook and guidance

• Growth strategy focuses on infrastructure investment, customer expansion, and compliance with evolving regulations.

• Forward-looking statements highlight risks from regulatory approvals, weather, and economic conditions.