Artesian Resources (ARTNA) Q4 2025 earnings summary

Executive summary

• Diluted net income per share rose 11.6% to $2.21 for 2025, with net income up $2.4 million year-over-year.

• Revenues for 2025 reached $112.9 million, a 4.6% increase compared to 2024.

• Fourth quarter net income was $4.1 million, up 7.5% year-over-year, with diluted EPS up 8.1% to $0.40.

Financial highlights

• Water sales revenue increased $2.8 million (3.2%) in 2025, driven by temporary rate hikes and customer growth.

• Other utility operating revenue rose $1.5 million (11.2%) due to higher wastewater revenue from customer growth.

• Non-utility operating revenue grew $0.7 million (10.2%) from increased Service Line Protection Plan fees and participation.

• Operating expenses (excluding depreciation and taxes) increased $2.7 million (4.4%) in 2025.

• Depreciation and amortization expense rose $0.2 million (1.3%) due to continued infrastructure investment.

Outlook and guidance

• Ongoing infrastructure investments aim to support sustainable growth and reliable, environmentally responsible service.

• Expansion of wastewater treatment capacity in Sussex County and completion of a new facility in Milton, Delaware, position operations for future demand.