Monitor the company's pending rate case with the Delaware Public Service Commission and next quarter's results for sustained growth trajectory. Steady utility performance with no major catalysts or guidance changes.
Price Chart
Executive Summary
Artesian Resources reported Q1 2026 results with diluted EPS of $0.57 (up 7.5% YoY) and revenue of $27.8 million (up 7.3% YoY), driven by temporary rate increases and customer growth. No forward guidance was provided, making this a steady-state earnings release for the regulated water utility.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS $0.57 vs $0.53 in Q1 2025 (up 7.5%)
- Revenue $27.8M vs $25.9M (up 7.3%)
- Net income $5.9M vs $5.4M (up 9.2%)
- Capital expenditures $13.1M for infrastructure projects
- Operating expenses rose 5.7% on higher payroll, supply, and treatment costs
Financial Impact
Revenue up 7.3% YoY and EPS up 7.5% YoY; no material surprises vs consensus (consensus not provided)
Risk Factors
- Regulatory lag or unfavorable rate decisions
- Operating cost inflation pressuring margins
- PFAS treatment upgrade costs impacting capex and returns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000863110-26-000038 |
| Document: f1q2026earningsreleasefinal.htm | 0000863110-26-000038 |
| Document: 0000863110-26-000038-index-headers.html | 0000863110-26-000038 |
| Document: 0000863110-26-000038-index.html | 0000863110-26-000038 |
| Document: 0000863110-26-000038.txt | 0000863110-26-000038 |
| 8-K Data (Synthetic) | 0000863110-26-000038 |
US Market Status
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