ARTNA

NEWARK, Del., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and other related business services, today announced second quarter and year-to-date results for 2026. Second Quarter Results Diluted net income per share increased 4.9% to $0.64, compared to $0.61 for the same period in 2025. Net income for the three months ended June 30, 2026 was $6.6 million, a $0.3 million, or 4.5%, increase compared to net income recorded during the three months ended June 30, 2025. Revenues totaled $30.7 million for the three months ended June 30, 2026, $2.1 million, or 7.4%, more than revenues for the three months ended June 30, 2025. Water sales revenue increased $1.3 million, or 5.8%, primarily the result of temporary rate increases as permitted under Delaware law, until permanent rates are determined by the Delaware Public Service Commission, or DEPSC, and an increase in the number of customers served. Other utility operating revenue increased approximately $0.6 million, or 16.0%, primarily due to an increase in revenue related to industrial wastewater treatment services and an increase in wastewater revenue associated with additional residential and commercial customers. Non-utility operating revenue increased approximately $0.2 million, or 10.2%, primarily due to an increase in Service Line Protection Plan, or SLP Plan, revenue, resulting from an increase in fees that were placed into effect on January 1, 2026 and an increase in the number of customers participating in the SLP Plans. “Our solid financial results reflect continued growth across our service territories, including a 6.6% increase in wastewater customers over the past 12 months,” said Nicki Taylor, Chair, President and CEO. Operating expenses, excluding depreciation and income taxes, increased $1.2 million, or 7.6%. Utility operating expenses increased $0.9 million, or 7.4%, primarily the result of a $0.5 million increase in payroll and employee benefit costs, a $0.2 million increase in supply and treatment costs, and a $0.2 million increase in administrative costs. Non-utility operating expenses increased $0.3 million, or 28.1%, primarily due to an increase in plumbing repair costs associated with the SLP Plans. Depreciation and amortization expense increased $0.1 million, or 3.1%, primarily due to additional depreciation from continued investment in utility plant related to providing supply, treatment, storage and distribution of water to customers and service to our wastewater customers. Federal and state income tax expense increased $0.1 million, or 4.6%, primarily due to higher pre-tax book income. Other income decreased $0.3 million, primarily due to a decrease in allowance for funds used during construction, or AFUDC, as a result of lower long-term construction activity subject to AFUDC. Interest charges increased $0.2 million, primarily due to an increase in long-term debt interest related to higher borrowing levels on the Company’s promissory notes. Year-to-Date Results Diluted net income per share increased 6.1% to $1.21, compared to $1.14 for the same period in 2025. Net income for the six months ended June 30, 2026 was $12.5 million, a $0.8 million, or 6.7%, increase compared to net income recorded during the six months ended June 30, 2025. Revenues totaled $58.4 million for the six months ended June 30, 2026, $4.0 million, or 7.4%, more than revenues for the six months ended June 30, 2025. Water sales revenue increased $2.9 million, or 6.5%, primarily the result of temporary rate increases as permitted under Delaware law, until permanent rates are determined by the DEPSC and an increase in the number of customers served. Other utility operating revenue increased approximately $0.8 million, or 11.3%, primarily due to an increase in revenue related to industrial wastewater treatment services and an increase in wastewater revenue associated with additional residential and commercial customers. Non-utility operating revenue increased approximately $0.4 million, or 9.9%, primarily due to an increase in SLP Plan revenue, resulting from an increase in fees that were placed into effect on January 1, 2026 and an increase in the number of customers participating in the SLP Plans. Operating expenses, excluding depreciation and income taxes, increased $2.0 million, or 6.6%. Utility operating expenses increased $1.8 million, or 7.1%, primarily the result of increases in payroll, employee benefit and supply and treatment costs. Non-utility operating expenses increased $0.4 million, or 17.6%, primarily due to an increase in plumbing repair costs associated with the SLP Plans. Depreciation and amortization expense increased $0.2 million, or 3.0%, primarily due to additional depreciation from continued investment in utility plant related to providing supply, treatment, storage and distribution of water to customers and service to our wastewater customers. Federal and state income tax expense increased $0.3 million, or 7.6%, primarily due to higher pre-tax book income. Other income decreased $0.5 million, primarily due to a decrease in AFUDC, as a result of lower long-term construction activity subject to AFUDC. Interest charges increased $0.3 million, primarily due to an increase in long-term debt interest related to higher borrowing levels on the Company’s promissory notes and lines of credit. Capital Expenditures As part of Artesian’s ongoing effort to ensure high-quality reliable service to customers, $25.9 million was invested in the first six months of 2026 in water and wastewater infrastructure projects. These investments include installation of new mains, services and hydrants, renewals associated with the rehabilitation of aging infrastructure, upgrading and replacing meter reading equipment, installation of wastewater force mains, upgrading existing pumping and treatment stations, including PFAS treatment upgrades, and construction of new wastewater treatment plants, to better serve our customers. “Water and wastewater utilities face the unique and challenging responsibility of reliably delivering safe drinking water, protecting the environment, and complying with evolving federal and state regulations,” said Nicki Taylor, Chair, President and CEO. “Our capital program is focused on supporting the long-term needs of the communities we serve by addressing aging infrastructure, enhancing system resiliency, and meeting these obligations.” About Artesian ResourcesArtesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and several other related core business services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Forward Looking StatementsThis release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, recovery of investments in water utility plant and increased operating costs in rates charged to customers as presented in our current filing before the Delaware Public Service Commission, our growth strategy, our expectations regarding infrastructure investments, our ability to comply with future regulatory standards, continued growth in our business and the number of customers served, and our continued provision of high-quality, reliable service to customers. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: changes in weather, changes in our contractual obligations, changes in government policies, the timing and results of our rate requests, failure to receive regulatory approval, changes in economic and market conditions generally and other matters discussed in our filings with the Securities and Exchange Commission. While the Company may elect to update forward-looking statements, we specifically disclaim any obligation to do so and you should not rely on any forward-looking statement as representation of the Company’s views as of any date subsequent to the date of this release. Contact:Virginia Eisenbrey(302) [email protected]

NEWARK, Del., May 05, 2026 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and several other related business services, today announced earnings results for the first quarter of 2026. First Quarter Results Diluted net income per share increased 7.5% to $0.57, compared to $0.53 for the same period in 2025. Net income for the three months ended March 31, 2026 was $5.9 million, a $0.5 million, or 9.2%, increase compared to net income recorded during the three months ended March 31, 2025. Revenues totaled $27.8 million for the three months ended March 31, 2026, $1.9 million, or 7.3%, more than revenues for the three months ended March 31, 2025. Water sales revenue increased $1.5 million, or 7.3%, primarily the result of temporary rate increases as permitted under Delaware law, until permanent rates are determined by the Delaware Public Service Commission, or DEPSC, and an increase in the number of customers served. Other utility operating revenue increased approximately $0.2 million, or 6.2%, primarily due to an increase in revenue related to industrial wastewater services and an increase in wastewater revenue associated with additional residential and commercial customers. Non-utility operating revenue increased approximately $0.2 million, or 9.5%, primarily due to an increase in Service Line Protection Plan, or SLP Plan, revenue, primarily the result of an increase in the number of customers participating in the SLP Plans and an increase in fees that were placed into effect on January 1, 2026. Operating expenses, excluding depreciation and income taxes, increased $0.9 million, or 5.7%. Utility operating expenses increased $0.8 million, or 6.7%, primarily the result of increased costs associated with payroll and employee benefit costs, supply and treatment costs and transmission, distribution and collection systems cost, partially offset by a decrease in administrative costs. Federal and state income tax expense increased $0.2 million, or 11.2%, primarily due to higher pre-tax book income. Other income decreased $0.2 million, primarily due to a decrease in patronage refunds on the company’s lines of credit and loan volume and a decrease in allowance for funds used during construction, or AFUDC, as a result of lower long-term construction activity subject to AFUDC. Capital Expenditures As part of Artesian’s ongoing effort to ensure high-quality reliable service to customers, $13.1 million was invested in the first three months of 2026 in water and wastewater infrastructure projects. These investments include installation of new mains, services and hydrants, renewals associated with the rehabilitation of aging infrastructure, upgrading and replacing our meter reading equipment, installation of wastewater force mains, upgrading existing pumping and treatment stations, including PFAS treatment upgrades, and construction of new wastewater treatment plants, to better serve our customers. “Investment in critical water and wastewater infrastructure is essential to providing safe, reliable service and meeting evolving regulatory standards” said Nicki Taylor, Chair, President and CEO. “These investments address aging infrastructure, support water quality and help maintain the long-term resilience of our operations while supporting responsible growth for the communities we serve.” About Artesian Resources Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and several other related core business services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian Water Company supplies 9.7 billion gallons of water per year through 1,515 miles of main to over a third of Delawareans. Forward Looking Statements This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, recovery of investments in water utility plant and increased operating costs in rates charged to customers as presented in our current filing before the Delaware Public Service Commission, our growth strategy, our expectations regarding infrastructure investments, and continued growth in our business and the number of customers served. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: changes in weather, changes in our contractual obligations, changes in government policies, the timing and results of our rate requests, failure to receive regulatory approval, changes in economic and market conditions generally and other matters discussed in our filings with the Securities and Exchange Commission. While the Company may elect to update forward-looking statements, we specifically disclaim any obligation to do so and you should not rely on any forward-looking statement as representation of the Company’s views as of any date subsequent to the date of this release. Contact: Virginia Eisenbrey (302) 453-6900 [email protected]

NEWARK, Del., March 12, 2026 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and several other related business services, today announced earnings results for the fourth quarter and year ended December 31, 2025. Diluted net income per share increased 11.6% to $2.21 in 2025 Net income increased $2.4 million in 2025 Invested $58.8 million in 2025 in water and wastewater infrastructure Year-End Results Net income for the year ended December 31, 2025 was $22.8 million, a $2.4 million, or 11.9%, increase compared to net income recorded during the year ended December 31, 2024. Diluted net income per share increased 11.6% to $2.21, compared to $1.98 for the same period in 2024. Revenues totaled $112.9 million for the twelve months ended December 31, 2025, $5.0 million, or 4.6%, more than revenues for the twelve months ended December 31, 2024. Water sales revenue increased $2.8 million, or 3.2%, primarily as the result of two temporary rate increases as permitted under Delaware law until permanent rates are determined by the Delaware Public Service Commission, or DEPSC, as well as an increase in the number of customers served and DSIC revenue. Other utility operating revenue increased approximately $1.5 million, or 11.2%, primarily due to an increase in wastewater revenue associated with customer growth. Non-utility operating revenue increased approximately $0.7 million, or 10.2%, primarily due to an increase in Service Line Protection Plan, or SLP Plan, revenue, primarily as the result of an increase in fees that was placed into effect on December 1, 2024 and an increase in the number of customers participating in the plans. Operating expenses, excluding depreciation and income taxes, increased $2.7 million, or 4.4%. Utility operating expenses increased $2.6 million, which increase consists of a $0.9 million increase in payroll and employee benefit costs, a $0.8 million increase in administrative costs, a $0.4 million increase in purchased power costs, a $0.4 million increase in supply and treatment costs, and a $0.3 million increase in transmission, distribution and collection system costs, partially offset by a $0.1 million decrease in purchased water costs. Depreciation and amortization expense increased $0.2 million, or 1.3%, primarily due to additional depreciation from continued investment in utility plant related to providing supply, treatment, storage and distribution of water to customers and service to our wastewater customers. Federal and state income tax expense increased $0.5 million, or 7.1%, primarily due to higher pre-tax income, partially offset by higher regulatory deferred income tax amortization in 2025 compared to 2024. Property and other taxes increased $0.1 million, or 1.2%, primarily due to a reassessment and tax rate changes in New Castle County, Delaware, partially offset by an increase in utility plant subject to taxation. Other income increased $0.7 million, primarily due to an increase in allowance for funds used during construction, or AFUDC, as a result of higher long-term construction activity subject to AFUDC. Interest charges decreased $0.1 million, primarily due to a decrease in long-term debt interest related to lower borrowing levels. Fourth Quarter Results Net income for the three months ended December 31, 2025 was $4.1 million, a $0.3 million, or 7.5%, increase compared to net income for the three months ended December 31, 2024. Diluted net income per share increased 8.1% to $0.40, compared to $0.37 for the same period in 2024. Revenues totaled $28.0 million for the three months ended December 31, 2025, $1.2 million, or 4.3%, more than revenues for the three months ended December 31, 2024. Water sales revenue increased $0.6 million, or 2.9%, primarily the result of two temporary rate increases as permitted under Delaware law until permanent rates are determined by the DEPSC, as well as an increase in the number of customers served. Other utility operating revenue increased approximately $0.4 million, or 10.2%, primarily due to an increase in wastewater revenue associated with customer growth. Non-utility operating revenue increased approximately $0.2 million, or 10.0%, primarily due to an increase in SLP Plan revenue, primarily the result of an increase in fees that was placed into effect on December 1, 2024 and an increase in the number of customers participating in the plans. Operating expenses, excluding depreciation and income taxes, increased $1.0 million, or 5.8%, for the three months ended December 31, 2025, compared to the same period in 2024. Utility operating expenses increased $0.6 million, which increase consists of a $0.4 million increase in payroll and employee benefit costs, a $0.2 million increase in supply and treatment costs, a $0.1 million increase in purchased power costs, and a $0.1 million increase in administrative costs, partially offset by a $0.1 million decrease in transmission, distribution and collection system costs. Property and other taxes increased $0.3 million, or 17.7%, primarily due to a reassessment and tax rate changes in New Castle County, Delaware and an increase in payroll taxes. Depreciation and amortization expense increased $0.1 million, or 2.5%, primarily due to additional depreciation from continued investment in utility plant related to providing supply, treatment, storage and distribution of water to customers and service to our wastewater customers. Other income increased $0.1 million, primarily due to an increase in AFUDC, as a result of higher long-term construction activity subject to AFUDC. Capital Expenditures As part of Artesian’s ongoing effort to ensure high-quality, reliable service to customers, $58.8 million was invested in water and wastewater infrastructure projects during 2025. These investments included renewals associated with the rehabilitation of aging infrastructure, installation of new mains, construction of a new wastewater treatment plant, upgrading elevated storage tanks, upgrading and replacing our meter reading equipment, and upgrading existing pumping and treatment stations, including per- and polyfluoroalkyl substances (PFAS) treatment upgrades, to better serve our customers. “Our continued investment in critical water and wastewater infrastructure supports sustainable growth and reliable, environmentally responsible service” said Nicki Taylor, Chair, President and CEO. “With the completion of our wastewater facility in Milton, Delaware, and recent regulatory approval from the Delaware Department of Natural Resources and Environmental Control to expand treatment capacity in Sussex County, we are enhancing system resilience, modernizing our infrastructure, and positioning our operations to meet growing demand while delivering long-term value to customers and shareholders.” About Artesian Resources Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and several other related core business services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian Water Company supplies 9.4 billion gallons of water per year through 1,515 miles of main to over a third of Delawareans. Forward Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, our growth strategy, our expectations regarding infrastructure investments, our ability to comply with future regulatory standards, continued growth in our business and the number of customers served, and our continued provision of high-quality, reliable service to customers. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: changes in weather, changes in our contractual obligations, changes in government policies, the timing and results of our rate requests, failure to receive regulatory approvals, changes in economic and market conditions generally and other matters discussed in our filings with the Securities and Exchange Commission. While the Company may elect to update forward-looking statements, we specifically disclaim any obligation to do so and you should not rely on any forward-looking statement as representation of the Company’s views as of any date subsequent to the date of this release. Contact: Virginia Eisenbrey (302) 453-6900 [email protected]

Artesian Resources (ARTNA) reported EPS growth of 12.5% year-over-year, outpacing its five-year annual average of 5.3%. Net profit margin also climbed to 20.2% from 19% a year earlier, underscoring improved profitability. With a price-to-earnings ratio of 14.7x, currently below industry and peer averages, and no major risks flagged, investors are likely to view these results as a sign of sustained quality and value in the company’s performance. See our full analysis for Artesian Resources. Next, we will examine how these figures compare to the dominant narratives in the community and assess whether the numbers are shifting opinions or reinforcing long-held beliefs. Curious how numbers become stories that shape markets? Explore Community Narratives Profit margin improved to 20.2% this year, rising from 19% last year. This signals enhanced cost management and profitability that stands out against typical levels in the sector. Prevailing market analysis frames Artesian’s margin strength as reinforcing its status as a stable, defensive water utility. Steady net margins, paired with high-quality earnings, support the view that income-focused investors value Artesian for reliability rather than high growth. Most market commentary emphasizes the consistency of margins as a positive for those seeking low-volatility, income-generating stocks. While Artesian’s revenue is forecast to grow at 3.9% annually, the broader US market projects a much faster pace of 10.4% per year. This highlights slower topline momentum in comparison to national trends. Under the prevailing market view, Artesian is often cast as a steady performer whose moderate growth pace is an intentional tradeoff. Retail investors and market analysis note the appeal is the business model’s predictability rather than rapid gains, accepting slower growth as the price for stability. This measured outlook echoes across community sentiment where growth is less a concern than the ongoing ability to offer stable dividends and regulated returns. At a price-to-earnings ratio of 14.7x, Artesian trades below the global water utility average of 16.7x and well beneath peer levels of 30.9x. Its current share price of $32.23 is just under the DCF fair value of $33.27. The prevailing narrative points to this valuation gap as a key reward for defensive investors. Analysts and market observers highlight that a discount to both industry and computed fair value strengthens the investment case for value-oriented holders. In sector context, investors gravitating toward regulated utilities find comfort in buying at valuations that do not price in aggressive growth expectations. Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Artesian Resources's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. While Artesian’s revenue growth lags well behind the broader market, the tradeoff for stability may not suit those seeking faster upward momentum. For anyone frustrated by slow topline increases, check out high growth potential stocks screener (57 results) to spot established companies with substantially stronger growth prospects right now. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ARTNA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Artesian Resources (ARTNA) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.03%. A quarter ago, it was expected that this water resource management company would post earnings of $0.56 per share when it actually produced earnings of $0.61, delivering a surprise of +8.93%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Artesian Resources, which belongs to the Zacks Utility - Water Supply industry, posted revenues of $30.49 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $29.14 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Artesian Resources shares have added about 2.7% since the beginning of the year versus the S&P 500's gain of 17.2%. While Artesian Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Artesian Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.37 on $28 million in revenues for the coming quarter and $2.16 on $112 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Water Supply is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. American States Water (AWR), another stock in the same industry, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 5. This water and electric utility is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +6.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. American States Water's revenues are expected to be $178 million, up 10% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Artesian Resources Corporation (ARTNA) : Free Stock Analysis Report American States Water Company (AWR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research