Artesian Resources Corporation ( (ARTNA) ) has released its Q2 earnings. Here is a breakdown of the information Artesian Resources Corporation presented to its investors.
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Artesian Resources Corporation is a leading provider of water and wastewater services on the Delmarva Peninsula, known for its long-standing commitment to delivering high-quality utility services since 1905.
In its latest earnings report, Artesian Resources Corporation announced a significant increase in net income for the second quarter and year-to-date 2025, driven by higher water sales and growth in its wastewater customer base. The company also highlighted its ongoing infrastructure investments aimed at ensuring reliable service and compliance with future regulatory standards.
For the second quarter of 2025, Artesian reported a net income of $6.3 million, marking an 18.1% increase from the previous year, with diluted net income per share rising to $0.61. Revenues for the quarter reached $28.5 million, a 4.1% increase, attributed to higher water sales and increased wastewater and service line protection plan revenues. Year-to-date results showed a net income of $11.7 million, a 20.4% rise, with revenues totaling $54.4 million, up by 4.8% from the same period in 2024.
The company continues to invest heavily in its infrastructure, with $26.3 million allocated in the first half of 2025 towards water and wastewater projects, including the rehabilitation of aging infrastructure and the construction of a new wastewater treatment plant. These efforts are part of Artesian’s strategy to address emerging contaminants and ensure long-term operational sustainability.
Looking ahead, Artesian Resources Corporation remains focused on its growth strategy and infrastructure investments to meet future regulatory standards and maintain service quality. The company anticipates continued growth in its customer base and remains committed to delivering value to its customers and shareholders.