Artesian Resources Q2 net income up 19.9% to $5.3M; EPS $0.52 vs $0.44

ARTESIAN RESOURCES CORP

2024-Q2 EPS reported $0.95 revenue$51,960,000

Q2 net income $5.3M (+19.9% YoY); diluted EPS $0.52 (+18.2%).
Revenue $27.4M (+8.6% YoY) driven by rate increase, customer growth, and warmer weather.
Temporary water rate increase finalized by DEPSC effective June 12, 2024.
YTD net income $9.7M (+19.5%); EPS $0.95 (+13.1%).
Capital expenditures $18.4M in H1 2024 for PFAS treatment, infrastructure.

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