Artesian Resources Q2 net income up 18.1% to $6.3M; EPS $0.61 (+17.3%)

ARTESIAN RESOURCES CORP

2025-Q2 EPS reported $1.14 revenue$54,435,000

Diluted EPS $0.61 vs $0.52; revenue $28.5M (+4.1%) on DSIC, temporary 1.22% rate increase, customer growth.
Wastewater revenue up 10.7%; SLPP revenue up 12.3% from rate increase and customer expansion.
New four-year electric contract started May 2025; estimated annual cost increase ~$0.5M at 25% higher rate.
YTD net income $11.7M (+20.4%); EPS $1.14 (+20.0%); $26.3M invested in infrastructure in H1 2025.

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