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 m...
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 incre...