Artesian Resources Q4 revenue rises on rate hikes, customer growth
Overview
US water utility's Q4 revenue rose 4.3% yr/yr, driven by rate hikes and customer growth
Q4 diluted EPS increased 8.1% to $0.40 from $0.37 a year earlier
Company invested $58.8 mln in water and wastewater infrastructure in 2025
Outlook
Company did not provide specific financial guidance for the current qtr or full yr
Result Drivers
RATE INCREASES AND CUSTOMER GROWTH - Q4 water sales revenue rose due to temporary rate hikes and an increase in customers served
WASTEWATER REVENUE - Other utility operating revenue rose mainly due to higher wastewater revenue from customer growth
SERVICE LINE PLAN FEES - Non-utility revenue increased as a result of higher Service Line Protection Plan fees and more participating customers
Company press release: ID:nGNX5kTLHj
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Water Sales |
| $22.3 mln |
|
Q4 EPS |
| $0.40 |
|
Q4 Net Income |
| $4.13 mln |
|
Q4 Operating Income |
| $5.76 mln |
|
Q4 Utility Operating Expenses |
| $14.15 mln |
|
Analyst Coverage
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
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