Artesian Resources Sees 11.6% EPS Growth and Invests $58.8M in Infrastructure
Artesian Resources reported 2025 net income of $22.8 million, up 11.9% year-over-year, and diluted EPS rose 11.6% to $2.21 while revenues climbed 4.6% to $112.9 million. The company invested $58.8 million in water and wastewater infrastructure during the year, including PFAS treatment upgrades and a new Delaware wastewater facility.
1. Full-Year 2025 Financial Results
In 2025 net income reached $22.8 million, an 11.9% increase from 2024, while diluted EPS rose 11.6% to $2.21. Annual revenues grew 4.6% to $112.9 million, driven by water sales, wastewater revenue growth and increased non-utility service plan fees.
2. Fourth-Quarter Performance
Q4 net income totaled $4.1 million, up 7.5% year-over-year, and EPS increased 8.1% to $0.40. Revenues for the quarter rose 4.3% to $28.0 million, reflecting rate increases, customer growth and higher wastewater and service plan revenues.
3. Infrastructure Investments
Artesian invested $58.8 million in 2025 for water and wastewater projects, including PFAS treatment upgrades, new mains, elevated storage tank enhancements and a new wastewater treatment plant in Milton, Delaware to expand capacity and reliability.
4. Regulatory and Service Developments
Temporary rate increases under Delaware law contributed $2.8 million in water sales revenue, and regulatory approval from the Delaware Department of Natural Resources and Environmental Control enables expanded wastewater treatment operations following the Milton facility completion.