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Artesian Resources reports Q3 2026 net income down 3%, but YTD net income rises 3.1% with revenue growth.

Company Fundamentals
11 Nov 2026, 00:11 WIB
GlobeNewsWire
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Neutral
Artesian Resources reports Q3 2026 net income down 3%, but YTD net income rises 3.1% with revenue growth.

Artesian Resources Corporation reported a 3% decrease in net income for Q3 2026 to $6.8 million, with diluted earnings per share falling slightly to $0.65. Despite this, year-to-date net income rose 3.1% to $19.3 million, driven by a 6.4% increase in revenues to $90.4 million, supported by higher water sales, wastewater services, and rate increases. Operating expenses rose due to higher supply, payroll, and administrative costs, while capital investments of $40.8 million focused on infrastructure upgrades and water quality improvements. The company continues to invest in its water and wastewater systems to ensure reliable service and regulatory compliance.

Artesian Resources Corporation's Q3 and year-to-date 2026 results provide context for utilities sector performance. For readers following utilities, here is Pluang's market snapshot as of Nov 11, 2026 05:02 WIB: Among 39 priced US utilities stocks, 15 rose and 23 fell today. NextEra Energy, Inc. (NEE) saw strong buying interest with 91% buy orders and a price of USD 86.28, contrasting with Brookfield Infrastructure Partners LP (BIP) which had 84% sell orders and a price of USD 39.37. NiSource Inc (NI) gained 0.58% to USD 45.32 with a typical hold time of 33 days on Pluang.

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