---
title: "Artesian Resources | 8-K: FY2025 Q1 Revenue: USD 25.9 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238963715.md"
datetime: "2025-05-06T16:47:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238963715.md)
  - [en](https://longbridge.com/en/news/238963715.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238963715.md)
---

# Artesian Resources | 8-K: FY2025 Q1 Revenue: USD 25.9 M

Revenue: As of FY2025 Q1, the actual value is USD 25.9 M.

EPS: As of FY2025 Q1, the actual value is USD 0.53.

### Net Income

Net income for the three months ended March 31, 2025 was $5.4 million, representing a $1.0 million, or 23.2%, increase compared to the same period in 2024.

### Revenue

Revenues totaled $25.9 million for the three months ended March 31, 2025, which is $1.3 million, or 5.5%, higher than the revenues for the same period in 2024.

#### Water Sales Revenue

Water sales revenue increased by $0.9 million, or 4.3%, primarily due to increased water consumption, a 1.66% Distribution System Improvement Charge applied to Delaware customer water bills effective January 1, 2025, and an increase in the number of customers served.

#### Other Utility Operating Revenue

Other utility operating revenue increased by approximately $0.3 million, or 11.4%, mainly due to increased wastewater revenue associated with a higher number of customers served.

#### Non-Utility Operating Revenue

Non-utility operating revenue increased by approximately $0.1 million, or 8.0%, primarily due to an increase in Service Line Protection Plan (SLPP) revenue.

### Operating Expenses

Operating expenses, excluding depreciation and income taxes, increased by $0.5 million, or 3.1%. Utility operating expenses increased by $0.4 million, or 3.1%, mainly due to increased administrative costs and purchased power and water costs, partially offset by decreased supply and treatment costs and payroll and employee benefit costs.

### Other Income

Other income increased by $0.2 million, primarily due to an increase in allowance for funds used during construction (AFUDC) as a result of higher long-term construction activity subject to AFUDC.

### Capital Expenditures

Artesian invested $10.4 million in the first three months of 2025 in water and wastewater infrastructure projects, including renewals associated with the rehabilitation of aging infrastructure, installation of new mains, upgrading elevated storage tanks, upgrading and replacing meter reading equipment, construction of a new wastewater treatment plant, and upgrading existing pumping stations.

### Outlook / Guidance

Artesian Water Company filed a request with the Delaware Public Service Commission to implement new rates to meet a requested incremental increase in revenue of 10.75%, or approximately $9.4 million, on an annualized basis, to support ongoing capital improvement programs and cover increased operational costs. The company anticipates a significant increase in electric supply costs and continued investments in utility plant to maintain reliable and safe service to customers. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including changes in weather, contractual obligations, government policies, and economic conditions.

### Related Stocks

- [ARTNA.US](https://longbridge.com/en/quote/ARTNA.US.md)

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