Artesian Resources | 10-Q: FY2025 Q3 Revenue: USD 30.49 M

Revenue: As of FY2025 Q3, the actual value is USD 30.49 M.

EPS: As of FY2025 Q3, the actual value is USD 0.68.

EBIT: As of FY2025 Q3, the actual value is USD 11.63 M.

Regulated Utility Segment

Revenue

• For the three months ended September 30, 2025, revenues were $28,617,000, compared to $27,450,000 for the same period in 2024.
• For the nine months ended September 30, 2025, revenues were $79,385,000, compared to $76,080,000 for the same period in 2024.

Operating Income

• Operating income for the three months ended September 30, 2025, was $8,220,000, compared to $8,289,000 for the same period in 2024.
• For the nine months ended September 30, 2025, operating income was $20,581,000, compared to $19,555,000 for the same period in 2024.

Assets

• As of September 30, 2025, Regulated Utility Assets were $829,477,000, compared to $793,118,000 as of December 31, 2024.

Non-Utility Segment

Revenue

• Other revenues for the three months ended September 30, 2025, were $1,938,000, compared to $1,751,000 for the same period in 2024.
• For the nine months ended September 30, 2025, other revenues were $5,733,000, compared to $5,198,000 for the same period in 2024.

Operating Income

• Other profit for the three months ended September 30, 2025, was $399,000, compared to $301,000 for the same period in 2024.
• For the nine months ended September 30, 2025, other profit was $1,438,000, compared to $953,000 for the same period in 2024.

Cash Flow

Operating Cash Flow

• Net cash provided by operating activities for the nine months ended September 30, 2025, was $29,881,000, compared to $30,121,000 for the same period in 2024.

Investing Cash Flow

• Net cash used in investing activities for the nine months ended September 30, 2025, was -$40,395,000, compared to -$30,313,000 for the same period in 2024.

Financing Cash Flow

• Net cash provided by financing activities for the nine months ended September 30, 2025, was $10,072,000, compared to $8,390,000 for the same period in 2024.

Future Outlook and Strategy

Core Business Focus

• Artesian Water filed a request with the DEPSC to implement new rates to meet a requested increase in revenue of 12.41%, or approximately $10.8 million, on an annualized basis. The DEPSC approved and Artesian Water implemented a temporary rate increase effective June 3, 2025.

Non-Core Business

• Artesian Utility offers three protection plans to customers, with eligible customer enrollment increasing by 0.4% as of September 30, 2025, compared to September 30, 2024.

Priority

• The company plans to continue developing and expanding its contract operations and other services in a manner that complements its growth in water service to new customers.