Artesian Water files application with Delaware PSC for rate increase
Rate Increase Application: Artesian Water Company has filed for a 12.41% increase in customer rates, amounting to approximately $10.8 million annually, to recover investments in water utility infrastructure and comply with stricter water quality regulations.
Infrastructure Investments: The company has invested over $58.5 million since its last rate filing, focusing on improvements to treatment systems for contaminants like PFAS, while also facing rising operational costs, particularly in electricity.
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Utility Companies EPS Revision Grades Highlighted Ahead of Earnings Season
- EPS Revision Grades: Artesian Resources, Consolidated Water, and Clearway Energy all received an A+ EPS revision grade, indicating growing market confidence in their near-term performance ahead of earnings season.
- Small-Cap Utility Performance: Hallador Energy and Spire also achieved A+ EPS revision grades, suggesting that these mid- and small-cap utility companies may outperform in the upcoming earnings reports, drawing investor interest.
- Market Confidence Boost: Brookfield Infrastructure and Genie Energy received A grades for their EPS revisions, reflecting analysts' optimistic outlook on their future profitability, which could drive stock prices higher.
- Industry Outlook: Algonquin Power & Utilities and Suburban Propane Partners both earned A grades, indicating that the utility sector may show outperforming results in 2026, attracting more investor attention.
Artesian Resources Corporation Declares Second 2% Quarterly Dividend Increase for This Year
Dividend Increase Announcement: Artesian Resources Corporation has approved a 2% increase in its quarterly common stock dividend, raising it to $0.3136 per share, which reflects a 4% increase for the year.
Operational Focus: The company emphasizes its commitment to operational excellence, regulatory compliance, and strong financial management to support sustainable growth and the long-term interests of its customers and shareholders.
Historical Dividend Record: This marks Artesian's 132nd consecutive quarterly dividend payment to shareholders, showcasing its consistent financial performance.
Company Overview: Artesian Resources operates as a holding company for subsidiaries providing water and wastewater services on the Delmarva Peninsula, supplying over 9.5 billion gallons of water annually to a significant portion of Delaware's population.
