Filing Flows › Artesian Resources (ARTNA) › Q1 2026 › vs Q4 2025
Artesian Resources (ARTNA) Q1 2026 vs Q4 2025 (quarter over quarter)
Artesian Resources's revenue fell $241K (-0.9%) from $28.0M in Q4 2025 to $27.8M in Q1 2026. The biggest changes: Other Utility Operating Revenue −$255K (-7%); Non Utility Operating Revenue +$121K (+6%); Water Sales −$107K (-0.5%). Operating margin 22.6% against 20.6% (+2.0 pts).
Artesian Resources, Q1 2026: revenue $27.8M (+7% year over year), operating margin 22.6%, net earnings $5.9M, operating cash flow $8.6M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.6% | 20.6% | +2.0 pts |
| Net margin | 21.4% | 14.8% | +6.6 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Water Sales | $22.2M | $22.3M | −$107K | -0.5% |
| Other Utility Operating Revenue | $3.6M | $3.8M | −$255K | -7% |
| Non Utility Operating Revenue | $2.0M | $1.9M | $121K | +6% |
| Revenue | $27.8M | $28.0M | −$241K | -0.9% |
| Operating profit | $6.3M | $5.8M | $513K | +9% |
| Costs & expenses | $21.5M | $22.3M | −$754K | -3% |
| Pre-tax earnings | $5.9M | $4.1M | $1.8M | +44% |
| Other expense, net | $342K | $1.6M | −$1.3M | -79% |
| Net earnings | $5.9M | $4.1M | $1.8M | +44% |
| Depreciation & amortization | $3.5M | $3.5M | −$86K | -2% |
| Share-based compensation | $92K | $94K | −$2K | -2% |
| Working capital & other | $842K | −$2.7M | $3.5M | — |
| Operating cash flow | $8.6M | $10.5M | −$1.8M | -17% |
| Capital expenditures | $13.1M | $18.3M | −$5.2M | -28% |
| Negative free cash flow (OCF − capex) | $4.5M | $7.9M | −$3.4M | -43% |
Questions
How much did Artesian Resources's revenue grow quarter over quarter in Q1 2026?
Artesian Resources's revenue fell $241K (-0.9%) from $28.0M in Q4 2025 to $27.8M in Q1 2026.
What drove Artesian Resources's revenue change in Q1 2026?
Other Utility Operating Revenue −$255K (-7%); Non Utility Operating Revenue +$121K (+6%); Water Sales −$107K (-0.5%).