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How Artesian Resources (ARTNA) makes money

Artesian Resources (ARTNA) made $30.7M of revenue in the second quarter 2026 (Q2 2026), +7% from a year earlier. Water Sales brought in $24.4M (80%); Other Utility Operating Revenue brought in $4.2M (14%); Non Utility Operating Revenue brought in $2.0M (7%). Of every dollar of revenue, 28¢ was left as operating profit, 21¢ was left as net earnings.

Drawing the Sankey…

Artesian Resources revenue by segment, Q2 2026Artesian Resources revenue by segment, Q2 2026Water Sales$24.4MOther Utility Operating Revenue$4.2MNon Utility Operating Revenue$2.0M
Artesian Resources: revenue by line, Q4 2024 to Q2 2026Artesian Resources: revenue by line, Q4 2024 to Q2 2026Water SalesOther Utility Operati…Non Utility Operating…Non-Utility Operating…Water Sales: $24.4M latest$24.4MOther Utility Operating Revenue: $4.2M latest$4.2MNon Utility Operating Revenue: $2.0M latestNon-Utility Operating Revenue: $0 latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
Artesian Resources revenue by quarterArtesian Resources revenue by quarter$26.9MQ4 2024$25.9MQ1 2025$28.5MQ2 2025$30.5MQ3 2025$28.0MQ4 2025$27.8MQ1 2026$30.7MQ2 2026
Artesian Resources: where each dollar of revenue goesArtesian Resources: where each dollar of revenue goesOperating profit28¢Net earnings21¢Operating cash flow33¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Water Sales$24.4M79.7%+10%+6%
Other Utility Operating Revenue$4.2M13.8%+18%+16%
Non Utility Operating Revenue$2.0M6.6%0%+10%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$30.7M100.0%
Operating profit$8.6M28.1%
Net earnings$6.6M21.4%
Operating cash flow$10.2M33.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$30.7M+7%
Q1 2026$27.8M+7%
Q4 2025$28.0M+4%
Q3 2025$30.5M+5%
Q2 2025$28.5M+4%
Q1 2025$25.9M+6%
Q4 2024$26.9M+9%

From Artesian Resources' 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does Artesian Resources make money?

Artesian Resources (ARTNA) made $30.7M of revenue in the second quarter 2026 (Q2 2026), +7% from a year earlier. Water Sales brought in $24.4M (80%); Other Utility Operating Revenue brought in $4.2M (14%); Non Utility Operating Revenue brought in $2.0M (7%). Of every dollar of revenue, 28¢ was left as operating profit, 21¢ was left as net earnings.

What is Artesian Resources' biggest business?

Water Sales: $24.4M in the second quarter 2026, 80% of revenue, +6% from a year earlier.

What is Artesian Resources' profit margin?

Net earnings were $6.6M, 21.4% of revenue, in the second quarter 2026; the operating margin was 28.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.