# EDGAR Filing Document

**Accession Number:** 0000863110
**File Stem:** 0000863110-26-000022
**Filing Date:** 2026-3
**Character Count:** 14247
**Document Hash:** 721488284aae87ab8c1af344bba6a5e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000863110-26-000022.hdr.sgml**: 20260313

**ACCESSION NUMBER**: 0000863110-26-000022

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260312

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260313

**DATE AS OF CHANGE**: 20260313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARTESIAN RESOURCES CORP
- **CENTRAL INDEX KEY:** 0000863110
- **STANDARD INDUSTRIAL CLASSIFICATION:** WATER SUPPLY [4941]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 510002090
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-18516
- **FILM NUMBER:** 26750245

**BUSINESS ADDRESS:**
- **STREET 1:** 664 CHURCHMANS RD
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19702
- **BUSINESS PHONE:** 3024536900

**MAIL ADDRESS:**
- **STREET 1:** 664 CHURCHMANS RD
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19702

?xml version='1.0' encoding='ASCII'?

------

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934** 

Date of Report (Date of earliest event reported): March 12, 2026

**<u>ARTESIAN RESOURCES CORPORATION</u>**

(Exact name of registrant as specified in its charter)

<u> Delaware </u> <u> 000-18516 </u> <u> 51-0002090 </u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

<u> 664 Churchmans Road, Newark, Delaware </u> <u> 19702 </u> <br> (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: <u> 302-453-6900 </u>

Not Applicable



(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Securities registered pursuant to Section 12(b) of the Act:  | &nbsp;&nbsp; Securities registered pursuant to Section 12(b) of the Act:  | &nbsp;&nbsp; Securities registered pursuant to Section 12(b) of the Act:  |
| &nbsp;&nbsp; **Title of each class**  | &nbsp;&nbsp; **Trading Symbols (s)**  | &nbsp;&nbsp; **Name of each exchange on which registered**  |
| &nbsp;&nbsp; Common Stock  | &nbsp;&nbsp; ARTNA  | &nbsp;&nbsp; The Nasdaq Stock Market  |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02 Results of Operations and Financial Condition**

On March 12, 2026, Artesian Resources Corporation ("Artesian Resources" or the "Company") issued a press release announcing its earnings for the fourth quarter and year ended December 31, 2025. The press release is attached as Exhibit 99.1 and is incorporated herein by reference. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

**Item 9.01 Financial Statements and Exhibits**

**(d)Exhibits**

---

| | |
|:---|:---|
| Exhibit Number:  | Title:  |
| [99.1](f4q2025earningsreleasedraft0.htm)\*  | Press release regarding earnings for the fourth quarter and year ended December 31, 2025, issued on March 12, 2026, by Artesian Resources Corporation.  |
| 104  | Cover Page Interactive Data File (formatted as Inline XBRL).  |

---

\*

Exhibit 99.1 is intended to be deemed furnished rather than filed pursuant to General Instruction B.2. of Form 8-K.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp; ARTESIAN RESOURCES CORPORATION  |
| &nbsp;&nbsp; March 13, 2026  | &nbsp;&nbsp; By:  | &nbsp;&nbsp; /s/ David B. Spacht  |
|  |  | &nbsp;&nbsp; David B. Spacht  |
|  |  | &nbsp;&nbsp; Chief Financial Officer  |

---

## Ex-99

![](image2.gif)

**Artesian Resources Corporation Reports 2025 Year-End Earnings and**

**Fourth Quarter Results**

**Newark, Delaware, March 12, 2026** – Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and several other related business services, today announced earnings results for the fourth quarter and year ended December 31, 2025.

* **Diluted net income per share increased 11.6% to $2.21 in 2025**

* **Net income increased $2.4 million in 2025**

* **Invested $58.8 million in 2025 in water and wastewater infrastructure**

***<u>Year-End Results</u>***

Net income for the year ended December 31, 2025 was $22.8 million, a $2.4 million, or 11.9%, increase compared to net income recorded during the year ended December 31, 2024. Diluted net income per share increased 11.6% to $2.21, compared to $1.98 for the same period in 2024.

Revenues totaled $112.9 million for the twelve months ended December 31, 2025, $5.0 million, or 4.6%, more than revenues for the twelve months ended December 31, 2024.

Water sales revenue increased $2.8 million, or 3.2%, primarily as the result of two temporary rate increases as permitted under Delaware law until permanent rates are determined by the Delaware Public Service Commission, or DEPSC, as well as an increase in the number of customers served and DSIC revenue.

Other utility operating revenue increased approximately $1.5 million, or 11.2%, primarily due to an increase in wastewater revenue associated with customer growth.

Non-utility operating revenue increased approximately $0.7 million, or 10.2%, primarily due to an increase in Service Line Protection Plan, or SLP Plan, revenue, primarily as the result of an increase in fees that was placed into effect on December 1, 2024 and an increase in the number of customers participating in the plans.

Operating expenses, excluding depreciation and income taxes, increased $2.7 million, or 4.4%. Utility operating expenses increased $2.6 million, which increase consists of a $0.9 million increase in payroll and employee benefit costs, a $0.8 million increase in administrative costs, a $0.4 million increase in purchased power costs, a $0.4 million increase in supply and treatment costs, and a $0.3 million increase in transmission, distribution and collection system costs, partially offset by a $0.1 million decrease in purchased water costs.

Depreciation and amortization expense increased $0.2 million, or 1.3%, primarily due to additional depreciation from continued investment in utility plant related to providing supply, treatment, storage and distribution of water to customers and service to our wastewater customers.

Federal and state income tax expense increased $0.5 million, or 7.1%, primarily due to higher pre-tax income, partially offset by higher regulatory deferred income tax amortization in 2025 compared to 2024.

Property and other taxes increased $0.1 million, or 1.2%, primarily due to a reassessment and tax rate changes in New Castle County, Delaware, partially offset by an increase in utility plant subject to taxation.

Other income increased $0.7 million, primarily due to an increase in allowance for funds used during construction, or AFUDC, as a result of higher long-term construction activity subject to AFUDC.

Interest charges decreased $0.1 million, primarily due to a decrease in long-term debt interest related to lower borrowing levels.

***<u>Fourth Quarter Results</u>***

Net income for the three months ended December 31, 2025 was $4.1 million, a $0.3 million, or 7.5%, increase compared to net income for the three months ended December 31, 2024. Diluted net income per share increased 8.1% to $0.40, compared to $0.37 for the same period in 2024.

Revenues totaled $28.0 million for the three months ended December 31, 2025, $1.2 million, or 4.3%, more than revenues for the three months ended December 31, 2024.

Water sales revenue increased $0.6 million, or 2.9%, primarily the result of two temporary rate increases as permitted under Delaware law until permanent rates are determined by the DEPSC, as well as an increase in the number of customers served.

Other utility operating revenue increased approximately $0.4 million, or 10.2%, primarily due to an increase in wastewater revenue associated with customer growth.

Non-utility operating revenue increased approximately $0.2 million, or 10.0%, primarily due to an increase in SLP Plan revenue, primarily the result of an increase in fees that was placed into effect on December 1, 2024 and an increase in the number of customers participating in the plans.

Operating expenses, excluding depreciation and income taxes, increased $1.0 million, or 5.8%, for the three months ended December 31, 2025, compared to the same period in 2024. Utility operating expenses increased $0.6 million, which increase consists of a $0.4 million increase in payroll and employee benefit costs, a $0.2 million increase in supply and treatment costs, a $0.1 million increase in purchased power costs, and a $0.1 million increase in administrative costs, partially offset by a $0.1 million decrease in transmission, distribution and collection system costs.

Property and other taxes increased $0.3 million, or 17.7%, primarily due to a reassessment and tax rate changes in New Castle County, Delaware and an increase in payroll taxes.

Depreciation and amortization expense increased $0.1 million, or 2.5%, primarily due to additional depreciation from continued investment in utility plant related to providing supply, treatment, storage and distribution of water to customers and service to our wastewater customers.

Other income increased $0.1 million, primarily due to an increase in AFUDC, as a result of higher long-term construction activity subject to AFUDC.

***<u>Capital Expenditures</u>***

As part of Artesian's ongoing effort to ensure high-quality, reliable service to customers, $58.8 million was invested in water and wastewater infrastructure projects during 2025. These investments included renewals associated with the rehabilitation of aging infrastructure, installation of new mains, construction of a new wastewater treatment plant, upgrading elevated storage tanks, upgrading and replacing our meter reading equipment, and upgrading existing pumping and treatment stations, including per- and polyfluoroalkyl substances (PFAS) treatment upgrades, to better serve our customers.

"Our continued investment in critical water and wastewater infrastructure supports sustainable growth and reliable, environmentally responsible service" said Nicki Taylor, Chair, President and CEO. "With the completion of our wastewater facility in Milton, Delaware, and recent regulatory approval from the Delaware Department of Natural Resources and Environmental Control to expand treatment capacity in Sussex County, we are enhancing system resilience, modernizing our infrastructure, and positioning our operations to meet growing demand while delivering long-term value to customers and shareholders."

**About Artesian Resources**

Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and several other related core business services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian Water Company supplies 9.4 billion gallons of water per year through 1,515 miles of main to over a third of Delawareans.

**Forward Looking Statements**

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, our growth strategy, our expectations regarding infrastructure investments, our ability to comply with future regulatory standards, continued growth in our business and the number of customers served, and our continued provision of high-quality, reliable service to customers. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: changes in weather, changes in our contractual obligations, changes in government policies, the timing and results of our rate requests, failure to receive regulatory approvals, changes in economic and market conditions generally and other matters discussed in our filings with the Securities and Exchange Commission. While the Company may elect to update forward-looking statements, we specifically disclaim any obligation to do so and you should not rely on any forward-looking statement as representation of the Company's views as of any date subsequent to the date of this release.

**Contact:**

Virginia Eisenbrey

(302) 453-6900

VEisenbrey@artesianwater.com

------

![](image1.gif)