NASDAQ$ARTNA
Artesian Resources Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Artesian Resources Corporation's financial performance improved with increased revenues and net income.
Artesian Resources Corporation reported a strong first quarter in 2024, with a 9.1% increase in revenues to $24.5 million and a 19.1% increase in net income to $4.4 million compared to the same period in 2023. The diluted net income per share also increased by 10.3% to $0.43.
- Net income increased by 19.1% to $4.4 million compared to Q1 2023.
- Diluted net income per share rose by 10.3% to $0.43.
- Revenues increased by 9.1% to $24.5 million.
- Invested $8.9 million in water and wastewater infrastructure projects.
Headline financials
Revenue & EPS history
Artesian · Revenue · Quarterly
$24.5M
Revenue by segment
Artesian · $24.5M total across 3 segments · Q4 2023
- Water Sales$19.7M—80.4%
- Other Utility Operating$3.11M—12.7%
- Non-Utility Operating$1.69M—6.9%
Forward guidance
The company anticipates continued growth and is focused on infrastructure investments and regionalization efforts to enhance operational efficiencies and support growth in the region.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.7%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+8.7%
Q3 2024
Best reaction
-7.1%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +1.6% | — | |
| Q4 2025 | +0.8% | -3.4% | -1.0% | |
| Q3 2025 | +1.0% | +3.5% | -3.1% | |
| Q1 2025 | +0.3% | -0.0% | -1.8% | |
| Q4 2024 | -1.3% | +4.7% | +8.9% | |
| Q3 2024 | +8.7% | +8.1% | +1.7% | |
| Q2 2024 | -6.7% | -6.0% | -8.2% | |
| Q1 2024 | +2.5% | +7.4% | -3.5% | |
| Q4 2023 | -1.2% | -2.0% | -6.1% | |
| Q3 2023 | -0.6% | -3.4% | +4.9% | |
| Q2 2023 | +0.5% | +2.6% | +1.1% | |
| Q1 2023 | +1.6% | +0.6% | -8.5% | |
| Q4 2022 | -5.2% | -4.0% | +4.0% | |
| Q3 2022 | +2.1% | +1.2% | +6.5% | |
| Q2 2022 | +3.8% | +3.8% | +5.5% | |
| Q1 2022 | +1.4% | -2.1% | +6.9% | |
| Q4 2021 | -3.3% | -3.9% | -3.4% | |
| Q3 2021 | +0.6% | +3.9% | +4.3% | |
| Q2 2021 | +1.1% | -1.3% | -1.2% | |
| Q1 2021 | -0.8% | -1.4% | +0.4% | |
| Q4 2020 | +0.9% | +6.2% | -0.1% | |
| Q3 2020 | -1.1% | +1.7% | +4.4% | |
| Q2 2020 | -1.1% | +5.6% | -3.0% | |
| Q1 2020 | -0.7% | +4.5% | +4.4% | |
| Q4 2019 | -4.9% | -8.0% | +4.9% | |
| Q3 2019 | -0.9% | -1.6% | +0.9% | |
| Q2 2019 | +2.5% | +3.5% | +0.9% | |
| Q1 2019 | +0.7% | -2.0% | +5.4% | |
| Q4 2018 | +1.2% | -1.9% | -8.7% | |
| Q3 2018 | -1.9% | -3.1% | -1.3% | |
| Q2 2018 | +0.4% | -0.8% | +1.9% | |
| Q1 2018 | -1.3% | +0.6% | +1.1% | |
| Q4 2017 | +4.2% | +6.2% | +3.0% | |
| Q3 2017 | +1.9% | -2.4% | +4.7% | |
| Q2 2017 | +2.1% | -0.3% | -6.3% | |
| Q1 2017 | -0.4% | -5.4% | -2.4% | |
| Q4 2016 | -2.8% | -1.1% | +10.6% | |
| Q3 2016 | +3.2% | +3.2% | +16.4% | |
| Q2 2016 | -1.8% | -3.3% | -17.9% | |
| Q1 2016 | +4.9% | — | — | |
| Q4 2015 | -1.0% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | +1.2% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q4 2012 | -1.3% | — | — | |
| Q3 2012 | -7.1% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2010 | -1.7% | — | — | |
| Q3 2011 | -1.7% | — | — | |
| Q2 2011 | -2.7% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q1 2010 | +0.2% | — | — |
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