NASDAQ$ARTNA
Artesian Resources Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Artesian Resources Corporation's financial performance improved in Q3 2024, marked by increased revenues and net income.
Artesian Resources Corporation reported a strong third quarter in 2024, with a 9.7% increase in revenues to $29.1 million and a 34.4% increase in net income to $6.8 million, driven by higher water sales and effective expense management.
- Revenues increased by 9.7% to $29.1 million due to higher water sales and customer growth.
- Net income rose by 34.4% to $6.8 million compared to the same period last year.
- Diluted net income per share increased to $0.66 from $0.49 year-over-year.
- Water sales revenue increased by 11.3% due to temporary and final rate increases and higher consumption.
Headline financials
Revenue & EPS history
Artesian · Revenue · Quarterly
$29.1M
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
Artesian is focused on investing in water quality initiatives and managing regulatory changes, with continued growth expected.
Tailwinds
- Proactive investment in water quality initiatives.
- Addressing PFAS contamination and lead in water service lines.
- Working to identify and mitigate lead service line risks.
- Ongoing efforts to ensure high-quality reliable service.
- Continued investment in water and wastewater infrastructure.
Headwinds
- Changes in weather impacting operations.
- Changes in contractual obligations.
- Changes in government policies.
- Potential failure to receive regulatory approval.
- Changes in economic and market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.8%
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 | +1.2% | +1.7% | +4.1% | |
| 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% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q2 2010 | +0.2% | — | — |
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