NASDAQ$ARTNA

Artesian Resources Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Headline financials

Total Revenue

$24.5M

Previous: $25.1M-2.3%
EPS (adj)

$0.34

Previous: $0.24+41.7%
Utility operating expenses

$11.7M

No prior period
Non-utility operating expenses

$1.1M

No prior period
Depreciation and amortization

$3.45M

No prior period
State and federal income taxes

$1.19M

No prior period
Property and other taxes

$1.57M

No prior period
AFUDC

$309K

No prior period
Interest charges

$2.2M

No prior period
Weighted avg shares basic

10.3M

No prior period
Weighted avg shares diluted

10.3M

No prior period
Utility plant net

$714M

No prior period
Current assets

$30.6M

No prior period
Regulatory assets net

$21.9M

No prior period
Stockholders' equity

$230M

No prior period
Long-term debt net

$178M

No prior period
Current liabilities

$22.4M

No prior period
Net advances for construction

$2.8M

No prior period
Contributions in aid of construction

$248M

No prior period
Other liabilities

$85M

No prior period
Capital Expenditures

$13.3M

Previous: $11.8M+12.8%
Free Cash Flow

-$4.85M

Previous: -$12.6M+61.5%
Net Income

$3.48M

Previous: $2.33M+49.7%
Operating Income

$6.71M

Previous: $4.24M+58.3%
Gross Profit

$8.28M

Previous: $9.91M-16.5%
Cash & Equivalents

$2.51M

Previous: $1.31M+91.4%
Total Assets

$767M

Previous: $720M+6.5%
Stock-Based Comp

$69K

Previous: -$10K+790.0%

Revenue & EPS history

Artesian · Revenue · Quarterly

$24.5M

Q4 2023-2.3%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Artesian · $24.5M total across 3 segments · Q4 2023

  • Water sales
    $19.7M
  • Other utility operating
    $3.11M
  • Non-utility operating
    $1.69M

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 Q4 2023

Historical avgQ4 2023

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
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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