NASDAQ$ARTNA

Artesian Resources Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Artesian Resources reported Q4 2024 revenue of $108.0M, net income of $20.4M, diluted EPS of $1.98.

For Q4 2024, Artesian Resources reported Revenue was $108.0M, net income was $20.4M, diluted EPS was $1.98. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $108.0M for Q4 2024.
  • Net income $20.4M.
  • Diluted EPS $1.98.

Headline financials

Total Revenue

$108M

Previous: $24.5M+340.0%
EPS (adj)

$1.98

Previous: $0.34+482.4%
Utility operating expenses

$13.5M

Previous: $11.7M+15.5%
Non-utility operating expenses

$1.27M

Previous: $1.1M+15.5%
Depreciation and amortization

$3.45M

Previous: $3.45M-0.0%
State and federal income taxes

$1.33M

Previous: $1.19M+11.9%
Property and other taxes

$1.62M

Previous: $1.57M+2.9%
AFUDC

$517K

Previous: $309K+67.3%
Interest charges

$2.25M

Previous: $2.2M+2.3%
Weighted avg shares basic

10.3M

Previous: 10.3M+0.2%
Weighted avg shares diluted

10.3M

Previous: 10.3M+0.2%
Utility plant net

$747M

Previous: $714M+4.6%
Current assets

$24.5M

Previous: $30.6M-19.9%
Regulatory assets net

$26.9M

Previous: $21.9M+22.7%
Stockholders' equity

$239M

Previous: $230M+3.8%
Long-term debt net

$177M

Previous: $178M-1.0%
Current liabilities

$25.6M

Previous: $22.4M+14.2%
Net advances for construction

$1.58M

Previous: $2.8M-43.4%
Contributions in aid of construction

$272M

Previous: $248M+9.9%
Other liabilities

$83.3M

Previous: $85M-1.9%
Net Income

$20.4M

Previous: $3.48M+486.2%
Operating Income

$5.65M

Previous: $6.71M-15.8%

Revenue & EPS history

Artesian · Revenue · Quarterly

$108M

Q4 2024+340%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Artesian · $28.5M total across 3 segments · Q2 2025

  • Water sales
    $23.1M
  • Other utility operating
    $3.64M
  • Non-utility operating
    $1.83M

Forward guidance

The filing discusses operating priorities, capital returns, and sector demand trends.

Tailwinds

  • Management outlines strategic priorities and cost actions.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

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 2024

Historical avgQ4 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

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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