NASDAQ$ARTNA
Artesian Resources Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Artesian Resources Corporation reported increased net income and revenues for the fourth quarter and full year 2024, driven by rate increases, increased consumption, and customer growth.
Artesian Resources Corporation achieved a 10.5% increase in net income for Q4 2024, reaching $3.9 million, and a 9.4% increase in revenues, totaling $26.8 million. These improvements were primarily attributed to a rate increase implemented in November 2023, along with growth in water consumption and customer base.
- Net income for Q4 2024 increased by 10.5% to $3.9 million compared to Q4 2023.
- Revenues for Q4 2024 increased by 9.4% to $26.8 million compared to Q4 2023.
- Water sales revenue rose by 9.7% in Q4 2024 due to a rate increase and higher consumption.
- Operating expenses, excluding depreciation and income taxes, increased by 14.1% in Q4 2024, primarily due to higher payroll, employee benefits, and supply costs.
Headline financials
Revenue & EPS history
Artesian · Revenue · Quarterly
$26.9M
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 Resources Corporation anticipates continued investments in infrastructure and managing rising costs, which will necessitate timely rate filings to ensure reliable service and clean water for customers.
Tailwinds
- Continued focus on critical investments in infrastructure to ensure high-quality reliable service.
- Commitment to providing customers with resilient and protective water and wastewater systems.
- Potential for recovery of needed investments in utility plant through timely rate filings.
- Ongoing efforts to manage operational costs.
- Benefit from the settlement with the Delaware Public Service Commission regarding the 2023 rate filing.
Headwinds
- Rising costs for energy and water treatment continue to pressure operating margins.
- Ongoing needed investments in infrastructure will require significant capital outlays.
- The necessity of timely rate filings to recover investments and increasing operational costs.
- Potential for changes in weather conditions to impact operations.
- Risks associated with changes in contractual obligations and government policies.
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
-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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