Artesian Resources Corporation (ARTNA) Income Statement Analysis

See more : Silver Mines Limited (SVL.AX) Income Statement Analysis – Financial Results

Complete financial analysis of Artesian Resources Corporation (ARTNA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Artesian Resources Corporation, a leading company in the Regulated Water industry within the Utilities sector.

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Artesian Resources Corporation (ARTNA)

Industry: Regulated Water

Sector: Utilities

Website: https://www.artesianresources.com

About Artesian Resources Corporation

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	98.86M	98.90M	90.86M	88.14M	83.60M	80.41M	82.24M	79.09M	77.02M	72.47M	69.07M	70.56M	65.07M	64.89M	60.91M	56.19M	52.52M	48.59M	45.29M	39.58M	36.30M	34.60M	31.99M	27.55M	26.80M	25.50M	22.30M	20.90M	22.60M
Cost of Revenue	50.63M	50.62M	45.36M	43.62M	42.50M	41.21M	41.05M	38.26M	38.45M	37.09M	36.63M	36.22M	35.45M	34.71M	32.37M	0.00	0.00	2.42M	0.00	0.00	0.00	18.33M	543.00K	15.40M	14.69M	0.00	0.00	0.00	0.00
Gross Profit	48.23M	48.28M	45.50M	44.53M	41.09M	39.20M	41.18M	40.83M	38.57M	35.38M	32.44M	34.35M	29.62M	30.17M	28.54M	56.19M	52.52M	46.17M	45.29M	39.58M	36.30M	16.26M	31.44M	12.15M	12.11M	25.50M	22.30M	20.90M	22.60M
Gross Profit Ratio	48.78%	48.81%	50.08%	50.52%	49.15%	48.75%	50.08%	51.62%	50.08%	48.82%	46.97%	48.67%	45.52%	46.50%	46.86%	100.00%	100.00%	95.02%	100.00%	100.00%	100.00%	47.01%	98.30%	44.11%	45.19%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	175.00K	178.00K	179.00K	200.00K	200.00K	200.00K	200.00K	200.00K
Other Expenses	25.78M	18.49M	17.47M	16.55M	15.99M	953.00K	226.00K	557.00K	472.00K	524.00K	548.00K	713.00K	15.89M	15.90M	14.90M	39.85M	36.62M	32.91M	31.30M	26.82M	25.38M	23.42M	22.22M	19.54M	18.40M	17.70M	16.30M	15.50M	17.60M
Operating Expenses	25.78M	18.49M	17.47M	16.55M	15.99M	15.26M	14.29M	13.68M	13.21M	12.96M	12.37M	11.88M	15.89M	15.90M	14.90M	39.85M	36.62M	32.91M	31.30M	26.82M	25.38M	23.60M	22.40M	19.72M	18.60M	17.90M	16.50M	15.70M	17.80M
Cost & Expenses	76.42M	69.11M	62.83M	60.16M	58.49M	56.47M	55.34M	51.94M	51.66M	50.04M	49.00M	48.09M	51.33M	50.62M	47.27M	39.85M	36.62M	32.91M	31.30M	26.82M	25.38M	23.60M	22.40M	19.72M	18.60M	17.90M	16.50M	15.70M	17.80M
Interest Income	0.00	8.50M	7.59M	7.62M	7.02M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	9.16M	8.50M	7.59M	7.62M	7.02M	6.25M	6.18M	6.64M	7.00M	7.39M	7.06M	7.05M	7.29M	7.30M	7.22M	6.61M	6.31M	6.34M	6.12M	5.94M	4.89M	4.39M	4.54M	4.06M	6.28M	3.20M	0.00	2.50M	2.80M
Depreciation & Amortization	13.34M	12.62M	11.89M	11.14M	10.80M	10.29M	9.56M	9.19M	8.84M	8.67M	8.25M	7.93M	7.41M	7.03M	6.56M	5.78M	5.16M	4.61M	4.36M	4.05M	3.64M	3.24M	2.85M	2.54M	2.30M	2.10M	2.20M	2.30M	2.40M
EBITDA	42.13M	42.40M	39.92M	39.12M	35.91M	34.23M	36.45M	36.34M	34.20M	31.09M	28.32M	31.11M	20.85M	20.65M	19.37M	17.69M	21.06M	20.29M	18.06M	16.64M	14.55M	14.39M	12.50M	10.54M	10.50M	9.70M	8.00M	7.50M	7.20M
EBITDA Ratio	42.61%	44.16%	45.36%	45.49%	43.69%	43.76%	44.60%	46.65%	45.02%	43.63%	41.80%	44.09%	32.04%	31.83%	31.79%	38.71%	39.19%	41.10%	39.88%	42.05%	39.96%	40.50%	39.09%	38.09%	38.81%	38.04%	35.87%	35.89%	31.86%
Operating Income	22.45M	23.91M	22.29M	22.30M	19.93M	18.96M	19.60M	18.82M	17.58M	16.05M	14.48M	15.86M	13.74M	14.27M	13.65M	16.33M	15.90M	15.68M	13.99M	12.77M	10.92M	11.00M	9.59M	7.83M	8.20M	7.60M	5.80M	5.20M	4.80M
Operating Income Ratio	22.70%	24.17%	24.54%	25.29%	23.84%	23.57%	23.83%	23.79%	22.83%	22.14%	20.97%	22.47%	21.11%	21.99%	22.40%	29.07%	30.27%	32.28%	30.89%	32.25%	30.08%	31.79%	29.97%	28.42%	30.60%	29.80%	26.01%	24.88%	21.24%
Total Other Income/Expenses	601.00K	-30.00K	270.00K	206.00K	181.00K	314.00K	1.68M	2.47M	1.51M	-165.00K	-595.00K	607.00K	-6.99M	-6.65M	835.00K	-1.06M	-5.50M	-5.72M	-5.61M	-5.47M	-4.61M	-4.01M	-4.08M	-3.76M	-3.20M	-3.10M	-2.60M	-2.40M	-2.80M
Income Before Tax	23.05M	23.88M	22.56M	22.50M	20.11M	19.27M	21.28M	21.29M	19.09M	15.88M	13.89M	16.46M	14.04M	14.92M	14.48M	10.85M	10.40M	9.96M	8.38M	7.29M	6.30M	6.99M	5.51M	4.07M	5.00M	4.50M	3.20M	2.80M	2.00M
Income Before Tax Ratio	23.31%	24.14%	24.83%	25.53%	24.05%	23.96%	25.87%	26.91%	24.78%	21.92%	20.11%	23.33%	21.57%	22.99%	23.77%	19.30%	19.79%	20.50%	18.51%	18.43%	17.37%	20.21%	17.21%	14.77%	18.66%	17.65%	14.35%	13.40%	8.85%
Income Tax Expense	6.35M	5.88M	5.74M	5.68M	5.18M	4.99M	7.30M	8.33M	7.78M	6.38M	5.59M	6.62M	6.99M	6.65M	6.38M	4.43M	4.13M	3.89M	3.35M	2.89M	2.39M	2.83M	2.18M	1.62M	2.00M	1.80M	1.20M	1.10M	800.00K
Net Income	16.70M	18.00M	16.83M	16.82M	14.93M	14.28M	13.98M	12.95M	11.31M	9.51M	8.30M	9.85M	6.75M	7.62M	7.26M	6.42M	6.26M	6.07M	5.04M	4.40M	3.92M	4.17M	3.32M	2.45M	3.00M	2.70M	2.00M	1.70M	1.20M
Net Income Ratio	16.89%	18.20%	18.52%	19.08%	17.85%	17.76%	17.00%	16.38%	14.68%	13.12%	12.02%	13.95%	10.37%	11.74%	11.92%	11.42%	11.92%	12.50%	11.12%	11.12%	10.79%	12.04%	10.38%	8.90%	11.19%	10.59%	8.97%	8.13%	5.31%
EPS	1.67	1.90	1.79	1.80	1.61	1.55	1.52	1.42	1.26	1.07	0.95	1.14	0.83	1.01	0.97	0.87	0.92	1.00	0.84	0.75	0.66	0.78	0.71	0.53	0.66	0.65	0.48	0.47	0.47
EPS Diluted	1.67	1.90	1.79	1.80	1.60	1.54	1.51	1.41	1.26	1.07	0.94	1.13	0.83	1.00	0.97	0.86	0.90	0.97	0.81	0.72	0.64	0.76	0.70	0.52	0.65	0.64	0.48	0.47	0.47
Weighted Avg Shares Out	10.02M	9.46M	9.39M	9.33M	9.28M	9.24M	9.18M	9.10M	8.96M	8.88M	8.77M	8.67M	8.12M	7.56M	7.45M	7.35M	6.79M	6.06M	5.98M	5.87M	5.82M	5.30M	4.58M	4.52M	4.41M	4.04M	3.99M	3.39M	2.33M
Weighted Avg Shares Out (Dil)	10.02M	9.48M	9.43M	9.37M	9.33M	9.29M	9.24M	9.16M	9.01M	8.93M	8.84M	8.72M	8.16M	7.62M	7.51M	7.43M	6.94M	6.24M	6.18M	6.11M	5.99M	5.42M	4.67M	4.60M	4.49M	4.09M	3.99M	3.39M	2.33M

Artesian Resources Corporation Reports First Quarter 2024 Results

May 6, 2024globenewswire.com

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first...

Artesian Water Company Prepared to Fully Comply with EPA's New PFAS Drinking Water Standard

April 10, 2024globenewswire.com

NEWARK, Del., April 10, 2024 (GLOBE NEWSWIRE) -- Artesian Water Company, Inc. (Artesian), a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water services on the Delmarva Peninsula, announced that it is well-prepared to meet the U.S....

Artesian Resources Corporation 2023 Annual Report Available Electronically to Shareholders

April 10, 2024globenewswire.com

NEWARK, De., April 10, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (NASDAQ: ARTNA), a leading provider of water and wastewater services, and a number of other related core business services, on the Delmarva Peninsula, today announced that its 2023 Annual...

Artesian Resources Corporation Reports 2023 Year-End Earnings and Fourth Quarter Results

March 13, 2024globenewswire.com

NEWARK, Del., March 13, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced earnings results for the fourth quarter and year ended December...

3 Growth Stocks to Buy at an All-Time Low in February (or 52-Week Low)

February 9, 2024investorplace.com

To operate in the market as an investor, there are many strategies, both technical and fundamental. Savvy investors should rely on both when making investment decisions.

Artesian Resources Is An Attractive Investment Opportunity

January 31, 2024seekingalpha.com

Artesian Resources Corporation is a holding company that provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company's revenue growth has been lower in recent years, but it has potential for growth due to population growth and...

Artesian Resources Corporation Declares Common Stock Dividend

January 29, 2024globenewswire.com

NEWARK, Del., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has declared a regular quarterly dividend on the company's Class A and Class B Common Stock. The quarterly dividend of...

Artesian Resources Corporation Reports Third Quarter and Year-To-Date 2023 Results

November 6, 2023globenewswire.com

NEWARK, Del., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced third quarter and year-to-date results for 2023.

Artesian Resources Corporation Announces Second 2% Increase This Year in Quarterly Common Stock Dividend

November 6, 2023globenewswire.com

NEWARK, Del., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has approved a 2% increase in the quarterly common stock dividend. This increase will raise the quarterly dividend to $0.2897...