See more : Doseology Sciences Inc. (MOOD.CN) 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)
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 |
Why Artesian Resources (ARTNA) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Artesian Resources (ARTNA) have what it takes?
Why Artesian Resources (ARTNA) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Artesian Resources (ARTNA) have what it takes?
7 Best Clean Air and Water Stocks to Buy Now
Water stocks help investors focus on one of the most fundamental aspects of life on Earth. All organisms, including humans, need water to stay alive.
Artesian Resources (ARTNA) Q2 Earnings and Revenues Top Estimates
Artesian Resources (ARTNA) delivered earnings and revenue surprises of 6% and 8.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
The Best Water Utility Stocks in the First Half of 2022
Water stocks, on average, outperformed the broader market by about 4 percentage points in the first half of 2022.
Artesian Resources (ARTNA) Q1 Earnings Miss Estimates
Artesian Resources (ARTNA) delivered earnings and revenue surprises of -4.08% and 5.65%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Artesian (ARTNA) Rewards Shareholders With 2% Dividend Hike
Artesian Resources (ARTNA) management further improves shareholder value by increasing the annualized dividend rate by 2% to $1.09 per share.
ATRNA or SJW: Which Utility Water Supply Stock to Hold Now?
At present, Artesian Resources (ARTNA) appears to be a better choice in the water supply stock when compared with SJW Group (SJW).
Artesian Resources: The Valuation Does Not Provide A Margin Of Safety
ARTNA operates as a monopoly with very little competition, which provides a clear moat to the business. However, the company is confronted with some fundamental headwinds that should put pressure on the valuation going forward.
4 Water Utility Stocks to Watch Amid Industry's Near-Term Woes
Water Utility companies like AWK, WTRG, CWT and ARTNA are poised to benefit from stable demand for water and wastewater services across the United States. Their systematic investments will enable them to serve customers efficiently.
Source: https://incomestatements.info
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