See more : Electro Optic Systems Holdings Limited (EOS.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)
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 |
The Board of Directors of Artesian Resources Corporation names Jennifer L. Finch Corporate Treasurer and Senior Vice President of Finance
NEWARK, Del., Dec. 07, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA), which includes operations in Delaware, Maryland and Pennsylvania, announced that Jennifer L. Finch, CPA, was named Corporate Treasurer and Senior Vice President...
Artesian Resources Corporation Reports Year-to-Date and Third Quarter Results for 2020
NEWARK, Del., Nov. 04, 2020 (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 2020.
4 Upcoming Dividend Increases
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Artesian Resources Corporation announces a 3% increase in Common Stock Dividend
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State Street Corp Has $6.46 Million Stock Holdings in Artesian Resources Co. (NASDAQ:ARTNA)
State Street Corp lifted its stake in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 0.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,859 shares of the utilities provider’s...
Source: https://incomestatements.info
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