Artesian Earnings Reports

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.

Artesian Resources Corporation reported a strong third quarter in 2024, with a 9.7% increase in revenues to $29.1 million and a 34.4% increase in net income to $6.8 million, driven by higher water sales and effective expense management.

Artesian Resources Corporation reported an 8.6% increase in revenue and a 19.9% increase in net income for the second quarter of 2024. The growth was primarily driven by a temporary rate increase, customer growth, and warmer, drier weather leading to increased water consumption.

Artesian Resources Corporation reported a strong first quarter in 2024, with a 9.1% increase in revenues to $24.5 million and a 19.1% increase in net income to $4.4 million compared to the same period in 2023. The diluted net income per share also increased by 10.3% to $0.43.