Artesian Resources Corporation Reports 2023 Year-End Earnings and Fourth Quarter Results
Artesian Resources Corporation - Class A Non-Voting (ARTNA)
US:NASDAQ Investor Relations:
apam.com
Company Research
Source: GlobeNewswire
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 31, 2023. Year End Results Net income was $16.7 million, a $1.3 million, or 7.2%, decrease compared to net income recorded during the twelve months ended December 31, 2022. Diluted net income per share decreased to $1.67, compared to $1.90 for the same period in 2022. Revenues totaled $98.9 million for both the year ended December 31, 2023 and December 31, 2022, respectively: Water sales revenue increased $1.7 million, or 2.2%, primarily related to a temporary net rate increase of 7.50% of gross water sales placed into effect on November 28, 2023, as permitted under Delaware law, until permanent rates are determined by the Delaware Public Service Commission, or DEPSC, and an increase in overall wa
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News
- Artesian Resources Co. (NASDAQ: ARTNA) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Artesian Resources Co. (NASDAQ: ARTNA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Artesian Water Company Prepared to Fully Comply with EPA's New PFAS Drinking Water Standard [Yahoo! Finance]Yahoo! Finance
- Artesian Water Company Prepared to Fully Comply with EPA’s New PFAS Drinking Water StandardGlobeNewswire
- Artesian Resources Corporation 2023 Annual Report Available Electronically to Shareholders [Yahoo! Finance]Yahoo! Finance
ARTNA
Earnings
- 11/6/23 - Beat
ARTNA
Analyst Actions
- 2/6/24 - TheStreet
ARTNA
Sec Filings
- 3/18/24 - Form 10-K
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- ARTNA's page on the SEC website