Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +9.7% EPS YoY: +34.7% Move: -1.97%

Artesian Resources

ARTNA

$31.85 -1.97%

Exchange NASDAQ Sector Utilities Industry Regulated Water

Q3 2024

Published: Nov 8, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for ARTNA

Reported

Report Date

Nov 8, 2024

Quarter Q3 2024

Revenue

29.14M

YoY: +9.7%

EPS

0.66

YoY: +34.7%

Market Move

-1.97%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $29.14M up 9.7% year-over-year
EPS of $0.66 increased by 34.7% from previous year
Gross margin of 54.2%
Net income of 6.81M
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ARTNA

Company ARTNA

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 31, 2026

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Executive Summary

Artesian Resources Corp. (ARTNA) reported solid Q3 2024 results with meaningful top-line growth and expanded margins, underscored by a regulated, rate-base-driven business model. Revenue of $29.14 million rose approximately 9.68% year-over-year and 6.30% quarter-over-quarter, supported by a gross margin of 54.23% and an operating margin of 29.48%. Net income reached $6.813 million, resulting in basic EPS of $0.66 for the quarter. EBITDA stood at $14.649 million, illustrating ongoing operating efficiency alongside a capital-intensive program that supports rate base growth. Cash flow from operations was robust at $10.662 million, however capital expenditures of $12.562 million drove free cash flow negative by about $1.90 million for the quarter.

Key Performance Indicators

Revenue

Increasing

29.14M

QoQ: 6.30% | YoY: 9.68%

Gross Profit

Increasing

15.80M

54.23% margin

QoQ: 12.15% | YoY: 14.04%

Operating Income

Increasing

8.59M

QoQ: 19.34% | YoY: 28.96%

Net Income

Increasing

6.81M

QoQ: 27.94% | YoY: 34.35%

EPS

Increasing

0.66

QoQ: 26.92% | YoY: 34.69%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $29.14 million; YoY revenue growth: 9.68%; QoQ revenue growth: 6.30%; Gross Profit: $15.804 million; Gross Margin: 54.23%; EBITDA: $14.649 million; EBITDA Margin: 50.27%; Operating Income: $8.59 million; Operating Margin: 29.48%; Net Income: $6.813 million; Net Margin: 23.38%; EPS: $0.66; Weighted Avg Shares: 10.297 million; Interest Expense: $2.193 million; Depreciation & Amortization: $3.289 million; Income Before Tax: $9.168 million; Income Tax Expense: $2.355 million; Net Cash Provided by Operating Activities: $10.662 million; Capital Expenditures: $(12.562) million; Free Cash Flow: $(1.899) million; Cash and Cash Equivalents: $10.703 million; Total Assets: $796.02 million; Total Liabilities: $557.706 million; Total Debt: $183.633 million; Debt to Capitalization: 0.435; Current Ratio: 1.225; Quick Ratio: 1.066; Cash Ratio: 0.382; Interest Coverage: 3.92; P/B: 1.606; P/E: 14.05; Dividend Yield: 0.795%.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	29.14M	9.68%	6.30%
Gross Profit	15.80M	14.04%	12.15%
Operating Income	8.59M	28.96%	19.34%
Net Income	6.81M	34.35%	27.94%
EPS	0.66	34.69%	26.92%

Key Financial Ratios

Gross Profit Margin

Good

54.20%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Excellent

29.50%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

23.40%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

0.86%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.86%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.23

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Elevated

0.77

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Value

14.05x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.61x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	25.89	0.53	+5.5%	View
Q4 2024	26.85	0.37	+9.4%	View
Q3 2024	29.14	0.66	+9.7%	View
Q2 2024	27.42	0.52	+8.6%	View
Q1 2024	24.54	0.43	+9.1%	View

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Artesian Resources Corporation (ARTNA) QQ1 2024 Results: Steady Regulated Growth and Solid Cash Flow Drive Modest Profit Expansion...

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Artesian Resources (ARTNA) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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