Artesian Resources Q1 net income up 19% to $4.4M; EPS $0.43 vs $0.39

ARTESIAN RESOURCES CORP

2024-Q1 EPS reported $0.43 revenue$24,544,000

Net income $4.4M, up 19.1% YoY; diluted EPS $0.43, up 10.3% from $0.39.
Revenue $24.5M, up 9.1% YoY; water sales up 10% on temporary 7.5% rate increase.
Operating expenses up 5.6% driven by water treatment costs, payroll, and benefits.
Capital expenditures $8.9M in Q1; construction began on Sussex Regional Recharge Facility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARTESIAN RESOURCES CORP reported financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

On May 6, 2024, Artesian Resources Corporation (“Artesian Resources” or the “Company”) issued a press release announcing its earnings for the first quarter ended March 31, 2024.

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ARTESIAN RESOURCES CORP filing history →

Source: SEC EDGAR

accession 0000863110-24-000014

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