Artesian Resources Q3 net income rises 34.4% to $6.8M; EPS $0.66

ARTESIAN RESOURCES CORP

2024-Q3 EPS reported $1.61 revenue$81,102,000

Q3 net income $6.8M, +34.4% YoY; diluted EPS $0.66 vs $0.49.
Q3 revenue $29.1M, +9.7% YoY; driven by 14.6% temporary rate increase and 15.2% final approved rates.
YTD net income $16.5M, +25.2% YoY; diluted EPS $1.61 vs $1.33.
YTD revenue $81.1M, +9.1% YoY; capital expenditures $30.9M in infrastructure.
CEO cites new customers, higher consumption, and successful rate case resolution.

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