Highest-materiality recent filing
Artesian Resources reports FY2025 diluted EPS $2.21 (+11.6% YoY), revenue $112.9M (+4.6%)
FY2025 net income $22.8M (+11.9% YoY); diluted EPS $2.21 vs $1.98.
Artesian Q3 EPS $0.68 (+3% YoY); net income $7.0M (+2.2%); YTD EPS $1.81 (+12.4%)
Q3 revenue $30.5M (+4.6% YoY) driven by temporary rate hike and customer growth.
Artesian Resources Q2 net income up 18.1% to $6.3M; EPS $0.61 (+17.3%)
Diluted EPS $0.61 vs $0.52; revenue $28.5M (+4.1%) on DSIC, temporary 1.22% rate increase, customer growth.
Artesian Resources Q1 net income up 23% to $5.4M; files for 10.75% rate hike
Diluted EPS $0.53 vs $0.43 YoY; revenue $25.9M (+5.5%).
Artesian Water files for 12.41% revenue increase (~$10.8M) with Delaware PSC
Requests $10.8M annualized revenue increase (12.41%); net increase after DSIC is 10.75%.
Artesian Resources reports FY2024 net income $20.4M (+22.1%); diluted EPS $1.98
Full-year revenue $108.0M, up 9.2% YoY; Q4 revenue $26.8M, up 9.4%.
Artesian Resources finalizes retirement agreement with former CEO Dian C. Taylor, effective March 24
Dian C. Taylor retired as CEO and President on February 22, 2025.
Nicholle R. Taylor appointed CEO and President effective Feb 22, 2025, previously interim since Jan 3.
CEO Dian C. Taylor on paid leave; niece Nicholle R. Taylor named interim CEO
Dian C. Taylor, CEO, President and Chair, began paid leave from CEO/President roles on Jan 3, 2025.
Artesian Resources Q3 net income rises 34.4% to $6.8M; EPS $0.66
Q3 net income $6.8M, +34.4% YoY; diluted EPS $0.66 vs $0.49.
Artesian Resources Q2 net income up 19.9% to $5.3M; EPS $0.52 vs $0.44
Q2 net income $5.3M (+19.9% YoY); diluted EPS $0.52 (+18.2%).
Delaware PSC approves $11.2M annual rate increase for Artesian Water, effective June 12
Final DEPSC order approves settlement for $11.2M annualized revenue increase (15.2%), effective June 12, 2024.
Artesian Resources settles rate case; $11.2M revenue increase effective June 12
Settlement authorizes $11.2M annual revenue increase (15.2%) effective June 12, 2024.
Artesian Resources prices ~$34.8M public offering of Class A non-voting shares at $50/share
Priced 695,650 Class A non-voting shares at $50/share, gross proceeds ~$34.8M; closing May 23.
Artesian Resources files for 23.84% water rate increase in Delaware, first in 9 years
Requested annual revenue increase of ~$17.5M (23.84%) from Delaware PSC; last rate case was in 2014.
Artesian Resources enters settlement for Superfund site; to receive ~$10M in past cost reimbursement
Consent Decree approved July 19, 2022; Trust to pay Artesian Water ~$10.0M for past capital and operating costs.
Artesian subsidiary to acquire Tidewater Environmental Services for $6.4M
Artesian Wastewater Management to acquire TESI from Middlesex Water for $6.4M cash and forgiveness of $2.1M intercompany note.
Ms. Taylor retired from her employment with the Company and its affiliates as of February 22, 2025.
As of February 22, 2025, Dian C. Taylor is no longer serving as the Company’s Chief Executive Officer and President.
On February 22, 2025, the Board of Directors (the “Board”) of Artesian Resources Corporation (the “Company”) appointed Nicholle R. Taylor to serve as the Company’s Chief Executive Officer and President.
On February 4, 2025, Kenneth R. Biederman informed the board of directors (the “Board”) of Artesian Resources Corporation (the “Company”) of his decision to resign as a director of the Company, including from his positions as a member of the Audit Committee, the Budget and Finance Committee, the Compensation Committee, and the Governance and Nominating Committee of the Board, effective May 6, 2025
On January 3, 2025, Dian C. Taylor, Chief Executive Officer, President and Chair of the Board of Directors ("Board") of Artesian Resources Corporation (the "Company"), began a paid leave from her positions as Chief Executive Officer and President.
Effective as of January 3, 2025, the Company’s Board of Directors appointed Nicholle R. Taylor to serve as the Company’s interim Chief Executive Officer, President and principal executive officer until Dian C. Taylor’s leave ends.
On August 4, 2021, the Board of Directors of Artesian Resources Corporation (the “Company”) appointed Nicholle R. Taylor, President of Artesian Water Company Inc., the principal subsidiary of the Company, effective August 16 , 2021.
Max materiality 0.70 · Median 0.55 · Most common event earnings