Artesian Resources Corporation (ARTNA)

Artesian Resources Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	111.78	107.95	98.86	98.9	90.86	88.14
Revenue Growth (YoY)	5.80%	9.20%	-0.04%	8.85%	3.08%	5.44%
Depreciation & Amortization	13.72	13.63	13.34	12.62	11.89	11.14
Other Operating Expenses	62.57	60.86	56.73	56.49	50.94	49.02
Total Operating Expenses	76.29	74.49	70.07	69.11	62.83	60.16
Operating Income	35.48	33.47	28.79	29.78	28.03	27.98
Interest Expense	-8.76	-8.78	-9.16	-8.5	-7.59	-7.62
Net Interest Expense	-8.76	-8.78	-9.16	-8.5	-7.59	-7.62
Allowance for Equity Funds for Construction	2.29	1.64	2	1.33	0.82	1.17
Other Non-Operating Income (Expenses)	-0.04	-	-	-	1.3	0.97
EBT Excluding Unusual Items	28.97	26.33	21.64	22.61	22.56	22.5
Other Unusual Items	1.38	1.38	1.41	1.27	-	-
Pretax Income	30.35	27.71	23.05	23.88	22.56	22.5
Income Tax Expense	7.82	7.32	6.35	5.88	5.74	5.68
Net Income	22.53	20.39	16.7	18	16.83	16.82
Net Income to Common	22.53	20.39	16.7	18	16.83	16.82
Net Income Growth	12.50%	22.13%	-7.22%	6.96%	0.06%	12.68%
Shares Outstanding (Basic)	10	10	10	9	9	9
Shares Outstanding (Diluted)	10	10	10	9	9	9
Shares Change (YoY)	0.14%	2.73%	5.71%	0.58%	0.61%	0.46%
EPS (Basic)	2.19	1.98	1.67	1.90	1.79	1.80
EPS (Diluted)	2.18	1.98	1.67	1.90	1.79	1.79
EPS Growth	12.02%	18.78%	-12.27%	6.14%	-	11.88%
Free Cash Flow	-	-9.12	-30.33	-24.22	-9.5	-13.92
Free Cash Flow Per Share	-	-0.89	-3.03	-2.55	-1.01	-1.49
Dividend Per Share	0.301	1.182	1.140	1.090	1.050	1.010
Dividend Growth	-74.25%	3.69%	4.59%	3.81%	3.96%	3.06%
Profit Margin	20.16%	18.89%	16.89%	18.20%	18.52%	19.08%
Free Cash Flow Margin	-	-8.45%	-30.68%	-24.49%	-10.46%	-15.79%
EBITDA	49.18	47.1	42.13	42.4	39.92	39.12
EBITDA Margin	44.00%	43.63%	42.61%	42.88%	43.93%	44.39%
D&A For EBITDA	13.69	13.63	13.34	12.62	11.89	11.14
EBIT	35.48	33.47	28.79	29.78	28.03	27.98
EBIT Margin	31.75%	31.00%	29.13%	30.12%	30.85%	31.74%
Effective Tax Rate	25.77%	26.40%	27.54%	24.62%	25.42%	25.26%
Revenue as Reported	111.78	107.95	98.86	98.9	90.86	88.14

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q