Artesian Resources Corporation ( (ARTNA) ) has released its Q4 earnings. Here is a breakdown of the information Artesian Resources Corporation presented to its investors.
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Artesian Resources Corporation is a leading provider of water and wastewater services on the Delmarva Peninsula, known for its extensive infrastructure investments and commitment to public health and environmental protection. Artesian Resources Corporation reported a significant increase in earnings for the year 2024, with a net income of $20.4 million, marking a 22.1% rise from the previous year. The company also saw a 9.2% increase in revenues, totaling $108.0 million, driven by a rate increase and higher water consumption. Key financial metrics for Artesian Resources in 2024 included a notable increase in water sales revenue by 10.1%, alongside a rise in utility operating expenses by 7.8%. The company invested $45.9 million in infrastructure, focusing on enhancing the resilience and quality of its services. Looking ahead, Artesian Resources Corporation remains focused on strategic investments in infrastructure to maintain reliable service and manage rising operational costs, as highlighted by the management’s outlook for continued growth and service expansion.