Artesian Resources Corporation ( (ARTNA) ) has released its Q3 earnings. Here is a breakdown of the information Artesian Resources Corporation presented to its investors.
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Artesian Resources Corporation is a utility company specializing in water and wastewater services across Delaware, Maryland, and Pennsylvania, known for its comprehensive contract operations and infrastructure development. In the latest quarterly report ending September 30, 2024, Artesian Resources Corporation reported an increase in operating revenues to $29.1 million, up from $26.6 million in the same period last year, driven by higher water sales and utility operating revenues. Net income applicable to common stock rose to $6.8 million, compared to $5.1 million in the previous year, reflecting improved operational efficiency and increased customer base. The company also maintained a steady cash flow from operating activities, amounting to $30.1 million for the first nine months of 2024. Artesian Resources Corporation’s management remains optimistic about future growth prospects, focusing on maintaining service reliability and expanding its customer base across its service regions.
