Artesian Resources Corp income statement
In fiscal 2025, Artesian Resources Corp reported revenue of $113m, up 4.6% on the year before, operating income of $27.8m (a 24.6% margin) and net income of $22.8m, or $2.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 61 | 65 | 65 | 71 | 69 | 72 | 77 | 79 | 82 | 80 | 84 | 88 | 91 | 99 | 99 | 108 | 113 | 117 |
| Operating income | 14 | 14 | 14 | 16 | 14 | 16 | 18 | 19 | 20 | 19 | 20 | 22 | 22 | 24 | 22 | 26 | 28 | 29 |
| Interest expense | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 7 | 8 | 8 | 9 | 9 | 9 | 9 | 9 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | −0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 14 | 13 | 11 | 16 | 14 | 16 | 19 | 21 | 21 | 19 | 20 | 23 | — | — | — | — | — | — |
| Income tax | — | — | — | 7 | 6 | 6 | 8 | 8 | 7 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 8 | — |
| Net income | 7 | 8 | 7 | 10 | 8 | 10 | 11 | 13 | 14 | 14 | 15 | 17 | 17 | 18 | 17 | 20 | 23 | 24 |
| Diluted EPS | $0.97 | $1.00 | $0.83 | $1.13 | $0.94 | $1.07 | $1.26 | $1.41 | $1.51 | $1.54 | $1.60 | $1.79 | $1.79 | $1.90 | $1.67 | $1.98 | $2.21 | $2.29 |
| Diluted shares (average) | — | 8m | 8m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 10m | 10m | 10m | 10m |
| EBITDA | 20 | 21 | 21 | 24 | 23 | 25 | 26 | 28 | 29 | 29 | 31 | 33 | 34 | 37 | 36 | 40 | 42 | 43 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 27 | 26 | 29 | 30 | 28 | 28 | 31 |
| Operating income | 9 | 6 | 6 | 8 | 9 | 6 | 6 | 9 |
| Interest expense | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Provision for credit losses | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Income tax | 2 | 1 | — | — | — | — | — | — |
| Net income | 7 | 4 | 5 | 6 | 7 | 4 | 6 | 7 |
| Diluted EPS | $0.66 | $0.37 | $0.53 | $0.61 | $0.68 | $0.40 | $0.57 | $0.64 |
| EBITDA | 12 | 9 | 9 | 11 | 12 | 9 | 10 | 12 |
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