Last $22.12 USD
Change Today -0.03 / -0.14%
Volume 18.6K
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As of 4:00 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

artesian resources corp-cl a (ARTNA) Key Developments

Artesian Resources Corp. Presents at NYSSA 18th Annual Water Conference, Dec-04-2014 10:00 AM

Artesian Resources Corp. Presents at NYSSA 18th Annual Water Conference, Dec-04-2014 10:00 AM. Venue: NYSSA Conference Center, 1540 Broadway, Suite 1010, (entrance on 45th Street), New York, NY 10036, United States. Speakers: David B. Spacht, Chief Financial Officer, Vice President, Treasurer, Chief Financial Officer of Artesian Water Company Inc, Vice President of Artesian Water Company Inc and Treasurer of Artesian Water Company Inc.

Artesian Resources Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Artesian Resources Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Net income for the third quarter of 2014 was $3.3 million, an increase of $0.7 million, or 27.5%, compared to $2.6 million in net income recorded during the third quarter of 2013. Diluted net income per share increased to $0.37 compared to $0.29 for the third quarter of 2013. Revenues for the third quarter of 2014 were $19.6 million, a $1.5 million, or 8.4%, increase from the $18.1 million in revenues recorded for the same three month period of 2013. Water sales revenue increased $1.3 million, or 8.2%, to $17.7 million for the third quarter of 2014, compared to $16.3 million for the same period in 2013. The increase in water sales revenue is attributed to an overall increase in water consumption and increased water rates. Operating income was $5.33 million compared to $4.324 million for the same period of last year. Income before interest charges was $5.45 million compared to $4.39 million for the same period of last year. Through the first nine months of 2014, the company reported net income of $7.4 million, a $0.6 million, or 9.0%, increase from the $6.8 million in the same period of 2013. Diluted net income per common share was $0.83 through the first nine months of 2014 compared to $0.77 during the same period last year. Revenues during the first nine months of 2014 increased 4.2% to $54.4 million compared to $52.2 million in 2013. Water sales revenue increased $1.7 million, or 3.6%, to $48.7 million through the first nine months of 2014, compared to $47.0 million for the same period in 2013, as a result of increased water consumption during the summer of 2014 and an increase in water rates. Operating income was $12.13 million compared to $11.21 million for the same period of last year. Income before interest charges was $12.98 million compared to $12.047 million for the same period of last year.

Artesian Resources Corporation Announces Quarterly Dividend on Class A and Class B Common Stock, Payable November 21, 2014

Artesian Resources Corporation announced that its Board of Directors has approved a 1.5% increase in the company's Class A and Class B Common Stock dividend, raising the annual dividend to $0.8604 per share. The quarterly dividend of $0.2151 is payable November 21, 2014 to shareholders of record at the close of business on November 7, 2014.

Artesian Resources Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Artesian Resources Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income for the second quarter of 2014 was $2.0 million, a decrease of $0.5 million, compared to $2.5 million in net income recorded during the second quarter of 2013. Diluted net income per share decreased to $0.22 compared to $0.28 for the second quarter of 2013. Revenues were $17.9 million, a 0.6% increase from the $17.8 million in revenues recorded for the same three month period of 2013. Operating income was $3.64 million against $4.14 million a year ago. Income before interest charges was $3.70 million against $4.27 million a year ago. For the first six months of 2014, the company had net income of $4.0 million, compared to net income of $4.2 million recorded for the same period of 2013. Diluted earnings per share decreased to $0.45 for the six months ended June 30, 2014 from $0.47 for the six months ended June 30, 2013. Revenues during the first six months of 2014 increased 2.0% to $34.8 million, while operating expenses, excluding depreciation and income taxes, increased 3.3%. Operating income was $6.79 million against $6.88 million a year ago. Income before interest charges was $7.52 million against $7.66 million a year ago.

Artesian Resources Corp. to Report Q2, 2014 Results on Aug 07, 2014

Artesian Resources Corp. announced that they will report Q2, 2014 results After-Market on Aug 07, 2014

 

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