Artesian Resources (ARTNA) Reports Q4 EPS of $0.21

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Go back to Artesian Resources (ARTNA) Reports Q4 EPS of $0.21

Artesian Resources Corporation Reports 4th Quarter and 2015 Year End Earnings

March 9, 2016 5:16 PM EST

NEWARK, Del., March 09, 2016 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (NASDAQ: ARTNA), a leading provider of water, wastewater services and related services on the Delmarva Peninsula, today announced revenue and income for 2015. Revenues were $77.0 million, up 6.3% from $72.5 million in 2014. Net income increased 18.9% to $11.3 million, compared to $9.5 million in 2014.  Diluted net income per common share was up 17.8% at $1.26 for 2015 compared to $1.07 for 2014. 

Water sales revenues increased 6.6% to $68.9 million in 2015 from $64.7 million in 2014. The increase in water sales resulted primarily from two incremental rate increases in Delaware in 2014.

Non-utility... More