Filing Flows › Artesian Resources (ARTNA) › Q1 2025
Artesian Resources (ARTNA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Artesian Resources (ARTNA) reported revenue of $25.9M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -4% from the quarter before. Operating margin was 21.4%, net earnings $5.4M (21.0% of revenue).
Artesian Resources, Q1 2025: revenue $25.9M (+6% year over year), operating margin 21.4%, net earnings $5.4M, operating cash flow $11.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.9M | -4% | +5% |
| Operating profit | $5.5M | -2% | +18% |
| Net earnings | $5.4M | +41% | +23% |
| Operating cash flow | $11.0M | +64% | -13% |
| Free cash flow | $560K | — | -85% |
What changed
Revenue was $25.9M in Q1 2025, up 5% year over year and down 4% from the previous quarter. Water Sales was the largest line at 80% of revenue. Water Sales added $862K year over year (up 4%), 64% of the total change.
Operating profit was $5.5M, a 21.4% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 19% margin then. Total costs grew 3% against revenue growth of 5%. Net earnings were $5.4M, up 23% year over year. The effective tax rate was 0.0%.
Operating cash flow was $11.0M (down 13% year over year), 202% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $46K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $10.4M left free cash flow of $560K.
Questions
What was Artesian Resources' revenue in the first quarter 2025?
Artesian Resources (ARTNA) reported revenue of $25.9M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -4% from the quarter before.
Was Artesian Resources profitable in the first quarter 2025?
Operating profit was $5.5M (21.4% of revenue) and net earnings $5.4M.
Source: Artesian Resources 10-Q on SEC EDGAR.