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Artesian Resources Corporation

NASDAQ•ARTNA
CEO: Ms. Nicholle R. Taylor
Sector: Utilities
Industry: Regulated Water
Listing Date: 1994-04-28
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2023, it served approximately 95,900 customers in Delaware; 2,600 customers in Maryland; and 40 customers in Pennsylvania through 1,470 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Contact Information
664 Churchmans Road, Newark, DE, 19702, United States
302-453-6900
www.artesianwater.com
Market Cap
$338.25M
P/E (TTM)
14.8
21.4
Dividend Yield
3.8%
52W High
$36.19
52W Low
$30.50
52W Range
39%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$28.02M+0.00%
4-Quarter Trend

EPS

$0.40+0.00%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Rises 4.7% Total operating revenues reached $84.9M USD for nine months, marking a $3.8M increase compared to prior year period results.
Net Income Growth Strong Net income applicable to common stock grew $2.1M USD to $18.7M USD for nine months, reflecting 12.9% improvement.
Basic EPS Increased to $1.81 Basic earnings per share improved to $1.81 USD for the nine months ended September 30, 2025, up from $1.61 USD.
Capital Spending Increased Capital expenditures rose sharply to $40.5M USD for the nine months, up $9.6M USD from the prior year period for infrastructure renewal.

Risk Factors

Inflation Impacts Operating Costs Inflation drives significantly higher facility replacement costs and operating expenses; recovery depends on timely regulatory rate increase approvals.
Litigation Exposure Remains Company faces litigation risk from PFAS settlements totaling $12.6M USD expected over 8 years, plus ongoing third-party contract dispute claims.
Regulatory Rate Approval Timing Recovery of increased operating costs and capital investments relies on timely approval of rate increase requests from state commissions.

Outlook

Strategic Expansion Focus Strategy centers on increasing customer growth, revenues, and dividends by expanding water, wastewater, and SLP Plan services across Delmarva.
Infrastructure Investment Planned Future plans include significant capital projects for water/wastewater infrastructure improvements and mandated PFAS treatment system upgrades through 2028.
New Equity Plan Approved Stockholders approved the 2025 Equity Compensation Plan replacing the 2015 Plan, allowing future grants of options and restricted stock awards.

Peer Comparison

Revenue (TTM)

NFE stock ticker logoNFE
$1.78B
-27.2%
GNE stock ticker logoGNE
$483.28M
+13.1%
MNTK stock ticker logoMNTK
$176.38M
+0.4%

Gross Margin (Latest Quarter)

MNTK stock ticker logoMNTK
113.0%
-16.9pp
YORW stock ticker logoYORW
109.3%
-1.2pp
PCYO stock ticker logoPCYO
68.4%
+4.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CWCO$553.30M32.87.8%1.3%
YORW$454.69M22.68.5%33.4%
CDZI$430.72M-12.8-93.5%70.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.7%
Moderate Growth
4Q Net Income CAGR
-8.7%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Deep Research

Next earnings:Mar 24, 2026
|
EPS:$0.37
|
Revenue:$28.00M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data