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
Market Cap
$338.33M
P/E (TTM)
14.5
22.1
Dividend Yield
3.8%
52W High
$34.90
52W Low
$30.50
52W Range
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
Q1 2026 Data
Revenue
$27.77M+0.00%
4-Quarter Trend
EPS
$0.58+0.00%
4-Quarter Trend
FCF
-$4.50M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue Rises 4.6% Total operating revenues reached $112.94M in 2025, marking a 4.6% increase over 2024 revenues.
Net Income Grows 11.9% Net income applicable to common stock increased to $22.82M in 2025, reflecting strong 11.9% growth.
Operating Cash Flow Strengthens Cash provided by operating activities was $40.35M in 2025, up from $36.82M in the prior year.
Water Customer Base Expands Delaware and Maryland water customers increased by approximately 1.8% each as of December 31, 2025.
Risk Factors
Weather Impacts Demand Water sales are subject to seasonal fluctuations; cooler summer temperatures or higher rainfall may adversely affect demand and revenues.
Infrastructure Aging Costs Aging infrastructure risks service disruptions, leading to increased capital expenditures and operation/management costs impacting financial results.
Regulatory Rate Recovery Uncertainty Ability to recover investments and operating costs relies on timely and adequate rate increase approvals from regulatory commissions.
Inflationary Cost Pressures Increased costs for materials, fuel, and treatment chemicals due to inflation may adversely affect operations if not recovered via rates.
Outlook
Utility Capital Investment Planned Projected net investment in utility plant for 2026 is approximately $64.3M, focusing on infrastructure improvements and expansion.
Wastewater Treatment Expansion New 625,000 GPD regional wastewater treatment facility completed in Q1 2026, with next phase planned for February 2026.
Strategic Delmarva Growth Focus Strategy centers on increasing customer growth, revenues, and dividends by expanding water, wastewater, and SLP Plan services.
Credit Lines Expect Renewal Expect renewal of key credit facilities, including the $40M Citizens Bank line expiring in May 2026 and CoBank line in October 2026.
Peer Comparison
Revenue (TTM)
$1.25B
$507.21M
$180.21M
Gross Margin (Latest Quarter)
70.1%
50.5%
36.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| YORW | $485.63M | 20.3 | 8.9% | 34.4% |
| CWCO | $481.77M | 27.7 | 7.9% | 1.1% |
| GNE | $372.03M | 21.4 | 7.6% | 0.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.9%
Flat Growth
4Q Net Income CAGR
-1.9%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data