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Artesian Resources Corp  (ARTNA)
Other Ticker:  
 
    Sector  Utilities    Industry Water Supply
   Industry Water Supply
   Sector  Utilities
 
Price: $34.0400 $-0.90 -2.576%
Day's High: $35.11 Week Perf: -5.31 %
Day's Low: $ 33.80 30 Day Perf: -7.8 %
Volume (M): 47 52 Wk High: $ 57.69
Volume (M$): $ 1,614 52 Wk Avg: $43.54
Open: $34.67 52 Wk Low: $33.80



 Market Capitalization (Millions $) 340
 Shares Outstanding (Millions) 10
 Employees 237
 Revenues (TTM) (Millions $) 97
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 42

Artesian Resources Corp

Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater and other services on the Delmarva Peninsula. Our principal subsidiary, Artesian Water Company, Inc., is the oldest and largest investor-owned public water utility on the Delmarva Peninsula, and has been providing superior water service since 1905. We distribute and sell water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers throughout the states of Delaware, Maryland and Pennsylvania. We provide wastewater services to customers in Delaware. In addition, we provide contract water and wastewater operations, and water and sewer Service Line Protection Plans. Our Class A Non-Voting Common Stock is listed on NASDAQ Global Select Market and trades under the symbol "ARTNA."

Artesian Resources Corporation, or Artesian Resources, operates as the parent holding company of Artesian Water Company, Inc., or Artesian Water, Artesian Water Pennsylvania, Inc., or Artesian Water Pennsylvania, Artesian Water Maryland, Inc., or Artesian Water Maryland, Artesian Wastewater Management, Inc., or Artesian Wastewater, Artesian Wastewater Maryland, Inc., or Artesian Wastewater Maryland, each a regulated public utility, and three non-regulated subsidiaries; Artesian Utility Development, Inc., or Artesian Utility, Artesian Development Corporation, or Artesian Development, and Artesian Consulting Engineers, Inc., or Artesian Consulting Engineers. The terms "we," "our" and the "Company" as used herein refer to Artesian Resources and its subsidiaries. The business activity conducted by each of our subsidiaries is discussed below under separate headings.

Artesian Water

Artesian Water, our principal subsidiary, is the oldest and largest public water utility in the State of Delaware and has been providing water service within the state since 1905. Artesian Water distributes and sells water to residential, commercial, industrial, governmental, municipal and utility customers throughout the State of Delaware. In addition, Artesian Water provides services to other water utilities, including operations and billing functions, and also has contract operation agreements with private and municipal water providers. We also provide water for public and private fire protection to customers in our service territories.

Artesian Water Maryland

Artesian Water Maryland began operations in August 2007. Artesian Water Maryland distributes and sells water to residential, commercial, industrial and municipal customers in Cecil County, Maryland.

Artesian Water Pennsylvania

Artesian Water Pennsylvania began operations upon receiving recognition as a regulated public water utility by the Pennsylvania Public Utility Commission, or PAPUC, in 2002. It provides water service to a residential community in Chester County. Artesian Water Pennsylvania filed an application with the PAPUC to increase our service area in Pennsylvania, which was approved and a related order was entered on February 4, 2005. This application involved specific developments, in which we expect modest future growth.

Artesian Wastewater

Artesian Wastewater is a regulated entity that owns wastewater collection and treatment infrastructure and provides wastewater services to customers in Delaware as a regulated public wastewater service company. As of December 31, 2014, Artesian Wastewater owned and operated four wastewater treatment facilities, which are capable of treating approximately 730,000 gallons per day and can be expanded to treat approximately 1.6 mgd.

Artesian Wastewater Maryland

Artesian Wastewater Maryland is a regulated wastewater entity in the State of Maryland and was incorporated on June 3, 2008. Artesian Wastewater Maryland is able to provide public wastewater services to customers in the State of Maryland. It is currently not providing wastewater services in Maryland.

Artesian Utility

Artesian Utility was formed in 1996. It designs and builds water and wastewater infrastructure and provides contract water and wastewater services on the Delmarva Peninsula. Artesian Utility also evaluates land parcels, provides recommendations to developers on the size of water or wastewater facilities and the type of technology that should be used for treatment at such facilities, and operates water and wastewater facilities in Delaware for municipal and governmental organizations. Artesian Utility also contracts with developers for design and construction of wastewater facilities within the Delmarva Peninsula, using a number of different technologies for treatment of wastewater at each facility. In addition, as further discussed below, effective April 2012, Artesian Utility operates the Water Service Line Protection Plan, or WSLP Plan, and the Sewer Service Line Protection Plan, or SSLP Plan.

We currently operate wastewater treatment facilities for the town of Middletown, in southern New Castle County, or Middletown, under a 20-year contract that expires in July 2022. The facilities include two wastewater treatment stations with capacities of up to approximately 2.5 mgd and 250,000 gallons per day, respectively. We also operate a wastewater disposal facility in Middletown in order to support the 2.5 mgd wastewater facility. One of the wastewater treatment facilities in Middletown now provides reclaimed wastewater for use in spray irrigation on public and agricultural lands in the area.

Artesian Utility has operated the WSLP Plan and the SSLP Plan since 2012. Artesian Resources initiated the WSLP Plan in March 2005. The WSLP Plan covers all parts, material and labor required to repair or replace participating customers leaking water service lines up to an annual limit. The WSLP Plan was expanded in the second quarter of 2008 to include maintenance or repair to customers sewer lines. The SSLP Plan covers all parts, material and labor required to repair or replace participating customers leaking or clogged sewer lines up to an annual limit. Also, in the second quarter of 2010, the WSLP Plan and SSLP Plan were extended to include non-utility customers of Artesian Resources. As of December 31, 2014, approximately 18,800, or 27.1%, of our eligible water customers signed up for the WSLP Plan, approximately 14,000, or 20.2%, of our eligible customers signed up for the SSLP Plan and approximately 1,000 non-customer participants signed up for either the WSLP Plan or SSLP Plan.

Artesian Development

Artesian Development is a real estate holding company that owns properties, including land zoned for office buildings, a water treatment plant and wastewater facility, as well as property for current operations, including an office facility in Sussex County, Delaware. The facility consists of approximately 10,000 square feet of office space along with nearly 10,000 square feet of warehouse space. This facility allows all of our Sussex County, Delaware operations to be housed in one central location.

Artesian Consulting Engineers

Artesian Consulting Engineers no longer offers development and architectural services to outside third parties. Artesian will continue to provide design and engineering contract services through our Artesian Utility subsidiary.



   Company Address: 664 Churchmans Road Newark 19702 DE
   Company Phone Number: 453 ? 6900   Stock Exchange / Ticker: NASDAQ ARTNA
   


Customers Net Income grew by ARTNA's Customers Net Profit Margin grew to

84.61 %

8.53 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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CDZI   -7.57%    
PCYO   -0.1%    
SJW   -3.77%    
• View Complete Report
   



Management Announcement

Artesian Water Company Prepares for New EPA Standard, while Artesian Resources Corporation Faces Declining Returns

Published Wed, Apr 10 2024 8:26 PM UTC

Artesian Water Company Prepared to Meet EPA's New PFAS Drinking Water Standard, While Artesian Resources Corporation Faces Declining Returns on Investment
Artesian Water Company, Inc. (Artesian), a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), recently announced its readiness to comply with the U.S. Environmental Protection Agency's (EPA) new drinking wat...

Dividend

Regular Quarterly Dividend Declared by Artesian Resources Amid Stock Decrease

Published Mon, Jan 29 2024 7:59 PM UTC


Artesian Resources Corporation (Now trading Nasdaq under the stock ticker ARTNA), a primary supplier of water, wastewater, and other services on Del-Mar-Va Peninsula, announced that its Board of Directors has officially declared a regular quarterly dividend on its Class A and Class B Common Stock. This comes amid a slight decrease in the corporation's stock performance....

Dividend

Artesian Resources Corporation Raises Quarterly Dividend and Surges in Stock Performance

Published Mon, Nov 6 2023 9:10 PM UTC

Artesian Resources Corporation Announces Second 2% Increase This Year in Quarterly Common Stock Dividend
Artesian Resources Corporation, a leading water utility company based in Newark, Delaware, recently made an exciting announcement regarding an increase in their quarterly common stock dividend. The company's Board of Directors has approved a 2% increase, resulting in...






 

Artesian Resources's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Artesian Resources does not provide revenue guidance.

Earnings Outlook
Artesian Resources Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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