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Artesian Resources Corporation (ARTNA) |
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Artesian Resources's Customers Performance
ARTNA
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ARTNA's Source of Revenues |
Customers of Artesian Resources Corporation saw their costs of revenue drop by -98.65 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -13.16 %, for the same period Artesian Resources Corporation recorded revenue increase by 2.85 % year on year, sequentially revenue grew by 9.19 %.
• List of ARTNA Customers
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Customers of Artesian Resources Corporation saw their costs of revenue drop by -98.65 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -13.16 %, for the same period Artesian Resources Corporation recorded revenue increase by 2.85 % year on year, sequentially revenue grew by 9.19 %.
• List of ARTNA Customers
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Customers Net Income fell in Q3 by |
Customers Net margin fell to % |
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-63.16 % |
8.62 % |
Artesian Resources's Comment on Sales, Marketing and Customers
Our current market area is the Delmarva Peninsula. Our largest service area is
in the State of Delaware, which had an estimated population of approximately 936,000
at July 1, 2014. According to the US Census Bureau, Delaware's population increased
an estimated 4.2% from 2010 to 2014, as compared to the nationwide growth rate
of approximately 3.3%. Substantial portions of Delaware, particularly outside
of New Castle County, are not served by a public water or wastewater system and
represent potential opportunities for Artesian Water and Artesian Wastewater to
obtain new exclusive franchised service areas. We continue to focus resources
on developing and serving existing service territories and obtaining new territories
throughout the State.
We expanded our services into Maryland. Cecil County Maryland, or Cecil County,
has designated the Interstate 95 corridor as a preferred growth area for business
and residential expansion.
We have interconnection agreements for the sale of water with the towns of
Elkton and Chesapeake City, Maryland. The Town of Elkton is required to take
a minimum of 250,000 gallons per day of water through the interconnection and
may take a maximum of 1.5 million gallons per day, or mgd.
We hold Certificates of Public Convenience and Necessity, or CPCNs, for approximately
280 square miles of exclusive water service territory and approximately 25 square
miles of wastewater service territory, most of which is in Delaware and some
in Maryland and Pennsylvania. Our largest connected regional water system, consisting
of approximately 141 square miles and 72,000 customers, is located in northern
New Castle County and portions of southern New Castle County, Delaware. A significant
portion of our exclusive service territory in Delaware remains undeveloped,
and if and when development occurs and there is population growth in these areas,
along with the anticipated population growth in Maryland, we will increase our
customer base by providing water and/or wastewater service to the newly developed
areas and new customers.
Artesian Resources's Comment on Sales, Marketing and Customers
Our current market area is the Delmarva Peninsula. Our largest service area is
in the State of Delaware, which had an estimated population of approximately 936,000
at July 1, 2014. According to the US Census Bureau, Delaware's population increased
an estimated 4.2% from 2010 to 2014, as compared to the nationwide growth rate
of approximately 3.3%. Substantial portions of Delaware, particularly outside
of New Castle County, are not served by a public water or wastewater system and
represent potential opportunities for Artesian Water and Artesian Wastewater to
obtain new exclusive franchised service areas. We continue to focus resources
on developing and serving existing service territories and obtaining new territories
throughout the State.
We expanded our services into Maryland. Cecil County Maryland, or Cecil County,
has designated the Interstate 95 corridor as a preferred growth area for business
and residential expansion.
We have interconnection agreements for the sale of water with the towns of
Elkton and Chesapeake City, Maryland. The Town of Elkton is required to take
a minimum of 250,000 gallons per day of water through the interconnection and
may take a maximum of 1.5 million gallons per day, or mgd.
We hold Certificates of Public Convenience and Necessity, or CPCNs, for approximately
280 square miles of exclusive water service territory and approximately 25 square
miles of wastewater service territory, most of which is in Delaware and some
in Maryland and Pennsylvania. Our largest connected regional water system, consisting
of approximately 141 square miles and 72,000 customers, is located in northern
New Castle County and portions of southern New Castle County, Delaware. A significant
portion of our exclusive service territory in Delaware remains undeveloped,
and if and when development occurs and there is population growth in these areas,
along with the anticipated population growth in Maryland, we will increase our
customer base by providing water and/or wastewater service to the newly developed
areas and new customers.
ARTNA's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
TICKER |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Artesian Resources Corporation |
ARTNA |
349 |
63 |
15 |
237 |
| Apache Corporation |
APA |
7,010 |
6,938 |
-566 |
4,950 |
| Broadridge Financial Solutions, Inc. |
BR |
14,344 |
4,362 |
482 |
0 |
| Devon Energy Corp |
DVN |
9,166 |
8,845 |
3,872 |
6,600 |
| Eog Resources, Inc. |
EOG |
41,096 |
17,634 |
2,991 |
3,000 |
| Exxon Mobil Corp |
XOM |
293,984 |
282,457 |
18,449 |
75,300 |
| XTO Energy Inc. |
XTO |
0 |
0 |
0 |
0 |
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SUBTOTAL |
365,600 |
320,236 |
25,228 |
89,850 |
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