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Artesian Resources Corporation  (ARTNA)
Other Ticker:  
 
    Sector  Utilities    Industry Water Supply
   Industry Water Supply
   Sector  Utilities
 

Artesian Resources's Customers Performance

ARTNA

 
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




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


   
Customers Net Income fell in Q3 by Customers Net margin fell to %
-63.16 % 8.62 %



Artesian Resources's Customers, Q3 2019 Revenue Growth By Industry
Customers in Oil And Gas Production Industry -14.55 %   
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


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
SUBTOTAL 365,600 320,236 25,228 89,850


             
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