ARTESIAN RESOURCES CORP (ARTNA) Established in 1905 and headquartered in Newark, Delaware, Artesian Resources Corporation, through its various subsidiaries, delivers water, wastewater, and a range of associated utility services across Delaware, Maryland, and Pennsylvania. The company supplies water for residential, commercial, industrial, governmental, municipal, and utility consumption, along with supporting public and private fire protection, throughout these three states. In Delaware, it provides comprehensive wastewater collection, treatment facilities, and related services. Beyond its primary utility operations, Artesian offers contract water and wastewater services, protective plans for water, sewer, and internal service lines, and comprehensive wastewater management. Its capabilities also encompass design, construction, and engineering services within the utility sector. Furthermore, it extends support to other water utilities by managing their operations and billing. The corporation holds various real estate assets, such as land for its offices and for water and wastewater treatment facilities, and its portfolio also includes the design, installation, maintenance, and repair of stormwater management systems. By December 31, 2021, Artesian's extensive network, comprising 1,368 miles of transmission and distribution mains, served approximately 91,700 customers in Delaware, 2,500 in Maryland, and 40 in Pennsylvania.
Sector: Water Supply
Industry: Regulated Water
Artesian Resources Corporation NASDAQ:ARTNA Utilities · Regulated Water
Mkt Cap $321.25M
Div Yield 3.73%
AH Close $34.01 +0.00% vs close
AH Close $34.01 +0.00% vs close
Mkt Cap $321.25M
Div Yield 3.73%
All Press Release SEC Filings News
Press Release
Artesian Resources Corporation Announces Leadership Changes
Artesian Resources announced internal leadership changes, naming Raymond Kelly as CIO and Pierre Anderson as Chief Administrative Officer.
Deirdre Smith was named VP of Operations and Planning and Daniel Konstanski VP and Chief Engineer, extending coverage across operations and engineering.
The moves are promotions of long-tenured insiders aimed at aligning management structure with growth; no executive departures or strategy changes were disclosed.
• 20d ago AI analysis › News
Artesian Resources: Don't Overlook Great Small Companies
seekingalpha.com • 1mo ago SEC Filing ⚠ 5
ARTNA: 10-Q · periodic report
Artesian Resources reported Q2 2026 operating revenues of $30.7 million, up 7.4% from $28.5 million a year earlier, with net income applicable to common stock of $6.6 million, or $0.64 per share, versus $6.3 million, or $0.61, in Q2 2025.
Growth came primarily from two temporary Delaware rate increases (2.88% effective June 3, 2025 and 6.82% effective November 6, 2025) plus customer growth of roughly 1.8% in Delaware water customers, 6.6% in Delaware wastewater customers, and 13.0% in service line protection plan enrollment. About $2.2 million of second-step temporary rate revenue is reserved for refund pending the Delaware PSC's ruling on Artesian Water's reduced request of approximately $9.0 million (10.2%) in annualized increases.
Liquidity remains solid: the quarter closed with $9.8 million of cash after a $10 million CoBank loan at 6.14% closed in March 2026, both credit lines totaling $60 million were fully undrawn, and first-half capital expenditures of $25.9 million were funded partly by $20.3 million of net developer contributions. The quarterly dividend rose to $0.3199 per share from $0.3074 a year earlier.
SEC 10-Q • 2mo ago AI analysis › Press Release
Artesian Resources Corporation Reports Second Quarter and Year-To-Date 2026 Results
Artesian Resources reported Q2 2026 revenue of $30.7 million, up 7.4% year-over-year, with diluted EPS rising 4.9% to $0.64.
Growth was driven by temporary rate increases approved by the Delaware Public Service Commission and a 6.6% increase in wastewater customers over the past year.
The company invested $25.9 million in infrastructure during the first half of the year, focusing on system reliability and regulatory compliance upgrades.
• 2mo ago AI analysis › Press Release
Artesian Resources Corporation Declares Third Quarter 2026 Common Stock Dividend
Artesian Resources' Board declared a regular quarterly dividend of $0.3199 per share, payable on August 28, 2026 to shareholders of record as of August 17, 2026.
The payment represents the company’s 135th consecutive quarterly dividend, reflecting its stable operations as the oldest and largest regulated water utility on the Delmarva Peninsula.
• 2mo ago AI analysis › News
Artesian Resources: Dividend Growth Flowing Into Your Portfolio
seekingalpha.com • 4mo ago SEC Filing
ARTNA: 10-Q · periodic report
Artesian Resources Corporation reported total operating revenues of $27.8 million for the three months ended March 31, 2026, a 7.3% increase from the same period in 2025. This growth was primarily driven by two temporary rate increases and an increase in the number of customers served.
The company's net income applicable to common stock increased by $0.5 million, or 9.2%, to $5.934 million for the three months ended March 31, 2026. This increase was due to higher operating revenues, offset by a $1.2 million increase in total operating expenses and a $0.2 million decrease in other income.
Artesian Resources issued $10.0 million in long-term debt in the first quarter of 2026, which will be used to fund capital improvements and expansion projects. The company also received $8.1 million in net contributions and advances from developers, further supporting its growth initiatives.
The company's cash and cash equivalents increased to $4.255 million as of March 31, 2026, from $52,000 as of December 31, 2025, primarily due to cash flows from operating activities and the issuance of long-term debt.
SEC 10-Q • 5mo ago AI analysis › Press Release
Artesian Resources Corporation Reports First Quarter 2026 Results
Artesian Resources reported Q1 diluted EPS of $0.57, up 7.5% year-over-year, on revenue of $27.8 million, which increased 7.3%.
Growth was driven by temporary rate increases approved under Delaware law and an expansion in the customer base across utility and non-utility segments.
The company invested $13.1 million in capital projects during the quarter, focusing on infrastructure renewal and PFAS treatment upgrades.
• 5mo ago AI analysis › Press Release
Artesian Announces 2% Increase in Quarterly Common Stock Dividend
Artesian Resources announced a 2% increase in its quarterly dividend, raising the annualized payout to $1.2796 per share.
The new quarterly rate of $0.3199 is payable May 29, 2026 to shareholders of record on May 15, 2026.
This marks the company's 134th consecutive quarterly dividend, reflecting steady operational execution in its regulated water utility business.
• 5mo ago AI analysis › Press Release
Artesian Resources Corporation 2025 Annual Report Available Electronically to Shareholders
globenewswire.com • 6mo ago News
Artesian Resources Corporation (NASDAQ:ARTNA) Short Interest Down 56.0% in March
defenseworld.net • 6mo ago News
An Interesting Multi-Faceted Utility: Artesian Resources
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Artesian Resources: Attractively Valued Among Its Peers
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