ARTESIAN RESOURCES CORP (ARTNA)
Utilities · Regional water and wastewater utility · Nasdaq
A regional water and wastewater utility serving the Delmarva Peninsula with regulated, recurring revenue and a focus on sustainable infrastructure growth.
What ARTESIAN RESOURCES CORP does
Artesian Resources Corporation is the holding company for seven wholly-owned subsidiaries providing water, wastewater, and related utility services across Delaware, Maryland, and Pennsylvania, primarily via its largest subsidiary Artesian Water Company. The company distributes and sells water for residential, commercial, industrial, municipal, and utility customers, offers wastewater services, and provides contract operations and service line protection plans. Water sales comprised 80.5% of 2025 consolidated operating revenues, with the company serving approximately 81,000 metered customers in its largest regional system in northern Delaware.
Themes: ["Water utility infrastructure","Wastewater management","Regulated utility services","Delmarva Peninsula regional expansion","Water quality and treatment"]
Fundamentals
- Price$33.98 as of 2026-07-10 close
- Market cap$350M as of 2026-07-13
- 1-year return+0.7% as of 2026-07-10 close
- P/E15.03 as of 2026-07-13
- Net margin+25.2% as of 2026-07-13
- ROE+9.4% as of 2026-07-13
- Debt / equity0.74 as of 2026-07-13
- Revenue growth (YoY)+3.9% as of 2026-07-13
- Revenue CAGR (3y)+4.5% SEC XBRL
- Beta0.33 as of 2026-07-13
Dividend: yield +3.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on regulatory approval and rate-setting decisions by state public utility commissions for revenue growth and profitability","Infrastructure capital expenditure requirements (Q1 2026 capex of $13.1M) to maintain and expand water and wastewater systems","Water supply constraints and drought risk in service territories, which could limit capacity to serve new customers or existing demand"]
Competitors & peers
- American Water Works (AWK)
- Aqua Corporation (WTR)
- IDACORP (IDA)
- Middlesex Water Company (MSEX)
Fundamentals: Finnhub, as of 2026-07-13. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.