Headquartered in Newark, DE Fiscal year ends December NASDAQ: ARTNA artesianwater.com
Artesian Resources Corporation is a holding company whose wholly owned subsidiaries provide regulated water and wastewater services, plus related business services, on the Delmarva Peninsula. Its principal subsidiary, Artesian Water Company, is the oldest and largest regulated water utility on the peninsula and has provided water service since 1905. The company earns revenue from three sources:
- Regulated water sales, whose rates are set by the Delaware Public Service Commission. These include Distribution System Improvement Charge (DSIC) surcharges and, currently, temporary rate increases pending a decision on permanent rates.
- Wastewater services, including industrial wastewater treatment and service to residential and commercial customers.
- Non-utility operations, chiefly Service Line Protection Plans that cover customer service-line and plumbing repairs.
The company invests heavily in infrastructure, including PFAS treatment upgrades, new mains, wastewater treatment plants, aging-infrastructure rehabilitation and meter-reading technology, and seeks to recover those investments through rate filings. Updated
Three small water utilities pay shareholders every quarter or even every month, but one of them pays out several times what it earns. Which dividend can you trust before the next ex-dividend…
Artesian Resources Corporation is a holding company whose wholly owned subsidiaries provide regulated water and wastewater services, plus related business services, on the Delmarva Peninsula.
The Wall Street consensus 12-month price target for ARTNA is $46.00.
