ARTESIAN RESOURCES CORP ARTNA

Utilities SIC 4941 - Water Supply NAICS Utilities › Water, Sewage and Other Systems › Water Supply and Irrigation Systems derived Nasdaq

Artesian Resources Corporation, or Artesian Resources, is a Delaware corporation incorporated in 1927, that is the holding company of seven wholly-owned subsidiaries offering water, wastewater and other services in Delaware, Maryland and Pennsylvania. The Company's principal executive offices are located at 664 Churchmans Road, Newark, Delaware 19702. Our principal subsidiary, Artesian Water Company, Inc., is the oldest and largest investor-owned public water utility on the Delmarva Peninsula and has been providing superior water service since 1905. We distribute and sell water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania. We provide wastewater services to customers in Delaware. In addition, we provide contract water and wastewater operations, and water, sewer and internal Service Line Protection Plans. Our Class A Non-Voting Common Stock is listed on the Nasdaq Global Select Market and trades under the symbol "ARTNA." Our Class B Common Stock trades on the Nasdaq's OTC Bulletin Board under the symbol "ARTNB."

Last close 34.10 2026-10-23
Market cap $352.1M estimated share count
52-week range 30.50 - 36.98

Valuation FY2025 figures against the last close

P/S3.1x
P/E15.4x
P/FCF—
EV/EBITDA12.7x
Dividend yield3.6%
Diluted EPS2.21

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $112.9M$108.0M$98.9M$98.9M$90.9M$88.1M$83.6M$80.4M$82.2M$79.1M
Total operating expenses $85.2M$81.8M$76.4M$75.0M$68.6M$65.8M$63.7M$61.5M$62.6M$60.3M
Operating income $27.8M$26.2M$22.4M$23.9M$22.3M$22.3M$19.9M$19.0M$19.6M$18.8M
Interest expense $8.7M$8.8M$9.2M$8.5M$7.6M$7.6M$7.0M$6.3M$6.2M$6.6M
Pre-tax income $30.7M$27.7M$23.0M$23.9M$22.6M$22.5M$20.1M$19.3M$21.3M$21.3M
Income tax $7.8M$7.3M$6.3M$5.9M$5.7M$5.7M$5.2M$5.0M$7.3M$8.3M
Net income $22.8M$20.4M$16.7M$18.0M$16.8M$16.8M$14.9M$14.3M$14.0M$13.0M
EPS, basic 2.211.981.671.901.791.801.611.551.521.42
EPS, diluted 2.211.981.671.901.791.791.601.541.511.41
Shares, diluted (wtd. avg.) 10.3M10.3M10.0M9.5M9.4M9.4M9.3M9.3M9.2M9.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $52.0K$1.1M$2.5M$1.3M$92.0K$28.0K$596.0K$293.0K$952.0K$226.0K
Receivables $9.5M$11.3M$12.8M$13.5M$8.4M$10.2M$6.9M$8.2M$7.8M$7.8M
Total current assets $21.4M$24.5M$30.6M$27.8M$18.7M$17.6M$14.2M$16.1M$19.0M$14.6M
Property, plant and equipment $3.5M$3.6M$3.7M$3.7M$3.8M$3.8M$3.8M$3.8M$3.9M$3.9M
Goodwill $1.9M$1.9M$1.9M$1.9M$0$0$0$0——
Total assets $851.2M$798.6M$766.8M$719.8M$624.7M$593.2M$560.4M$529.8M$494.6M$451.0M
Accounts payable $14.0M$11.2M$9.7M$10.9M$10.2M$6.3M$8.2M$8.2M$8.9M$5.5M
Short-term debt $2.1M$2.2M$2.2M$2.0M$1.6M$1.8M$1.7M$1.7M$1.3M$1.3M
Total current liabilities $33.7M$25.6M$22.4M$44.1M$47.2M$43.7M$25.6M$37.7M$28.5M$19.3M
Long-term debt $174.3M$176.5M$178.3M$175.6M$143.3M$142.3M$144.2M$115.9M$105.6M$102.3M
Retained earnings $95.1M$85.0M$76.7M$71.3M$63.6M$56.6M$49.2M$43.4M$37.9M$32.4M
Total equity $249.9M$239.2M$230.4M$187.9M$178.0M$169.4M$160.3M$153.3M$146.6M$139.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $40.3M$36.8M$31.9M$24.3M$31.3M$20.4M$18.9M$29.1M$35.8M$29.8M
Depreciation and amortisation $13.8M$13.6M$13.3M$12.6M$11.9M$11.1M$10.8M$10.3M$9.6M$9.2M
Stock-based compensation $246.0K$219.0K$254.0K$152.0K$193.0K$178.0K$181.0K$192.0K$423.0K$92.0K
Capital expenditure $58.8M$45.9M$62.2M$48.5M$40.8M$34.3M$40.7M$49.1M$41.1M$28.3M
Investing cash flow -$58.7M-$45.3M-$62.1M-$54.8M-$40.7M-$40.0M-$40.6M-$49.0M-$41.0M-$28.2M
Financing cash flow $17.3M$7.1M$31.4M$31.7M$9.5M$19.0M$22.1M$19.2M$6.0M-$1.6M
Dividends paid $12.7M$12.2M$11.2M$10.3M$9.8M$9.4M$9.1M$8.8M$8.5M$8.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000863110-26-000025.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M Revenue, FY2016: 79.1M Net income, FY2016: 13M Revenue, FY2017: 82.2M Net income, FY2017: 14M Revenue, FY2018: 80.4M Net income, FY2018: 14.3M Revenue, FY2019: 83.6M Net income, FY2019: 14.9M Revenue, FY2020: 88.1M Net income, FY2020: 16.8M Revenue, FY2021: 90.9M Net income, FY2021: 16.8M Revenue, FY2022: 98.9M Net income, FY2022: 18M Revenue, FY2023: 98.9M Net income, FY2023: 16.7M Revenue, FY2024: 108M Net income, FY2024: 20.4M Revenue, FY2025: 112.9M Net income, FY2025: 22.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $79.1M $82.2M $80.4M $83.6M $88.1M $90.9M $98.9M $98.9M $108.0M $112.9M
Gross profit — — — — — — — — — —
Net income $13.0M $14.0M $14.3M $14.9M $16.8M $16.8M $18.0M $16.7M $20.4M $22.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4941

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AWK American Water Works Company, Inc. $28.37B 25.1x 10.1%
WTRG Essential Utilities, Inc. $12.23B 7.6x 10.1%
AWR AMERICAN STATES WATER CO $3.39B 25.4x 8.2%
CWT CALIFORNIA WATER SERVICE GROUP $2.97B 22.3x 6.4%
HTO H2O AMERICA $2.46B 20.2x 9.4%
MSEX MIDDLESEX WATER CO $1.06B 23.7x 1.5%
YORW YORK WATER CO $516.4M 22.9x 3.4%
CWCO Consolidated Water Co. Ltd. $445.0M 24.4x 11.0%