ARTESIAN RESOURCES CORP ARTNA 84
Utilities · NASDAQ · Data as of 2026-08-12
ARTESIAN RESOURCES CORP (ARTNA) has delivered +4.1% annualized revenue growth, +5.7% earnings growth, and +5.0% dividend growth over 10 years of data. Ranked #55 of 1968 stocks overall and #4 of 87 in the Utilities sector by Steady Score.
About ARTESIAN RESOURCES CORP
Company Overview
Artesian Resources is a holding company whose subsidiaries provide regulated water and wastewater services on the Delmarva Peninsula. Its principal utility supplies drinking water to residential, commercial, industrial, governmental and institutional customers in Delaware, with additional operations in Maryland and Pennsylvania. The company owns wells, treatment facilities, storage tanks, pumping stations and distribution and collection networks. Subsidiaries also manage wastewater systems and provide related services under contracts.
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Business Model & Revenue
Most revenue comes from regulated water sales and wastewater services under rates set by state utility commissions. Customer growth, consumption and approved rate increases drive revenue, while infrastructure spending expands the rate base on which the utilities may earn an authorized return. Artesian also provides contract water and wastewater services and related activities. Operations require continuing investment funded through cash flow, borrowings, developer contributions and equity.
Key Facts & Market Position
Artesian's core business provides essential services within defined territories, creating durable customer relationships but subjecting pricing and returns to regulatory review. The company can grow through new connections, system acquisitions and expansion of wastewater services. Water supply, environmental standards, infrastructure reliability and timely recovery of capital investment are central to its performance.