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May 7, 2026·SEC
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Mar 13, 2026·SEC
Artesian Resources Corporation(ARTNA)Earnings, Financials & Key Ratios
ARTNA•NASDAQ•Utilities
$34.13
15.4× P/E·Price updated Jul 7, 2026
AboutArtesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.Show more
- Revenue$113M+4.6%
- EBITDA$49M+24.2%
- Net Income$23M+11.9%
- Free Cash Flow-$18M-102.9%
- EBITDA Margin43.76%+18.7%
- Net Margin20.21%+7.0%
- ROE9.33%+7.4%
- Interest Coverage4.53+9.0%
- Debt/Equity0.73-2.4%
ARTNA Price & Volume
Artesian Resources Corporation (ARTNA) stock price & volume — 10-year historical chart
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Regulated Infrastructure Expansion Drives Consistent Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Stable
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Regulatory and Liquidity Concentration
Key Thesis Takeaways
- Artesian Resources leverages its concentrated Delaware service territory to drive top-line growth, evidenced by a 7.3% year-over-year revenue increase in 2026Q1.
- While the company maintains a stable 30.0% operating margin, investors should monitor the structural reliance on external capital to fund aggressive infrastructure upgrades, as evidenced by a 199.8% CapEx-to-OCF ratio in 2025Q2.
- The company's thin liquidity profile, highlighted by a cash position of only $52,000 in 2025Q4, warrants further investigation into its reliance on short-term credit facilities.
Verdict Logic
while the 3.7% dividend yield is supported by a 3.0x OCF-to-dividend coverage ratio, the company's high capital intensity and thin liquidity profile suggest that investors should exercise caution regarding future balance sheet stability.
ARTNA Growth Metrics
Artesian Resources Corporation (ARTNA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.9%
5 Years5.08%
3 Years4.53%
TTM5.06%
Profit CAGR
10 Years7.28%
5 Years6.3%
3 Years8.24%
TTM8.88%
EPS CAGR
10 Years5.78%
5 Years4.31%
3 Years5.17%
TTM8.65%
Return on Capital
10 Years3.96%
5 Years3.77%
3 Years3.69%
Last Year4.48%
ARTNA Recent Earnings
Artesian Resources Corporation (ARTNA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.57+18.8%
$0.48
Rev
$28M+2.9%
$27M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.40+8.1%
$0.37
Rev
$28M+0.1%
$28M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.68+3.0%
$0.66
Rev
$30M+8.9%
$28M
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.61+8.9%
$0.56
Rev
$29M-4.8%
$30M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.57vs $0.48+18.8% | $28Mvs $27M+2.9% |
| Q2 2026 | Mar 12, 2026 | $0.40vs $0.37+8.1% | $28Mvs $28M+0.1% |
| Q4 2025 | Oct 30, 2025 | $0.68vs $0.66+3.0% | $30Mvs $28M+8.9% |
| Q3 2025 | Aug 4, 2025 | $0.61vs $0.56+8.9% | $29Mvs $30M-4.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Artesian Resources Corporation (ARTNA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.13 | $352.37M | 15.44 | 4.62% | 20.21% | 9.33% | 3.6% | |
| $55.82 | $1.04B | 23.65 | 1.47% | 22.07% | 9.07% | — | |
| $30.51 | $439.71M | 21.95 | 3.37% | — | 8.89% | — | |
| $7.03 | $202.21M | 63.91 | 5.82% | 3.53% | 2.37% | — | |
| $83.18 | $3.26B | 24.68 | 10.52% | 19.66% | 13.06% | — | |
| $134.82 | $26.33B | 23.65 | 9.74% | 21.17% | 10.14% | — |
Compare ARTNA vs Peers
Artesian Resources Corporation (ARTNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ARTNA SEC Filings & Documents
Artesian Resources Corporation (ARTNA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ARTNA Frequently Asked Questions
Artesian Resources Corporation (ARTNA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Artesian Resources Corporation's revenue?
Artesian Resources Corporation (ARTNA) reported $114.8M in revenue for fiscal year 2025. This represents a 449% increase from $20.9M in 1996.
How fast is Artesian Resources Corporation growing?
Artesian Resources Corporation (ARTNA) grew revenue by 4.6% over the past year. Growth has been modest.
Is ARTNA profitable?
Yes, Artesian Resources Corporation (ARTNA) is profitable, generating $23.3M in net income for fiscal year 2025 (20.2% net margin).
Dividend & Returns
Does ARTNA pay dividends?
Yes, Artesian Resources Corporation (ARTNA) pays a dividend with a yield of 3.60%. This makes it attractive for income-focused investors.
What is ARTNA's return on equity?
Artesian Resources Corporation (ARTNA) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.
What is Artesian Resources Corporation's free cash flow?
Artesian Resources Corporation (ARTNA) had negative free cash flow of $1.4M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is ARTNA's dividend sustainable?
Artesian Resources Corporation (ARTNA) has a dividend payout ratio of 56%. This suggests the dividend is well-covered and sustainable.