33.72
-1.95%
Close of 9 Nov 2026, in USD
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About Artesian Resources
From its filings with the US Securities and Exchange Commission
Artesian Resources is based in Newark, Delaware and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker ARTNA. The SEC classifies its business as water supply. In the fiscal year to 31 December 2025, it reported revenue of $112.9m and net income of $22.8m. At that date it held total assets of $851.2m and shareholders' equity of $249.9m.
Our current market area is the Delmarva Peninsula. Our largest service area is in the State of Delaware. Substantial portions of Delaware, particularly outside of northern New Castle County, are not served by a public water or wastewater system and represent potential opportunities for Artesian Water and Artesian Wastewater to obtain new exclusive franchised service areas. We continue to focus resources on developing and serving existing service territories and obtaining new territories throughout Delaware.
We hold Certificates of Public Convenience and Necessity, or CPCNs, for approximately 312 square miles of exclusive water service territory, most of which is in Delaware with some territory being in Maryland and Pennsylvania. Our largest connected regional water system, consisting of approximately 145 square miles and 81,000 metered customers, is located in northern New Castle County and portions of southern New Castle County, Delaware. We hold CPCNs for approximately 61 square miles of wastewater service territory located in Sussex County, Delaware. A significant portion of our exclusive service territory is in Sussex County, Delaware and remains undeveloped, and if and when development occurs and there is population growth in these areas, we anticipate we will increase our customer base by providing water and/or wastewater service to the newly developed areas and new customers.
Quoted from its 10-K, filed 16 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Water Utilities
- Listed since
- 4 Apr 1994
- Employees
- 272
- Website
- artesianwater.com ↗
- Head office
- 664 CHURCHMANS RD, NEWARK, DE, 19702
- Incorporated in
- DE
- Classification
- Water Supply
- Filer status
- Non-accelerated filer
Leadership
Pay as last reported
- Ms. Nicholle TaylorPresident, Chief Executive Officer, Director, since 2004$671,451
- Mr. David SpachtChief Financial Officer$564,617
- Mr. Joseph DiNunzioExecutive Vice President, Secretary$591,345
- Ms. Jennifer FinchSenior Vice President - Finance, Corporate Treasurer$479,128
- Mr. Pierre AndersonSenior Vice President, Chief Information Officer
- Mr. John ThaederSenior Vice President - Operations$439,397
- Mr. Raymond KellyVice President - Information Technology
- Mr. Daniel KonstanskiVice President - Engineering
- Ms. Courtney EmersonGeneral Counsel, Assistant Secretary
- Mr. John EisenbreyIndependent Director$132,070
- Sir Michael HoughtonIndependent Director$132,070
- Mr. Salvatore RossiIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 11
- Environment
- 5
- Social
- 8
- Governance
- 20
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Artesian Resources Corp has a strong financial position, allowing them to make strategic investments in infrastructure and technology.
- The company has a diverse customer base, which reduces the dependence on any single industry or customer.
- Artesian Resources Corp has a well-established brand reputation for providing high-quality water and wastewater services.
Weaknesses
- The company is heavily dependent on regulatory approvals and compliance, which can sometimes cause delays in projects or increased costs.
- Artesian Resources Corp has a limited geographic presence, mainly operating in the Mid-Atlantic region of the United States.
- The company faces potential risks from natural disasters or weather-related events, which could impact the delivery of services.
Opportunities
- There is a growing demand for sustainable water and wastewater solutions, presenting an opportunity for Artesian Resources Corp to expand their customer base and services.
- The increasing focus on environmental conservation and water quality regulations provides an opportunity for the company to differentiate itself as a leader in the industry.
- Artesian Resources Corp can explore strategic partnerships or acquisitions to diversify their operations and enter new markets.
Threats
- Intense competition in the water and wastewater industry may put pressure on pricing and profit margins.
- Changes in government regulations or policies could impact Artesian Resources Corp's operations and require costly adjustments.
- Potential economic downturns or recessions may negatively impact customer demand for water and wastewater services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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