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Artesian Resources Corporation (ARTNA)



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Upturn Advisory Summary
09/15/2025: ARTNA (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $46
1 Year Target Price $46
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -33.23% | Avg. Invested days 16 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 340.61M USD | Price to earnings Ratio 15.2 | 1Y Target Price 46 |
Price to earnings Ratio 15.2 | 1Y Target Price 46 | ||
Volume (30-day avg) 1 | Beta 0.33 | 52 Weeks Range 28.63 - 37.29 | Updated Date 09/14/2025 |
52 Weeks Range 28.63 - 37.29 | Updated Date 09/14/2025 | ||
Dividends yield (FY) 3.63% | Basic EPS (TTM) 2.17 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.27% | Operating Margin (TTM) 35.09% |
Management Effectiveness
Return on Assets (TTM) 2.76% | Return on Equity (TTM) 9.34% |
Valuation
Trailing PE 15.2 | Forward PE 17.86 | Enterprise Value 520056081 | Price to Sales(TTM) 3.08 |
Enterprise Value 520056081 | Price to Sales(TTM) 3.08 | ||
Enterprise Value to Revenue 4.71 | Enterprise Value to EBITDA 9.93 | Shares Outstanding 9429150 | Shares Floating 9280366 |
Shares Outstanding 9429150 | Shares Floating 9280366 | ||
Percent Insiders 4.02 | Percent Institutions 58.79 |
Upturn AI SWOT
Artesian Resources Corporation

Company Overview
History and Background
Artesian Resources Corporation was founded in 1905 as Artesian Water Company. It has evolved into a provider of water, wastewater, and other related services, primarily in Delaware and the surrounding region. The company has grown through acquisitions and organic expansion of its service territory.
Core Business Areas
- Water: Provides water service to residential, commercial, and industrial customers, including source water production, treatment, and distribution.
- Wastewater: Offers wastewater collection and treatment services.
- Other Services: Includes water and sewer service line protection plans, and other services related to water resource management.
Leadership and Structure
The company is led by a board of directors and an executive management team. Dian C. Taylor is the Chairman and CEO. The organizational structure includes departments for operations, finance, customer service, and engineering.
Top Products and Market Share
Key Offerings
- Water Service: Provides potable water to a large service area in Delaware and neighboring states. Revenue is primarily derived from volumetric water sales and service charges. Artesian is a major provider in its service area, but exact market share is not publicly available. Competitors include other municipal and private water providers where service territories overlap or compete for expansion.
- Wastewater Service: Collects and treats wastewater from residential and commercial customers. Revenue is generated through usage fees and connection charges. Market share is concentrated within its defined service area. Competition comes from municipal wastewater treatment facilities and other private wastewater service providers.
- Water & Sewer Service Line Protection Plans: Artesian offers service line protection plans to customers, protecting them from the high cost of repairing or replacing broken or leaking water and sewer lines on their property. Competitors are HomeServe, American Water Resources.
Market Dynamics
Industry Overview
The water and wastewater utility industry is characterized by high capital intensity, regulation, and essential services. Demand is relatively stable but influenced by population growth, economic activity, and environmental regulations.
Positioning
Artesian Resources Corporation is a regional player focused on providing high-quality water and wastewater services in Delaware and the surrounding areas. Its competitive advantages include its established infrastructure, regulatory expertise, and focus on customer service.
Total Addressable Market (TAM)
The TAM for water and wastewater services in the Mid-Atlantic region is estimated to be in the billions of dollars annually. Artesian's TAM is determined by its existing service territory and expansion opportunities within that region. The company is well-positioned to capture a share of this market through organic growth and acquisitions.
Upturn SWOT Analysis
Strengths
- Established infrastructure network
- Strong regulatory relationships
- Experienced management team
- Essential service provider
- Geographic focus
Weaknesses
- Limited geographic diversification
- Capital-intensive operations
- Vulnerability to environmental regulations
- Dependence on regulatory approvals for rate increases
Opportunities
- Acquisitions of smaller water and wastewater systems
- Expansion into new service territories
- Investment in infrastructure upgrades
- Increased demand for water and wastewater services due to population growth
- Adoption of advanced water treatment technologies
Threats
- Stricter environmental regulations
- Water scarcity and drought conditions
- Rising operating costs (energy, chemicals)
- Competition from other water and wastewater providers
- Economic downturns affecting customer demand
Competitors and Market Share
Key Competitors
- AWK
- MSEX
- WTRG
Competitive Landscape
Artesian's competitive advantage lies in its regional focus and established infrastructure. Compared to larger national players (AWK), it may have less geographic diversification but greater local market knowledge.
Major Acquisitions
Sipple Well and Pump Company
- Year: 2021
- Acquisition Price (USD millions): 3.2
- Strategic Rationale: Expanded Artesian's service territory and customer base in Kent County, Delaware.
Growth Trajectory and Initiatives
Historical Growth: Artesian has demonstrated steady growth through organic expansion and acquisitions. Historical growth rates can be determined from past financial statements.
Future Projections: Future growth is projected to be driven by population growth in its service area, infrastructure investments, and potential acquisitions. Analyst estimates vary, but generally anticipate continued steady growth.
Recent Initiatives: Recent initiatives include infrastructure upgrades, expansion of service line protection plans, and exploration of new water treatment technologies.
Summary
Artesian Resources Corporation is a stable, dividend-paying utility company focused on water and wastewater services in Delaware and the surrounding region. It benefits from a regulated environment and essential service demand but faces challenges from capital intensity and environmental regulations. The company is positioned for continued growth through organic expansion and strategic acquisitions. Long term the company is growing and has a good sharehold return. The company needs to look out for climate conditions and regulation issues.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Artesian Resources Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Company Press Releases
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice, and readers should conduct their own due diligence before making any investment decisions. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Artesian Resources Corporation
Exchange NASDAQ | Headquaters Newark, DE, United States | ||
IPO Launch date 1996-05-23 | President, CEO, Senior VP of Investor Relations & Chair of Board Ms. Nicholle R. Taylor | ||
Sector Utilities | Industry Utilities - Regulated Water | Full time employees 245 | Website https://www.artesianwater.com |
Full time employees 245 | Website https://www.artesianwater.com |
Artesian Resources Corporation 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 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; 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, 2024, it served customers in Delaware, Maryland, and Pennsylvania through 1,491 miles of transmission and distribution mains. The company was founded in 1905 and is headquartered in Newark, Delaware.

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