Artesian Resources
Provides regulated water, wastewater, and related services across the Delmarva region.
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Profile
Provides regulated water and wastewater utilities and related services through wholly owned subsidiaries across the Delmarva region. Delaware water operations generate most revenue, while water service also reaches Maryland and Pennsylvania.
Operates regulated water and wastewater utilities and related services through wholly owned subsidiaries, with Artesian Water as its principal subsidiary. Water service is concentrated in Delaware, while the group also provides wastewater services there and water service in Maryland and Pennsylvania. Its holding-company structure separates regulated and non-regulated subsidiaries.
Delaware water operations generate most revenue. Regulatory approvals and rate decisions, PFAS and Lead and Copper Rule compliance, infrastructure-material availability and costs, weather and climate effects, and acquisition integration shape the business. The operating model requires continuing infrastructure operation under regulatory oversight.
Company facts
Categories
Key statistics
Year to date +13.2% · Average volume (30d) 30.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.59 | $0.64 | +8.5% | $29.8M | $30.7M | +2.9% | +0.76% |
| May 5, 2026Q1 FY26 | $0.48 | $0.57 | +18.7% | $27.0M | $27.8M | +2.9% | +1.56% |
| Mar 12, 2026Q4 FY25 | $0.37 | $0.40 | +8.1% | $28.0M | $28.0M | +0.1% | +1.02% |
| Oct 30, 2025Q3 FY25 | $0.66 | $0.68 | +3.0% | $28.0M | $30.5M | +8.9% | −0.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $25.9M | $28.5M | $30.5M | $28.0M | $27.8M | $30.7M | |
| Gross profit | $12.4M | $15.0M | $12.3M | $9.0M | $10.0M | $12.4M | |
| Operating income | $5.5M | $7.9M | $11.1M | $7.1M | $8.3M | $10.9M | |
| Net income | $5.4M | $6.3M | $7.0M | $4.1M | $5.9M | $6.6M | |
| Diluted EPS | $0.53 | $0.61 | $0.68 | $0.40 | $0.57 | $0.64 | |
| Gross margin | 48.1% | 52.7% | 40.3% | 32.2% | 35.8% | 40.5% | |
| Operating margin | 21.4% | 27.5% | 36.4% | 25.4% | 30.0% | 35.5% |
Fiscal years (4-quarter sums)FY21 $90.9M · FY22 $98.9M · FY23 $98.9M · FY24 $108.0M · FY25 $112.9M
Revenue by product · FY24
Balance sheet, Jun 30, 2026Cash & short-term investments $9.8M · Total debt $185.5M · Total assets $884.0M · Shareholders' equity $256.2M
Dividends
Raised for 30 straight years — most recently to $0.3199 from $0.3136 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 28 | $0.3199 | |
| May 15, 2026 | May 15 | May 29 | $0.3199 | raised from $0.3136 |
| Feb 13, 2026 | Feb 13 | Feb 25 | $0.3136 | |
| Nov 14, 2025 | Nov 14 | Nov 24 | $0.3136 | raised from $0.3074 |
| Aug 15, 2025 | Aug 15 | Aug 25 | $0.3074 | |
| May 16, 2025 | May 16 | May 27 | $0.3074 | raised from $0.3014 |
| Feb 7, 2025 | Feb 7 | Feb 21 | $0.3014 | |
| Nov 15, 2024 | Nov 15 | Nov 25 | $0.3014 | raised from $0.2955 |
Ownership
Shares outstanding 10.32M · Float 9.34M · 90.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | 912.2K | 8.84% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 399.3K | 3.87% | 13F | Aug 13, 2026 |
| Renaissance Technologies LLC | 301.2K | 2.92% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 209.3K | 2.03% | 13F | Aug 7, 2026 |
| Morgan Stanley | 207.6K | 2.01% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Dian C. Taylor | director | −2,000 | $35.68 |
| Aug 20, 2026 | Dian C. Taylor | director | −2,000 | $35.30 |
| Aug 18, 2026 | Dian C. Taylor | director | −2,000 | $35.00 |
| Aug 17, 2026 | Dian C. Taylor | director | −2,000 | $35.01 |
| Mar 23, 2026 | Dian C. Taylor | director | −1,000 | $31.25 |
Peers
- American Water Works
Large regulated-water peer in Mid-Atlantic systems and acquisitions
- Essential Utilities
Aqua-branded peer for Pennsylvania systems and utility acquisitions
- York Water
Pennsylvania peer in regulated water, wastewater, and small-system acquisitions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Artesian Resources | $35.63 | +0.14% | $367.9M | 15.6 | 15.3 | 3.1 | +7.4% |
| American Water Works | $134.88 | −2.46% | $27.48B | 23.9 | 22.6 | 5.2 | +6.2% |
| Essential Utilities | $41.25 | +0.39% | $11.66B | 21.0 | 17.8 | 4.5 | +3.1% |
| York Water | $34.12 | +0.06% | $553.1M | 21.2 | 21.0 | 93.2 | +22.5% |
| Median | 21.2 | 21.0 | 5.2 | +6.2% |