Artesian Resources Corporation (ARTNA)
Artesian Resources Corporation operates in the Regulated Water industry of the Utilities sector, headquartered in Newark, DE, US. The stock last traded at $35.11, up 0.17% on the session, giving a market capitalisation of $362.5M. On trailing twelve-month figures it carries a trailing P/E of 15.27, a net margin of 20.2%. Its beta of 0.32 implies it has historically moved less than the broad market.
Established in 1905 and headquartered in Newark, Delaware, Artesian Resources Corporation, through its various subsidiaries, delivers water, wastewater, and a range of associated utility services across Delaware, Maryland, and Pennsylvania. The company supplies water for residential, commercial, industrial, governmental, municipal, and utility consumption, along with supporting public and private fire protection, throughout these three states. In Delaware, it provides comprehensive wastewater collection, treatment facilities, and related services. Beyond its primary utility operations, Artesian offers contract water and wastewater services, protective plans for water, sewer, and internal service lines, and comprehensive wastewater management. Its capabilities also encompass design, construction, and engineering services within the utility sector. Furthermore, it extends support to other water utilities by managing their operations and billing. The corporation holds various real estate assets, such as land for its offices and for water and wastewater treatment facilities, and its portfolio also includes the design, installation, maintenance, and repair of stormwater management systems. By December 31, 2021, Artesian's extensive network, comprising 1,368 miles of transmission and distribution mains, served approximately 91,700 customers in Delaware, 2,500 in Maryland, and 40 in Pennsylvania.
Artesian Resources Corporation is most often compared with the following Utilities names: