Artesian Resources Corporation (ARTNA) Stock

Artesian Resources Corporation (ARTNA) is a Utilities stock trading at $35.60 (as of 2026-08-21), with a market capitalization of $367.53M and a trailing P/E of 14.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Artesian Resources Corporation, through subsidiaries, provides regulated water and wastewater services in Delaware, Maryland, and Pennsylvania. It supplies water for residential, commercial, industrial, governmental, municipal, and utility uses, along with fire protection, and offers wastewater collection and treatment, contract water and wastewater services, and related design, construction, engineering, and maintenance services.

Understand Artesian Resources Corporation: how it makes money

Artesian Resources Corporation provides water and wastewater services, distributing and selling water and offering wastewater collection and treatment services to customers in Delaware, Maryland, and Pennsylvania, and it also provides contract water and wastewater and fire protection services.

Profit depends on recurring utility service sales (water distribution and wastewater collection and treatment) to customer classes across Delaware, Maryland, and Pennsylvania, supported by contract services and fire protection.

Revenue by segment (latest quarter)
Water$0.0B
Other Util$0.0B

Business quality (Mixed): Limited disclosures are provided for this period, with revenue shown as 0.0B and no operational KPI fields available, which makes it hard to judge operating drivers from the data given.

Valuation: At 15× earnings, ARTNA trades 34% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Broad customer coverage across core utility services: The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, and it also provides wastewater collection and treatment services.
  • Multiple service types within the same geography: It operates in Delaware, Maryland, and Pennsylvania and provides water, wastewater, contract services, and public and private fire protection, which can diversify what customers buy.

Bear case

  • Data limitations make performance harder to interpret: In the latest quarter, provided revenue is 0.0B and no operational KPI metrics are included, so it is not possible to validate operating drivers using the supplied fields.
  • Concentration in a defined service footprint: Because operations are tied to Delaware, Maryland, and Pennsylvania, unfavorable conditions in those regions could pressure demand, service levels, or costs, depending on local circumstances.
Valuation — source: SEC EDGAR (first-party)
Price$35.60
Market Cap$367.53M
P/E Ratio14.9
EV / EBITDA13.0
Price / Book1.45
Price / Sales3.26
FCF Yield-6.0%
DCF Value (model)$6.17
DCF Upside vs Price-82.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$112.94M
Net Margin20.2%
Revenue Growth (YoY)4.6%
EPS Growth (YoY)11.6%
FCF Growth (YoY)102.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.75 (distress)
Valuation vs Sector & Industry
Stock P/E14.9
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector-28.4%
vs Industry-25.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderT. Rowe Price Investment Management, Inc. ($28.91M)
Institutional Holders Tracked10
Company
SectorUtilities
IndustryUtilities
CEONicholle R. Taylor
Employees245
CountryUS
IPO Date1994-04-28

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • American States Water Company (AWR)
  • California Water Service Group (CWT)
  • H2O America (HTO)
  • Middlesex Water Company (MSEX)
  • The York Water Company (YORW)
  • Cadiz Inc. (CDZI)
  • Pure Cycle Corporation (PCYO)
  • Global Water Resources, Inc. (GWRS)
ARTNA earnings history · ARTNA institutional & insider holders · ARTNA KPIs & operating metrics · ARTNA financials · ARTNA investor presentations & press releases · ARTNA SEC filings · ARTNA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.