Artesian Resources Corporation Class A (ARTNA)

Over the past six months, Artesian Resources Corp. stock has experienced a decline, but the company has reported strong operational results, surpassing Q3 earnings and revenue estimates. The company announced a 2% increase in its quarterly dividend in October 2025, marking the second such increase in the year. In April, the company requested a rate increase that, if approved, could boost incremental revenues by approximately 10.75%.

Artesian Resources' business is subject to seasonal fluctuations, with demand for water generally greater during warmer months due to increased customer requirements for irrigation systems, swimming pools, cooling systems, and other outdoor water usage. Cooler temperatures or higher-than-normal rainfall during typically warmer months can lead to a decrease in water demand, potentially affecting revenues.

Artesian Resources Corporation operates as a holding company focused on water distribution and wastewater services, primarily serving residential, commercial, industrial, governmental, municipal, and utility customers. The company's core business involves providing water and wastewater services, including service line protection plans, engineering services, and contract operations for water and wastewater systems. Artesian also offers wastewater management services, design, construction, and engineering services, as well as services related to storm water management systems.

Artesian Resources Corp. primarily serves the Delmarva Peninsula, providing water and wastewater services in Delaware, Maryland, and Pennsylvania. As of December 31, 2024, the company served customers in these three states through 1,491 miles of transmission and distribution mains. Artesian Water Company, its principal subsidiary, is the oldest and largest investor-owned public water utility on the Delmarva Peninsula.

Artesian Resources has a long-standing reputation for providing high-quality water and wastewater services, emphasizing its commitment to customer safety and public health. In the past year, Artesian Water Company received approval from the Delaware Public Service Commission to return approximately $7.2 million from a national class action lawsuit settlement against 3M regarding PFAS contamination in drinking water to its customers.

The ownership structure of Artesian Resources stock is a mix of institutional, retail, and individual investors. Approximately 52.51% of the company's stock is owned by Institutional Investors, 2.55% by Insiders, and 44.94% by Public Companies and Individual Investors. Major institutional owners include T. Rowe Price Investment Management, Inc., BlackRock, Inc., and Vanguard Group Inc.