Artesian Resources Corporation (NASDAQ: ARTNA) is a holding company that provides water, wastewater, and other related services across the Delmarva Peninsula. Through its principal subsidiary, Artesian Water Company, the firm operates as the oldest and largest investor-owned public water utility in the region, having provided continuous service since 1905. The company's core business involves the distribution and sale of water to residential, commercial, industrial, governmental, and municipal customers, as well as providing water for public and private fire protection. Artesian's geographic footprint spans Delaware, where it generates approximately 90% of its revenues, as well as Cecil County, Maryland, and Chester County, Pennsylvania.
In addition to its primary water distribution operations, Artesian Resources provides wastewater collection and treatment services, operating multiple treatment facilities and disposal sites. The company also engages in non-utility business activities, including contract water and wastewater operations for private and municipal providers, design and engineering services, and the offering of water and sewer service line protection plans to customers. The company's revenue is heavily concentrated in its regulated utility operations, which account for over 90% of total revenues, providing a stable and predictable income stream supported by periodic rate increases and infrastructure investments.
