Artesian Resources Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Nicholle R. Taylor
- Full Time Employees
- 245
- Sector
- Utilities
- Industry
- Regulated Water
- Address
- 664 Churchmans Road Newark DE United States of America 19702
- IPO Date
- Apr 28, 1994
- CIK
- 0000863110
- Website
- artesianresources.com
- Similar Companies
- Business
- Artesian Resources Corporation operates as a holding company for wholly owned subsidiaries that provide water distribution, wastewater collection and treatment, and related services primarily on the Delmarva Peninsula; core offerings include potable water supply to over 301,000 residential, commercial, industrial, governmental, municipal, and utility customers through 1,470 miles of mains, 75 treatment facilities, and 177.5 million gallons of storage capacity; wastewater services encompassing collection, treatment infrastructure, and management mainly in Sussex County, Delaware, across 58 square miles; contract operations for water and wastewater systems; service line protection plans for water, sewer, and internal plumbing; engineering, design, construction, installation, maintenance, and repair services for storm water management and utility systems; and real estate holdings supporting water treatment plants, wastewater facilities, and office buildings. Artesian Water Company, its principal subsidiary and the oldest regulated water utility on the Delmarva Peninsula, delivers over 8.8 billion gallons annually, while other subsidiaries such as Artesian Water Maryland, Inc., Artesian Wastewater Maryland, Inc., Artesian Water Pennsylvania, Inc., Artesian Wastewater Management, Inc., Artesian Utility Development, Inc., and Artesian Development Company extend operations into Maryland and Pennsylvania. Founded over 115 years ago and headquartered in Newark, Delaware, the company serves a 305-square-mile water territory through public-private partnerships with municipalities and targets essential utility needs in regulated markets overseen by Delaware, Maryland, and Pennsylvania authorities. Recent developments include multiple dividend increases totaling 4% year-to-date in 2025, with the quarterly payout raised to $0.3136 per share payable November 24, 2025, marking the 132nd consecutive quarterly dividend; regulatory approval in November 2025 to credit Delaware customers approximately $73 each from $7.2 million in PFAS settlement proceeds with 3M; a temporary 1.22% rate increase effective June 3, 2025, as part of a pending 10.75% base rate case seeking $9.4 million in additional annual revenue; sustained capital investments exceeding $40.5 million year-to-date through Q3 2025 in mains, wastewater plants, tank upgrades, and PFAS treatment; board appointments of financial expert Salvatore J. Rossi and planning director Deirdre S. Smith in 2025; and earlier acquisitions such as the Town of Frankford water system and Tidewater Environmental Services.
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