Artesian Resources

Artesian Resources Corp. is a holding company, which engages in the provision of water resource management. Its activities include residential, commercial water and wastewater, government and contract services, and developers. The company was founded in 1927 and is headquartered in Newark, DE.

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Artesian Resources Corp. is a holding company, which engages in the provision of water resource management. Its activities include residential, commercial water and wastewater, government and contract services, and developers. The company was founded in 1905 and is headquartered in Newark, DE.

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Artesian Resources Corporation is a holding company that provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company's revenue growth has been lower in recent years, but it has potential for growth due to population growth and potential rate increases. Falling inflation rates and potential interest rate cuts could benefit the company's operating costs and dividend payments.

Artesian Resources Is An Attractive Investment Opportunity

NEWARK, Del., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has declared a regular quarterly dividend on the company's Class A and Class B Common Stock. The quarterly dividend of $0.2897 per share is payable February 23, 2024 to shareholders of record at the close of business on February 9, 2024, providing a $1.1588 annualized dividend rate.

Artesian Resources Corporation Declares Common Stock Dividend

NEWARK, Del., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced third quarter and year-to-date results for 2023.

Artesian Resources Corporation Reports Third Quarter and Year-To-Date 2023 Results

Artesian Resources Corporation is a water utility company that has historically provided low volatility and safety for investors. The need for water transcends economic cycles, making Artesian's stable supply of clean water a valuable asset.

Artesian Resources: Why This Stock Is A Buy

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Artesian Resources (ARTNA) is providing quality services to its customers. Its rising earnings estimates, stable return on equity and regular dividend payments make it a top pick in the utility space.

4 Reasons to Add Artesian Resources (ARTNA) to Your Portfolio

NEWARK, Del., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced second quarter and year-to-date results for 2023.

Artesian Resources Corporation Reports Second Quarter and Year-To-Date 2023 Results

NEWARK, Del., June 29, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced that its 12th Annual Charitable Golf Outing raised nearly $140,000, bringing the twelve-year total to nearly $740,000. Over 180 golfers representing Artesian's valued vendors and business partners gathered on June 5, 2023 at the DuPont Country Club in Wilmington, Delaware to support local charitable organizations. “We are immensely grateful for the generous support from our business partners to be able to once again have such an incredibly successful event. Their continued partnership with us each year enables Artesian to have a positive impact on local charities across the Delmarva Peninsula,” said Dian C. Taylor, Chair and CEO.

Artesian Resources Corporation's 12th Annual Charitable Golf Tournament Raises Nearly $140,000

NEWARK, Del., May 23, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian or the Company) announced today the closing of its previously-announced underwritten public offering of 695,650 shares of the Company's Class A Non-Voting Common Stock at a purchase price of $50.00 per share. The net proceeds to the Company from the offering, after deducting the underwriting discounts and commissions and other offering expenses, are approximately $33.0 million. The Company has also granted the underwriter a 30-day option to purchase from Artesian up to an additional 104,348 shares of Class A Non-Voting Common Stock at the public offering price, less the underwriting discount.

Artesian Resources Corporation Announces Closing of Public Offering of Common Stock

NEWARK, Del., May 19, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian or the Company) announced today that it has priced a firm commitment underwritten public offering of 695,650 shares of the Company's Class A Non-Voting Common Stock at a purchase price of $50 per share for an aggregate gross offering amount of approximately $34.8 million. The offering is expected to close on or about May 23, 2023, subject to customary closing conditions. The Company has also granted the underwriter a 30-day option to purchase from Artesian up to an additional 104,348 shares of Class A Non-Voting Common Stock at the public offering price, less the underwriting discount. Janney Montgomery Scott LLC is acting as sole book-running manager. Artesian currently intends to use the net proceeds of the offering for general corporate purposes, including its capital investment program and repayment of outstanding indebtedness. The proposed offering is being made pursuant to Artesian's effective shelf registration statement (including a prospectus) previously filed with the Securities and Exchange Commission (SEC) on September 29, 2022 and declared effective October 12, 2022 (Registration No. 333-266821). The offering of these securities will be made only by means of a prospectus and a related prospectus supplement. A preliminary prospectus supplement relating to the offering has been filed with the SEC. A copy of the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the SEC's website at www.sec.gov or by sending a request to Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, PA 19103, or by e-mail at: prospectus@janney.com. Before you invest, you should read the prospectus supplement and accompanying prospectus, the registration statement, and the other documents that Artesian has filed with the SEC for more complete information about Artesian and this offering. Investors may obtain these documents for free by visiting the SEC's website at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Artesian Resources Artesian Resources Corporation operates as the holding company of wholly-owned subsidiaries offering water and wastewater services, and related business services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian supplies 8.7 billion gallons of water per year through 1,442 miles of water main to over a third of Delawareans. Forward Looking Statements: This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, the completion, timing and size of Artesian's proposed public offering and the intended use of proceeds. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: factors associated with market conditions and the satisfaction of customary closing conditions related to the proposed public offering. While Artesian may elect to update its forward-looking statements, Artesian specifically disclaims any obligation to do so and you should not rely on any forward-looking statements as a representation of Artesian's views as of any date subsequent to the date of this release. More information concerning forward-looking statements can be found in Artesian's SEC filings with the SEC at www.sec.gov. Contact: Nicki Taylor Investor Relations (302) 453-6900 ntaylor@artesianwater.com

Artesian Resources Corporation Announces Pricing of Public Offering of Common Stock

NEWARK, Del., May 18, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian) announced today a proposed underwritten public offering of approximately 600,000 shares of its Class A Non-Voting Common Stock. The Company also intends to grant the underwriters a 30-day option to purchase from Artesian up to an additional 90,000 shares of Class A Non-Voting Common Stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Janney Montgomery Scott LLC is acting as sole book-running manager.

Artesian Resources Corporation Announces Common Stock Offering

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NEWARK, Del., May 09, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to announce that its Board of Directors approved a 2% increase in the quarterly dividend per share on the company's Class A and Class B Common Stock, which raises the annualized dividend rate to $1.136 per share. The quarterly dividend rate of $0.284 per share is payable May 26, 2023 to shareholders of record at the close of business on May 19, 2023.

Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend

NEWARK, Del., May 09, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and a number of other related business services, on the Delmarva Peninsula, today announced that revenues for the first quarter of 2023 were $22.5 million, a $0.3 million, or 1.4% increase, compared to revenues recorded during the same period of 2022. Our net income applicable to common stock decreased $0.8 million, or 17.4%. Diluted net income per share decreased 17.0% to $0.39 for the three months ended March 31, 2023 compared to $0.47 for the first quarter of 2022.

Artesian Resources Corporation Reports First Quarter 2023 Results

NEWARK, Del., April 28, 2023 (GLOBE NEWSWIRE) -- Artesian Water Company, Inc. (“Artesian” or the “Company”), a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), today announced its filing for a change in customer rates with the Delaware Public Service Commission (PSC).

Artesian Water Company, Inc. Files Application for Increase in Customer Rates with Delaware Public Service Commission for the First Time in Nine Years

NEWARK, Del., April 20, 2023 (GLOBE NEWSWIRE) -- Artesian Water Company, Inc., a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), received the U.S. Environmental Protection Agency's (EPA) AQUARIUS Excellence in Community Engagement Award. Artesian was recognized for its purchase of the Town of Frankford Water System and subsequent Delaware Avenue Main Extension project in Sussex County, Delaware, which utilized over $2 million of grant money from the Clean Water State Revolving Fund (CWSRF).

Artesian Water Company, Inc. Receives the U.S. Environmental Protection Agency's Distinguished AQUARIUS Excellence in Community Engagement Award

NEWARK, Del., April 11, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (NASDAQ: ARTNA), a leading provider of water and wastewater services, and a number of other related core business services, on the Delmarva Peninsula, today announced that its 2022 Annual Report is available electronically to shareholders through its website at https://www.artesianwater.com/investor-relations/annual-report/. If any shareholder would like to receive a print copy of the 2022 Annual Report, they can request one free of charge by writing or calling Artesian Resources Corporation, 664 Churchmans Road, Newark, Delaware 19702, Attention Laura Slayman (Phone Number: 302-453-6900).

Artesian Resources Corporation 2022 Annual Report Available Electronically to Shareholders

NEWARK, Del., March 09, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and a number of other related core business services, on the Delmarva Peninsula, today announced earnings results for the fourth quarter and year ended December 31, 2022.

Artesian Resources Corporation Reports 2022 Year-End Earnings and Fourth Quarter Results

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Artesian Resources Corporation is a wonderfully steady wealth compounder that has had a huge year given its consistent 5% annual growth profile. Historically, Artesian Resources' share price has stagnated after rapid runups similar to this one and fell significantly during the Great Recession.

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NEWARK, Del., Nov. 29, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA), announced that Raymond T. Kelly, CPA, was named Vice President of Information Technology, effective November 4, 2022. Mr. Kelly joined Artesian in 2013 as Manager of Business Applications and was promoted to the Director of Information Technology in 2016. Prior to joining Artesian he served as a Manager for PricewaterhouseCoopers, where he progressively advanced from an Associate; leading information technology audits, financial audits of publicly traded institutions, and utility meter to cash system engagements.

Artesian Resources Corporation Names Raymond T. Kelly, CPA, Vice President of Information Technology

NEWARK, Del., Nov. 29, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA), announced that Courtney A. Emerson, Esq., General Counsel, was named Assistant Secretary, effective November 4, 2022. Ms. Emerson joined Artesian in 2021 and oversees the Legal Department along with a staff of paralegals.

Artesian Resources Corporation Names Courtney A. Emerson, Esq.

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