Welcome to our dedicated page for Artesian Res news (Ticker: ARTNA), a resource for investors and traders seeking the latest updates and insights on Artesian Res stock.
Artesian Resources Corporation (NASDAQ: ARTNA) provides essential water and wastewater services across the Mid-Atlantic region. This page aggregates official press releases and news updates directly related to the company’s operations, financial performance, and strategic initiatives.
Investors and stakeholders will find a centralized resource for tracking ARTNA’s quarterly earnings reports, infrastructure investments, regulatory compliance updates, and service area expansions. The curated content spans operational milestones, leadership announcements, and partnerships impacting water resource management.
Key updates include developments in water distribution systems, wastewater treatment projects, and regulated utility rate adjustments. Content is organized to highlight material events affecting the company’s position in the essential services sector while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to ARTNA’s latest corporate communications, or check back regularly for updates on critical infrastructure developments and operational achievements in the water utility sector.
Artesian Resources Corporation (NASDAQ: ARTNA) has announced a 2% increase in its quarterly dividend for both Class A and Class B Common Stock. The new quarterly dividend rate is set at $0.3074 per share, bringing the annualized dividend to $1.2296 per share. The dividend will be payable on May 27, 2025, to shareholders of record as of May 16, 2025. This marks Artesian's 130th consecutive dividend payment to shareholders, demonstrating the company's commitment to maintaining its dividend policy while managing increased costs and meeting stricter water quality standards.
Artesian Water Company (NASDAQ: ARTNA) has appointed Deirdre S. Smith, P.E. as Director of Planning. Smith will oversee the company's Planning Department initiatives, including water main renewals, highway relocation projects, and subdivision planning for water and wastewater systems.
Smith brings over 35 years of experience and previously served as Vice-President and MidAtlantic Area Leader at Verdantas, managing operations in Delaware, Maryland, New Jersey, and southeastern Pennsylvania. She also held the position of partner and Chief Operating Officer at Duffield Associates. Smith holds both Bachelor and Master degrees in Civil Engineering from the University of Delaware.
Currently, Smith serves as President of the Committee of 100, a non-partisan business association promoting economic development in Delaware, and is a board member of Family Promise of Northern New Castle County.
Artesian Resources (Nasdaq: ARTNA), a leading provider of water and wastewater services on the Delmarva Peninsula, has announced that its 2024 Annual Report is now available electronically to shareholders through the company's website. Shareholders can access the report at the investor relations section of artesianwater.com.
For those preferring a physical copy, shareholders can request a free printed version by contacting the company directly at their Newark, Delaware headquarters.
Artesian Water Company, a subsidiary of Artesian Resources (NASDAQ: ARTNA), has filed an application with the Delaware Public Service Commission for a 12.41% rate increase, seeking approximately $10.8 million in additional annual revenue. The effective rate increase would be 10.75% after resetting the current 1.66% Distribution System Improvement Charge.
The rate adjustment aims to recover over $58.5 million in utility plant investments made since October 2023 through September 2025. Key investments include PFAS treatment systems at fourteen facilities and infrastructure upgrades to aging facilities and pipelines dating 50-75 years old. The company cites rising operational costs, particularly in electric power and PFAS filter media maintenance.
If approved, the average residential customer using 4,000 gallons monthly would see their bill increase from $52.94 to $59.76, representing an additional $0.23 per day.
Artesian Resources (ARTNA) reported strong financial results for 2024, with net income reaching $20.4 million, a 22.1% increase from 2023. The company's revenues totaled $108.0 million, up 9.2% year-over-year, with diluted EPS of $1.98 compared to $1.67 in 2023.
Water sales revenue increased by $8.0 million (10.1%), primarily due to a rate increase effective November 28, 2023, increased water consumption, and customer base growth. The company invested $45.9 million in infrastructure projects during 2024, focusing on facility relocation, aging infrastructure rehabilitation, and wastewater treatment plant construction.
Operating expenses increased by $4.1 million (7.3%), mainly due to higher utility operating costs, including supply and treatment, payroll, and employee benefits. The company's financial results benefited from the Delaware Public Service Commission's settlement of their 2023 rate filing to recover water utility plant investments.
Artesian Resources (ARTNA) has announced its Board of Directors has declared a regular quarterly dividend of $0.3014 per share on both Class A and Class B Common Stock. The dividend will be paid on February 21, 2025, to shareholders of record as of February 7, 2025. This payment represents an annualized dividend rate of $1.2056 and marks the company's 129th consecutive quarterly dividend distribution to shareholders.
Artesian Resources (ARTNA) has announced a 2% increase in its quarterly common stock dividend, marking the second increase this year for a total annual increase of 4%. The new quarterly dividend of $0.3014 per share on Class A and Class B Common Stock raises the annualized dividend rate to $1.2056 per share. The dividend is payable November 25, 2024, to shareholders of record as of November 15, 2024. This represents the company's 128th consecutive quarterly dividend payment to shareholders.
Artesian Resources (ARTNA) reported strong Q3 2024 results with net income of $6.8 million, up 34.4% year-over-year. Revenues increased 9.7% to $29.1 million, driven by a 11.3% rise in water sales revenue following a 15.2% rate increase approved by Delaware regulators. The company's year-to-date performance showed net income of $16.5 million, up 25.2%, with revenues reaching $81.1 million, a 9.1% increase. Capital expenditures of $30.9 million were invested in infrastructure projects during the first nine months of 2024, focusing on water quality initiatives and system improvements.
Artesian Resources (Nasdaq: ARTNA) reported strong financial results for Q2 and H1 2024. Key highlights include:
- Q2 net income increased 19.9% to $5.3 million
- Q2 diluted EPS rose 18.2% to $0.52
- Q2 revenues grew 8.6% to $27.4 million
- H1 net income up 19.5% to $9.7 million
- H1 diluted EPS increased 13.1% to $0.95
- H1 revenues rose 8.8% to $52.0 million
The company benefited from a rate increase, customer growth, and increased water consumption due to warmer weather. Artesian invested $18.4 million in infrastructure projects during H1 2024, focusing on PFAS treatment, facility upgrades, and expanding water and wastewater services.
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