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) is a utilities holding company whose subsidiaries provide regulated water and wastewater services and related business services on the Delmarva Peninsula, including operations in Delaware, Maryland and Pennsylvania. The company’s news flow reflects its role as a regional water and wastewater provider, its regulatory environment and its ongoing infrastructure investments.
On this page, readers can follow Artesian Resources news related to quarterly and year-to-date earnings results, rate and regulatory developments, and capital expenditure programs. The company regularly issues press releases detailing changes in operating revenues from water sales, wastewater services and non-utility activities such as Service Line Protection Plan offerings, along with updates on utility operating expenses, taxes and financing.
News items also cover dividend declarations and increases on Artesian’s Class A and Class B common stock, highlighting a long record of consecutive quarterly dividend payments and periodic adjustments to the dividend rate approved by the Board of Directors. Corporate governance developments, such as the appointment of new directors with financial and risk management expertise, are reported through both press releases and SEC Form 8-K filings.
Investors and observers can also track announcements on infrastructure projects and water quality initiatives, including investments in water and wastewater infrastructure, PFAS treatment upgrades, and the use of settlement proceeds from PFAS-related litigation to provide bill credits to eligible customers. Together, these updates provide insight into Artesian Resources’ financial performance, regulatory interactions and operational priorities as a regional water and wastewater utility.
Artesian Resources Corporation (NASDAQ: ARTNA) has declared a quarterly dividend of $0.2784 on its Class A and Class B Common Stock, payable on February 23, 2023. Shareholders of record as of February 9, 2023 will receive this payment. This marks the 121st consecutive quarterly dividend, highlighting the company's ongoing commitment to returning value to its shareholders. Artesian operates primarily on the Delmarva Peninsula, supplying 8.4 billion gallons of water annually through an extensive infrastructure.
The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA) has appointed Raymond T. Kelly as Vice President of Information Technology, effective November 4, 2022. Kelly, who joined Artesian in 2013, previously served as Director of Information Technology. His responsibilities include overseeing all IT functions and enhancing the technology portfolio, including cybersecurity and business process automation. CEO Dian C. Taylor praised Kelly's role in integrating acquisitions and advancing the company's strategic objectives. Artesian Resources, founded in 1905, provides water services to over a third of Delaware.
The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA) has appointed Courtney A. Emerson, Esq. as Assistant Secretary, effective November 4, 2022. Emerson, who joined Artesian in 2021, oversees the Legal Department and has played a crucial role in legal matters affecting the company, including several acquisitions. She has extensive experience as a Senior Associate at Fox Rothschild and has served as an emergency manager for the Delaware Emergency Management Agency. Artesian Resources is a leading provider of water and wastewater services on the Delmarva Peninsula.
Artesian Resources Corporation (Nasdaq: ARTNA) has announced a 2% increase in its quarterly dividend, raising the annualized rate to $1.1136 per share. This results in a quarterly dividend of $0.2784, payable on November 23, 2022, to shareholders of record by November 14, 2022. This marks the company’s 120th consecutive quarterly dividend, reflecting its commitment to shareholder value and financial stability.
Artesian Resources Corporation (Nasdaq: ARTNA) reported strong financial results for Q3 and year-to-date 2022. Q3 net income rose 21.5% to $6.1 million, with diluted earnings per share increasing to $0.65. Year-to-date net income hit $15.7 million, marking a 13.8% increase, and revenues reached $73.8 million, an 8.4% rise. The company invested $36.7 million in water and wastewater infrastructure while announcing a settlement with the Delaware Sand & Gravel Trust for treatment cost reimbursements. Operating expenses slightly increased, while strategic growth initiatives continue to enhance shareholder value.
Artesian Resources Corporation (Nasdaq: ARTNA) announced that its subsidiary, Artesian Water Company, received approval from the Delaware Public Service Commission to return settlement proceeds to customers due to investments in water treatment systems. Customers will receive approximately $27.00 credits, starting October 31, 2022, for four years. Artesian invested $8.7 million in treatment technologies and incurred $1.3 million in related costs at its Llangollen well field, a vital supply source in New Castle County, Delaware. The settlement is part of a long-term remediation effort of a Superfund site.
The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA) has promoted Daniel W. Konstanski, P.E., BCEE, to Vice President of Engineering, effective October 3, 2022. With over nine years in the water and wastewater industry, Konstanski joined Artesian in 2014 and was Manager of Engineering prior to this promotion. He will oversee the Engineering Department and manage capital projects. The company is focused on growth and providing high-quality service, with Konstanski's expertise expected to play a crucial role in this strategy.
Artesian Resources Corporation (NASDAQ: ARTNA) raised over $90,000 during its 11th Annual Charity Golf Outing, increasing the total contributions to over $600,000 across eleven years. The event took place on September 8 at the Deerfield Golf Club, with 124 golfers attending from Artesian’s vendor network. Charitable recipients included the American Heart Association, Deep Roots, Junior Achievement of Delaware, and Habitat for Humanity Sussex County, highlighting the company's commitment to community support.
Artesian Resources Corporation (NASDAQ: ARTNA) reported strong financial results for Q2 2022, with net income rising 12% to $5 million and diluted earnings per share increasing to $0.53. YTD, net income reached $9.5 million, a 9.4% increase. Total revenues grew 11.3% to $25 million for Q2 and 9.5% to $47.2 million YTD, driven by wastewater revenue growth due to recent acquisitions. Operating expenses also rose 12.8% in Q2, partially offset by lower purchased water costs. The company invested $29.6 million in infrastructure improvements and acquisitions year-to-date.
Artesian Resources Corporation (Nasdaq: ARTNA) has declared a quarterly dividend of $0.2729 per share, payable on August 23, 2022 to shareholders of record by August 9, 2022. This dividend marks the company's 119th consecutive quarterly payout to its investors. Artesian Resources, operating primarily in the Delmarva Peninsula, provides essential water and wastewater services, delivering over 8.4 billion gallons of water annually through its extensive infrastructure.