Artesian Resources Corporation

Artesian Resources Corporation

ARTNAยทNASDAQ

$32.43

+1.2%
UtilitiesRegulated Water

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

At a Glance

Live Snapshot
Market Cap$334.82M
EPS2.2100
P/E Ratio14.67
Earnings Date08/03/2026
3Y+66.0%
5Y+98.0%
10Y+35.0%
3Y+7.0%
5Y+47.0%
10Y+109.0%
3Y-46.0%
5Y-9.0%
10Y-1175.0%
ARTNA

Artesian Resources Corporation Cash Conversion Engine

ARTNA ยท NASDAQ
Net Income22.82M
Depreciation & Amortization13.81M
Stock-Based Compensation246.00K
Change in Working Capital3.44M
Others30.00K
Capital Expenditures-58.84M
Free Cash Flow-18.50M

Cash Flow Quality Analysis

FCF Conversion Rate

-81.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

145.9%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-102.9%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$3.44M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Artesian Resources Corporation Cash Flow Statement

ARTNA โ€ข NASDAQ

Artesian Resources Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
22.8M
20.4M
16.7M
18M
16.8M
16.8M
14.9M
14.3M
14M
13M
11.3M
9.5M
8.3M
9.8M
6.7M
7.6M
7.3M
6.4M
6.3M
6.1M
13.8M
13.6M
13.3M
12.6M
11.9M
11.1M
10.8M
10.3M
9.6M
9.2M
8.8M
8.7M
8.3M
7.9M
7.4M
7M
6.6M
5.8M
5.2M
4.6M
0.0
564K
3.8M
2.3M
2.8M
-2M
-2.8M
899K
8.2M
5.5M
5.1M
7.3M
3.8M
4.2M
4.5M
3.5M
4.6M
4.4M
3.7M
3.7M
246K
219K
254K
152K
193K
178K
181K
192K
423K
92K
183K
135K
123K
108K
120K
111K
98K
122K
196K
322K
30K
-549K
-796K
-894K
-556K
-781K
-886K
-427K
-227K
-146K
-163K
-212K
-208K
-205K
-100K
-183K
-413K
-759K
-324K
-1.6M
(0.0)
(5.7M)
(3.6M)
(3.5M)
(5.2M)
(8.8M)
(7.3M)
(3.3M)
(1.3M)
(1.4M)
(2.6M)
(1.6M)
(2M)
(312K)
(312K)
(1.9M)
(350K)
(0.0)
(725K)
(261K)
3.4M
2.6M
-1.5M
-7.9M
158K
-5M
-3.3M
3.9M
3.8M
2.2M
3M
-7M
712K
1.5M
580K
46K
-4.7M
2.2M
-3.3M
-380K
40.3M
36.8M
31.9M
24.3M
31.3M
20.4M
18.9M
29.1M
35.8M
29.8M
28.3M
18.3M
21M
23.4M
19.2M
18.1M
13.4M
18.2M
11.6M
12.7M
INVESTING ACTIVITIES
-58.8M
-45.9M
-62.2M
-48.5M
-40.8M
-34.3M
-40.7M
-49.1M
-41.1M
-28.3M
-20.7M
-23.7M
-21.2M
-20.5M
-15.8M
-19.6M
-17.4M
-45.1M
-26.7M
-30.9M
(129K)
(0.0)
(0.0)
-6.3M
(90K)
-5.7M
(51K)
(49K)
(87K)
(96K)
(48K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-4.8M
(0.0)
(0.0)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2K
37K
0.0
623K
99K
65K
0.0
46K
0.0
49K
87K
96K
48K
35K
33K
29K
55K
61K
43K
62K
27K
1.4M
-58.7M
-45.3M
-62.1M
-54.8M
-40.7M
-40M
-40.6M
-49M
-41M
-28.2M
-20.6M
-23.7M
-21.2M
-20.5M
-15.7M
-19.6M
-17.3M
-49.8M
-26.7M
-29.5M
FINANCING ACTIVITIES
342K
347K
37.1M
2.1M
1.4M
1.5M
1M
956K
1.7M
1.8M
3M
1.7M
2.4M
2.1M
17.2M
1.9M
1.4M
1.3M
12.3M
1.8M
3.5M
-1.5M
-16.6M
23.6M
2.1M
17.6M
19.8M
17M
1.3M
-4.6M
-9.3M
7.7M
-1.1M
-1.9M
-16.1M
3M
3.3M
34.1M
-7.5M
6.4M
-12.7M
-12.2M
-11.2M
-10.3M
-9.8M
-9.4M
-9.1M
-8.8M
-8.5M
-8.2M
-7.8M
-7.5M
-7.2M
-6.9M
-6.2M
-5.7M
-5.4M
-5.2M
-4.5M
-3.7M
26.1M
20.4M
22.5M
16.3M
15.8M
9.3M
11.3M
11M
13.2M
9.4M
9.4M
3.3M
5.8M
4.1M
1.7M
1.9M
2.2M
1.8M
15.8M
12.4M
17.3M
7.1M
31.4M
31.7M
9.5M
19M
22.1M
19.2M
6M
-1.6M
-7.7M
5.2M
-62K
-2.6M
-3.4M
1.2M
1.6M
32M
16.2M
16.8M
CASH FLOW SUMMARY
-1.1M
-1.4M
1.2M
1.2M
64K
-568K
303K
-659K
726K
17K
-34K
-179K
-195K
306K
132K
-295K
-2.4M
374K
1.1M
55K
1.1M
2.5M
1.3M
92K
28K
596K
293K
952K
226K
209K
243K
422K
617K
311K
179K
474K
2.9M
2.5M
1.4M
1.4M
52K
1.1M
2.5M
1.3M
92K
28K
596K
293K
952K
226K
209K
243K
422K
617K
311K
179K
474K
2.9M
2.5M
1.4M
-18.5M
-9.1M
-30.3M
-24.2M
-9.5M
-13.9M
-21.8M
-19.9M
-5.3M
1.5M
7.6M
-5.4M
-166K
2.8M
3.4M
-1.5M
-4M
-26.9M
-15.1M
-18.2M

SEC Filings

ARTNA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 05, 2026
2026
10-K/A

10-K/A 2025 FY (Amended)

FY

April 01, 2026
December 31, 2025
2025
10-K

10-K 2025 FY

FY

March 16, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 13, 2026
March 12, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 03, 2025
October 30, 2025
2025
8-K

8-K 2025

N/A

October 31, 2025
October 30, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 08, 2025
June 30, 2025
2025
Showing 1 to 10 of 282 filings