Artesian Resources Corporation

ARTNA

NASDAQ · Water Utilities

$33.75

At close - Sep 23, 4:00 PM EDT - USD

Market Cap$348M

P/E15.3x

52W High$36.98

Volume30.65K

VCP Research Verdict2026Q1

Regulated Infrastructure Expansion Drives Consistent Revenue Growth

Artesian Resources leverages its concentrated Delaware service territory to drive top-line growth, evidenced by a 7.3% year-over-year revenue increase in 2026Q1. While the company maintains a stable 30.0% operating margin, investors should monitor the structur...

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MARKET ACTION

ARTNA price & volume

Price trend, volume and key moving averages

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Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

ARTNA+10.45%

S&P 500 (^GSPC)+12.39%

1-Year Return

ARTNA+6.02%

S&P 500 (^GSPC)+15.77%

3-Year Return

ARTNA-14.29%

S&P 500 (^GSPC)+76.24%

5-Year Return

ARTNA+2.43%

S&P 500 (^GSPC)+69.74%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y Low

15.3x

Forward P/EExpansion

14.9x

EV/EBITDA20th %ile

10.7x

FCF YieldCash Flow

N/A

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

15.3x

24.8x

20th· Low

EV/EBITDA

10.7x

16.6x

20th· Low

Price/FCF

N/A

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend

Revenue

$113M+4.6% YoY

Net income

$23M+11.9% YoY

Free cash flow

-$18M-102.9% YoY

Operating margin

31.5%+7.3 pts YoY

ROIC (TTM)6.3%

Avg ROIC 5Y-

ROE (TTM)9.3%

Piotroski Score5 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate11/12 (92%)

Revenue Beat Rate9/12 (75%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Aug 6, 2026	$0.64+8.5% vs $0.59	$31M+2.9% vs $30M
Q2 2026 May 5, 2026	$0.57+18.8% vs $0.48	$28M+2.9% vs $27M
Q2 2026 Mar 12, 2026	$0.40+8.1% vs $0.37	$28M+0.1% vs $28M
Q4 2025 Oct 30, 2025	$0.68+3.0% vs $0.66	$30M+8.9% vs $28M

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

2 Stories

Seeking Alpha·Aug 28, 2026

Artesian Resources: Don't Overlook Great Small Companies

Artesian Resources is a regulated water utility trading at an 18% discount to fair value, with a strong growth outlook and robust dividend profile. ARTNA reported Q2 2026 revenue growth of 7.4% and diluted EPS growth of 4.9%, supported by temporary rate increases and customer expansion. Capex of $25.9 million in H1 2026 underpins a projected 5.3% annual EPS growth through 2028, with a well-covered 3.7% dividend yield and 31-year growth streak.

GlobeNewsWire·Aug 6, 2026

Artesian Resources Corporation Declares Third Quarter 2026 Common Stock Dividend

NEWARK, Del., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) today announced that its Board of Directors has declared a regular quarterly dividend on the Company's Class A and Class B common stock. The dividend of $0.3199 per share will be payable on August 28, 2026, to shareholders of record as of the close of business on August 17, 2026, representing an annualized dividend per share of $1.2796.

Filtered for Artesian Resources CorporationMore Headlines

Compare before deciding

Benchmark ARTNA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Artesian Resources Corporation (ARTNA)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
ARTNAArtesian Resources CorporationCurrent	$33.75	$348.45M	15.27	4.62%	20.21%	9.33%	3.64%
MSEXMiddlesex Water Company	$53.65	$999.19M	22.73	1.47%	23.26%	9.57%	—
YORWThe York Water Company	$30.93	$501.35M	22.25	3.37%	401.03%	9.38%	—
GWRSGlobal Water Resources, Inc.	$8.08	$232.41M	73.45	5.82%	5.22%	3.63%	—
AWRAmerican States Water Company	$83.24	$3.26B	24.70	10.52%	20.52%	13.5%	—
AWKAmerican Water Works Company, Inc.	$133.06	$26.44B	23.34	9.74%	21.35%	10.15%	—

Compare ARTNA vs Peers

Artesian Resources Corporation (ARTNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSEX

Most directly comparable listed peer for ARTNA.

Scale Benchmark

vs NEE

Larger-name benchmark to compare ARTNA against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSEX, YORW, GWRS, AWR

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ARTNA SEC Filings & Documents

Artesian Resources Corporation (ARTNA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Aug 7, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

FY 2026

Mar 16, 2026·SEC

FY 2025

Mar 26, 2025·SEC

FY 2024

Mar 18, 2024·SEC

10-Q Quarterly Reports

FY 2026

Aug 12, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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ARTNA Frequently Asked Questions

Artesian Resources Corporation (ARTNA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Artesian Resources Corporation's revenue?

Artesian Resources Corporation (ARTNA) reported $116.9M in revenue for fiscal year 2025. This represents a 460% increase from $20.9M in 1996.

How fast is Artesian Resources Corporation growing?

Artesian Resources Corporation (ARTNA) grew revenue by 4.6% over the past year. Growth has been modest.

Is ARTNA profitable?

Yes, Artesian Resources Corporation (ARTNA) is profitable, generating $23.6M in net income for fiscal year 2025 (20.2% net margin).

Dividend & Returns

Does ARTNA pay dividends?

Yes, Artesian Resources Corporation (ARTNA) pays a dividend with a yield of 3.64%. This makes it attractive for income-focused investors.

What is ARTNA's return on equity?

Artesian Resources Corporation (ARTNA) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.

What is Artesian Resources Corporation's free cash flow?

Artesian Resources Corporation (ARTNA) generated $4.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Is ARTNA's dividend sustainable?

Artesian Resources Corporation (ARTNA) has a dividend payout ratio of 56%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in ARTNA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Aug 6, 2026

$0.64+8.5%

vs $0.59

$31M+2.9%

vs $30M

Q2 2026

May 5, 2026

$0.57+18.8%

vs $0.48

$28M+2.9%

vs $27M

Q2 2026

Mar 12, 2026

$0.40+8.1%

vs $0.37

$28M+0.1%

vs $28M

Q4 2025

Oct 30, 2025

$0.68+3.0%

vs $0.66

$30M+8.9%

vs $28M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

ARTNAArtesian Resources CorporationCurrent

$33.75

$348.45M

15.27

4.62%

20.21%

9.33%

3.64%

MSEXMiddlesex Water Company

$53.65

$999.19M

22.73

1.47%

23.26%

9.57%

—

YORWThe York Water Company

$30.93

$501.35M

22.25

3.37%

401.03%

9.38%

—

GWRSGlobal Water Resources, Inc.

$8.08

$232.41M

73.45

5.82%

5.22%

3.63%

—

AWRAmerican States Water Company

$83.24

$3.26B

24.70

10.52%

20.52%

13.5%

—

AWKAmerican Water Works Company, Inc.

$133.06

$26.44B

23.34

9.74%

21.35%

10.15%

—