Company research
ARTESIAN RESOURCES CORP
CIK 863110Updated Sep 24, 2026
ARTNA price & chart
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NASDAQ:ARTNA on TradingView ↗In the news
Artesian Resources Corporation Reports First Quarter 2026 Results ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 851,229,000Source | 798,623,000Source | 766,832,000Source | 719,791,000Source |
| Property, Plant and Equipment, NetUSD | 3,541,000Source | 3,603,000Source | 3,693,000Source | 3,740,000Source |
| GoodwillUSD | 1,939,000Source | 1,939,000Source | 1,939,000Source | 1,939,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 52,000Source | 1,147,000Source | 2,505,000Source | 1,309,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 9,489,000Source | 11,339,000Source | 12,830,000Source | 13,511,000Source |
| Assets, CurrentUSD | 21,417,000Source | 24,528,000Source | 30,617,000Source | 27,804,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 3,673,000Source | 3,091,000Source | 3,297,000Source | 2,878,000Source |
| Operating Lease, Right-of-Use AssetUSD | 414,000Source | 414,000Source | 506,000Source | 467,000Source |
| Other Assets, NoncurrentUSD | 9,571,000Source | 6,525,000Source | 8,504,000Source | 10,536,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 10,316,000Source | 10,300,000Source | 10,285,000Source | 9,503,000Source |
| Additional Paid in CapitalUSD | 144,492,000Source | 143,920,000Source | 143,369,000Source | 107,142,000Source |
| Retained Earnings (Accumulated Deficit)USD | 95,114,000Source | 84,969,000Source | 76,743,000Source | 71,286,000Source |
| Stockholders' Equity Attributable to ParentUSD | 249,922,000Source | 239,189,000Source | 230,397,000Source | 187,931,000Source |
| Liabilities and EquityUSD | 851,229,000Source | 798,623,000Source | 766,832,000Source | 719,791,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 33,722,000Source | 25,593,000Source | 22,414,000Source | 44,069,000Source |
| Operating Lease, Liability, CurrentUSD | 9,000Source | 8,000Source | 9,000Source | 2,000Source |
| Accounts Payable, CurrentUSD | 14,018,000Source | 11,228,000Source | 9,697,000Source | 10,929,000Source |
| Operating Lease, Liability, NoncurrentUSD | 407,000Source | 404,000Source | 503,000Source | 466,000Source |
| Deferred Income Tax Liabilities, NetUSD | 54,756,000Source | 52,265,000Source | 58,381,000Source | 54,552,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 4,601,000Source | 5,336,000Source | 3,519,000Source | 4,246,000Source |
| Deferred Tax Liabilities, NetUSD | 54,756,000Source | 52,265,000Source | 58,381,000Source | 54,552,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 2,132,000Source | 2,167,000Source | 2,235,000Source | 2,003,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 174,276,000Source | 176,509,000Source | 178,307,000Source | 175,619,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 13,806,000Source | 13,629,000Source | 13,335,000Source | 12,620,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 246,000Source | 219,000Source | 254,000Source | 152,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -5,026,000Source | 257,000Source | -807,000Source | 3,779,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,748,000Source | 305,000Source | 284,000Source | -3,989,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,477,000Source | 1,480,000Source | 3,813,000Source | 2,282,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 40,346,000Source | 36,823,000Source | 31,851,000Source | 24,265,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 0Source | 0Source | 6,341,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -58,716,000Source | -45,319,000Source | -62,078,000Source | -54,759,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 58,845,000Source | 45,942,000Source | 62,177,000Source | 48,483,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 17,275,000Source | 7,138,000Source | 31,423,000Source | 31,711,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 2,268,000Source | 2,257,000Source | 2,010,000Source | 1,643,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,095,000Source | -1,358,000Source | 1,196,000Source | 1,217,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 52,000Source | 1,147,000Source | 2,505,000Source | 1,309,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 8,348,000Source | 9,771,000Source | 7,515,000Source | 8,430,000Source |
| Income Taxes Paid, NetUSD | 6,904,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 352,000Source | 353,000Source | 355,000Source | — |
| GoodwillUSD | 1,939,000Source | 1,939,000Source | 1,939,000Source | 1,939,000Source |
| Income Tax Expense (Benefit)USD | 7,831,000Source | 7,315,000Source | 6,348,000Source | 5,878,000Source |
| Net Income (Loss) Attributable to ParentUSD | 22,822,000Source | 20,394,000Source | 16,699,000Source | 17,998,000Source |
| Operating ExpensesUSD | 85,159,000Source | 81,801,000Source | 76,415,000Source | 74,991,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 32,000Source |
| Other Nonoperating Income (Expense)USD | 1,347,000Source | 1,379,000Source | 1,407,000Source | 1,265,000Source |
| Other Operating Income (Expense), NetUSD | 3,726,000Source | 3,022,000Source | 3,409,000Source | 2,594,000Source |
| Proceeds from Issuance of Common StockUSD | 342,000Source | 347,000Source | 37,073,000Source | 2,090,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 148,000Source | 1,650,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 140,000Source | 233,000Source | 92,000Source | — |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | 1,640,000Source | 1,135,000Source | 1,243,000Source | 894,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 112,941,000Source | 107,952,000Source | 98,861,000Source | 98,897,000Source |
| Operating Income (Loss)USD | 27,782,000Source | 26,151,000Source | 22,446,000Source | 23,906,000Source |
| Other Nonoperating Income (Expense)USD | 1,347,000Source | 1,379,000Source | 1,407,000Source | 1,265,000Source |
| Income Tax Expense (Benefit)USD | 7,831,000Source | 7,315,000Source | 6,348,000Source | 5,878,000Source |
| Net Income (Loss) Attributable to ParentUSD | 22,822,000Source | 20,394,000Source | 16,699,000Source | 17,998,000Source |
| Earnings Per Share, BasicUSD per share | 2.21Source | 1.98Source | 1.67Source | 1.9Source |
| Earnings Per Share, DilutedUSD per share | 2.21Source | 1.98Source | 1.67Source | 1.9Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 10,309,000Source | 10,294,000Source | 10,018,000Source | 9,462,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 10,312,000Source | 10,296,000Source | 10,022,000Source | 9,481,000Source |
| Additional Financial Items | ||||
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 30,653,000Source | 27,709,000Source | 23,047,000Source | 23,876,000Source |
| Interest ExpenseUSD | 8,686,000Source | 8,779,000Source | 9,156,000Source | 8,502,000Source |
| Operating ExpensesUSD | 85,159,000Source | 81,801,000Source | 76,415,000Source | 74,991,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 32,000Source |
| Other Cost and Expense, OperatingUSD | 4,715,000Source | 4,743,000Source | 4,428,000Source | 6,850,000Source |
| Other Operating Income (Expense), NetUSD | 3,726,000Source | 3,022,000Source | 3,409,000Source | 2,594,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | 1,640,000Source | 1,135,000Source | 1,243,000Source | 894,000Source |
| Taxes, MiscellaneousUSD | 6,396,000Source | 6,318,000Source | 6,099,000Source | 5,871,000Source |