Company Quick10K Filing
Artesian Resources
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 9 $347
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-03-15 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-10 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-14 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-11 Annual: 2009-12-31
8-K 2019-12-17 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-07-30 Officers
8-K 2019-05-13 Shareholder Vote
8-K 2018-09-23
8-K 2018-05-10
8-K 2018-05-07 Shareholder Vote
8-K 2018-01-31 Enter Agreement, Off-BS Arrangement, Exhibits

Artesian Resources Financials

ARTNA Metrics, Comps, Filings

Annual | Quarterly

Business

Artesian Resources Corporation, or Artesian Resources, is a Delaware corporation incorporated in 1927, that operates as the holding company of nine wholly-owned subsidiaries offering water, wastewater and other services in Delaware, Maryland and Pennsylvania. The Company's principal executive offices are located at 664 Churchmans Road, Newark, Delaware 19702. Our principal subsidiary, Artesian Water Company, Inc., is the oldest and largest investor-owned public water utility on the Delmarva Peninsula, and has been providing superior water service since 1905. We distribute and sell water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania. We provide wastewater services to customers in Delaware. In addition, we provide contract water and wastewater operations, and water, sewer and internal Service Line Protection Plans. Our Class A Non-Voting Common Stock is listed on the NASDAQ Global Select Market and trades under the symbol "ARTNA." Our Class B Common Stock trades on the NASDAQ's OTC Bulletin Board under the symbol "ARTNB."

Artesian Resources operates as the parent holding company of five regulated public utilities: Artesian Water Company, Inc., or Artesian Water, Artesian Water Pennsylvania, Inc., or Artesian Water Pennsylvania, Artesian Water Maryland, Inc., or Artesian Water Maryland, Artesian Wastewater Management, Inc., or Artesian Wastewater, and Artesian Wastewater Maryland, Inc., or Artesian Wastewater Maryland; and four non-regulated subsidiaries: Artesian Utility Development, Inc., or Artesian Utility, Artesian Development Corporation, or Artesian Development, Artesian Storm Water Services, Inc., or Artesian Storm Water, and Artesian Consulting Engineers, Inc., or Artesian Consulting Engineers. The terms "we," "our," "Artesian," and the "Company" as used herein refer to Artesian Resources and its subsidiaries. The business activity conducted by each of our subsidiaries is discussed below under separate headings.

Our current market area is the Delmarva Peninsula. Our largest service area is in the State of Delaware. Substantial portions of Delaware, particularly outside of northern New Castle County, are not served by a public water or wastewater system and represent potential opportunities for Artesian Water and Artesian Wastewater to obtain new exclusive franchised service areas. We continue to focus resources on developing and serving existing service territories and obtaining new territories throughout Delaware.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp (SBS) 5,386,058 0% 43,565,118 24,013,430 0 0 0 0 5,354,158
Mastec (MTZ) 3,716,148 15% 8.2 7% 4,797,371 3,246,033 7,352,173 1,071,287 315,901 614,337 5,014,672
American States Water (AWR) 2,732,305 24% 18.6 5% 1,567,283 988,496 461,567 110,115 76,377 161,520 3,012,142
California Water Service (CWT) 2,617,372 0% 28.1 1% 2,964,595 2,241,431 653,587 0 15,368 120,213 3,375,297
SJW Group (SJW) 1,706,141 0% 11.5 2% 2,003,650 1,109,655 403,061 0 44,246 155,724 1,795,151
Dycom Industries (DY) 1,671,520 17% 9.0 3% 2,328,371 1,474,938 3,314,820 572,228 59,951 289,745 2,602,780
Middlesex Water (MSEX) 1,048,357 0% 20.3 4% 807,571 135,932 0 33,981 60,057 1,219,001
Primoris Services (PRIM) 1,023,535 11% 6.0 5% 1,825,211 1,204,346 3,238,059 342,749 89,946 230,961 1,382,363
Connecticut Water Service (CTWS) 845,039 0% 32.9 2% 981,427 292,500 127,024 0 21,217 33,984 1,117,804
MYR Group (MYRG) 605,353 10% 7.8 4% 806,695 467,758 1,831,309 178,716 33,168 90,523 707,477
Aquaventure Holdings (WAAS) 541,589 53% 31.0 -3% 722,469 391,298 176,598 93,158 -18,600 26,292 814,195
Aegion (AEGN) 512,791 20% 20.1 -1% 1,015,468 581,445 1,269,321 250,101 -14,773 38,536 774,785
York Water (YORW) 456,565 0% 18.6 4% 351,851 222,737 49,521 0 14,007 29,913 555,308
Artesian Resources (ARTNA) 347,226 0% 12.6 3% 538,503 126,780 81,305 0 14,242 36,790 462,023
Cadiz (CDZI) 294,746 25% -33.7 -37% 77,526 157,294 443 111 -29,006 -12,272 413,173
Preformed Line Products (PLPC) 263,218 31% 6.5 6% 425,153 167,301 425,819 130,582 24,046 42,627 279,134
Pure Cycle (PCYO) 245,553 30% 62.2 4% 76,840 5,269 14,780 4,447 2,736 3,892 241,972
Global Water Resources (GWRS) 218,920 0% 19.3 1% 264,386 237,623 34,096 0 1,954 16,751 322,495
Consolidated Water (CWCO) 211,982 51% 10.0 9% 181,959 10,223 54,875 28,057 16,725 16,812 168,598
Goldfield (GV) 54,935 0% 4.8 2% 126,383 64,340 121,377 0 3,069 15,756 75,267

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash311617422243209226952293
Accounts Receivable4,9975,7285,1155,0656,3507,7968,8978,159
Inventory
PP&E4,2144,0824,1424,0303,9563,8813,8823,849
Assets378,737391,714403,832422,213431,626450,976494,639529,830
Accounts Payable2,7843,4994,1403,7834,9145,5328,8538,187
Long-Term Debt108,257107,368106,642106,199104,936103,647106,931117,587
Liabilities81,89585,92988,62199,22595,80197,516114,122122,702
Stockholders' Equity112,997118,180121,836125,605132,331139,023146,644153,251
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue80,411
Cost of Revenue
Gross Profit
R&D
SG&A
Tax3121,3912,0141,6152,6081,4347,2954,991
Net Income6,7469,8468,3019,50611,30512,95413,98314,278
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating19,22223,37321,02218,34928,28529,77935,77929,141
Cash Investing-15,732-20,517-21,155-23,695-20,646-28,155-41,007-49,004
Cash Financing-3,358-2,550-625,167-7,673-1,6075,95419,204