Artesian Resources Corporation (OQ:ARTNA)
Business Focus: Water Supply & Irrigation Systems
| Sector: Utilities | Industry: Water Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 664 CHURCHMANS RD NEWARK DE 19702 |
| Tel: | 1-800-3325114 |
| Website: | https://www.artesianwater.com |
| IR: | See website |
| Key People | ||
| Dian C. Taylor Chairman of the Board, President, Chief Executive Officer | Courtney Emerson General Counsel, Assistant Secretary | David B. Spacht Chief Financial Officer |
| Joseph A. DiNunzio Executive Vice President, Corporate Secretary | Jennifer Leigh Finch Senior Vice President - Finance, Corporate Treasurer | Pierre A. Anderson Senior Vice President, Chief Information Officer |
| Nicholle R. Taylor Senior Vice President, Director, President of Artesian Water Company Inc | John M. Thaeder Senior Vice President - Operations | Raymond T. Kelly Vice President - Information Technology | Daniel W. Konstanski Vice President - Engineering |
| Business Overview |
| Artesian Resources Corporation is a holding company. The Company offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The Company operates through the Regulated Utility segment. The Regulated Utility segment includes an aggregation of its five regulated utility subsidiaries that are in the business of providing regulated water and wastewater services on the Delmarva Peninsula. Its regulated water utility services include treating, distributing, and selling water to residential, commercial, industrial, governmental, municipal, and utility customers throughout the State of Delaware and in Cecil County, Maryland, and to a residential community in Chester County, Pennsylvania. The regulated wastewater utility services include the treatment and disposal of wastewater for customers in Sussex County, Delaware. In addition, it provides contract water and wastewater operations, and water, sewer, and internal service line protection plans. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Artesian Resources Corporation revenues remained flat at $98.9M. Net income decreased 7% to $16.7M. Revenues reflect Regulated utility segment increase of 3% to $92.2M, also reflect Other (non Utility) segment decrease of 26% to $6.9M. Net income was partially offset by Regulated utility segment income decrease of 6% to $21.2M, Other (non Utility) segment income decrease of 10% to $1.2M. |
| Employees: | 251 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $532.31M as of Dec 31, 2023 |
| Annual revenue (TTM): | $98.86M as of Dec 31, 2023 |
| EBITDA (TTM): | $42.13M as of Dec 31, 2023 |
| Net annual income (TTM): | $16.70M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$41.57M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $178.05M as of Dec 31, 2023 |
| Shares outstanding: | 10,288,238 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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