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.
Artesian Resources (ARTNA) is a Dividend Champion water utility trading at a 20% discount to fair value, with strong fundamentals and reliable dividend growth. Q1 2026 results showed 7.3% revenue growth and 7.5% EPS growth, driven by temporary rate increases and infrastructure investments. Pending Delaware rate case approval and ongoing capex are expected to drive mid-single-digit EPS growth and support a 4% dividend yield.
Artesian Resources remains a buy, backed by robust infrastructure investment and a favorable pending rate case with Delaware regulators. ARTNA's shares trade at a 22% discount to fair value, with a forward P/E of 15.5 versus a justified 20, offering compelling upside. Temporary EPS headwinds in 2026 are expected to reverse, with a projected 10% rebound in 2027 as new assets earn regulated returns.
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| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,000 | $31,850 | $35,750 | $3,900 | 12.24% |
| ARS Adelbert R. Sanchez Deprince Race & Zollo Inc | 73,706 | $2.89M | $2.6M | -$284,391.3 | -9.85% |
Jennifer Easley Gitterman Wealth Management LLC | 7,134 | $235,652.88 | $254,969.16 | $19,316.28 | 8.2% |
| MPM Mark P. Mennitt CenterBook Partners LP | 30,125 | $1.02M | $1.08M | $52,116.25 | 5.09% |
| Water Utilities Industry | Utilities Sector | Nicholle R. Taylor CEO | NASDAQ (NGS) Exchange | 043113208 CUSIP |
| US Country | 274 Employees | 17 Aug 2026 Last Dividend | 3 Jul 2006 Last Split | - IPO Date |
Artesian Resources Corporation is a long-established company, having been founded in 1905, with its headquarters located in Newark, Delaware. The company operates through its subsidiaries, providing a variety of essential services across Delaware, Maryland, and Pennsylvania. Its primary offerings include the distribution and sale of water, wastewater collection and treatment, and other ancillary services catering to a broad spectrum of customers which includes residential, commercial, industrial, and governmental entities. The company's commitment to delivering vital water and wastewater services underscores its crucial role in the infrastructure and public health sectors in the regions it serves.
Artesian Resources Corporation provides high-quality water services to a diverse range of customers, encompassing residential, commercial, industrial, governmental, municipal, and utility sectors. The company's services are critical for both daily consumption and public & private fire protection across Delaware, Maryland, and Pennsylvania.
This includes the collection and treatment of wastewater for customers in Delaware, aiming to ensure public health and environmental standards are met through advanced treatment processes and infrastructure management.
Artesian also offers specialized contract services that cater to the operational and billing needs of other water utilities, emphasizing its expertise and flexibility in managing water-related services comprehensively.
The company provides various protection plans covering water, sewer, and internal service lines. These plans are designed to offer peace of mind and protection against unexpected service issues or infrastructural damages to homeowners and businesses.
Apart from treatment services, Artesian engages in broader wastewater management, offering services that encompass the design, construction, and engineering aspects, ensuring that wastewater systems operate efficiently and comply with regulatory standards.
Artesian owns real estate for operational purposes, including lands for office buildings, water treatment, and wastewater facilities. Additionally, it provides comprehensive storm water management services, which include the design, installation, maintenance, and repair of storm water systems to manage runoff and prevent flooding.