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Artesian Resources
Artesian Resources

Water service & technology / Water Utilities and Services

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Artesian Resources is a Delaware-based water and wastewater utility company that provides services to over 300,000 customers in Delaware, Maryland, and Pennsylvania. The company was founded in 1905 and is publicly traded on the NASDAQ stock exchange under the ticker symbol ARTNA.
The company's primary business is the distribution of water to residential, commercial, and industrial customers. They also provide wastewater services to customers through their subsidiary company, Artesian Wastewater Management.
In addition to providing water and wastewater services, Artesian Resources is committed to sustainable and responsible practices. They have implemented initiatives such as water conservation and groundwater protection programs to preserve and protect natural resources. The company also offers educational resources and workshops to help customers understand their water usage and ways to reduce consumption.
Artesian Resources has received numerous awards and recognitions for their commitment to sustainability, customer service, and financial performance. They have also been recognized for their philanthropic efforts, supporting various community organizations and initiatives.
Overall, Artesian Resources is a respected and trusted utility company that is dedicated to providing reliable water services and supporting the communities they serve.
What is special about the company?
1. Dedicated to Sustainability: Artesian Resources has a strong commitment to sustainability and environmental responsibility, with a focus on providing clean and safe water to its customers and protecting local ecosystems.
2. Long History: The company was founded in 1905 and has a long history of providing water services to communities in Delaware, Maryland, and Pennsylvania.
3. Private Ownership: Unlike many water utilities, Artesian Resources is a privately-owned company. This means that it is not subject to the same regulations and pressure for profit as public water utilities.
4. Emphasis on Customer Service: Artesian Resources prioritizes customer service and has earned a reputation for quickly addressing any water quality or service issues that may arise.
5. Technological Advances: The company has invested in cutting-edge technology and infrastructure to improve the efficiency and reliability of its water systems.
6. Community Involvement: Artesian Resources actively engages with the communities it serves, supporting local events and initiatives and providing educational programs on water conservation and environmental protection.
7. Strong Financial Performance: The company has a history of strong financial performance, with consistent growth and a solid balance sheet, making it a stable and reliable investment.
8. Diversified Business Segments: In addition to its water services, Artesian Resources also has a growing services segment, which includes wastewater management, water resource management, and engineering services.
9. Experienced Management Team: The company is led by an experienced management team with a deep understanding of the water industry and a strategic vision for future growth and development.
10. Industry Recognition: Artesian Resources has been consistently recognized for its excellence in operations and customer service, including being named one of the top 10 water utilities in the country by the Wall Street Journal.
What the company's business model?
The Artesian Resources company is a regulated water utility company that provides water, wastewater, and other related services to residential, commercial, and industrial customers in the Mid-Atlantic region of the United States. The company's business model is focused on the acquisition, construction, operation, and maintenance of water and wastewater systems, as well as the sale and distribution of water resources to customers. Artesian Resources generates revenue by charging customers for the usage of its services, as well as by securing contracts with new customers and expanding its service area through acquisitions and partnerships. Additionally, the company operates as a socially responsible corporate citizen by implementing sustainable and environmentally-friendly practices in its operations.
Interesting facts about the company
1. Artesian Resources is a water and wastewater utility company based in Newark, Delaware. It was founded in 1905 and is the oldest and largest investor-owned water utility on the Delmarva Peninsula.
2. The company serves over 89,000 customers in Delaware, Maryland and Pennsylvania, providing essential services such as drinking water, water resource management, and wastewater treatment.
3. Artesian Resources has been consistently recognized as one of the best-managed water utilities in the country, receiving numerous awards and certifications for its environmental stewardship and customer service.
4. The company has a unique management structure, with a single ownership family, the Dianas, controlling the majority of shares and serving as the board of directors.
5. In addition to its utility services, Artesian Resources also operates Artesian Water Maryland, a bottled water company, and Artesian Wastewater Management, a wastewater management company.
6. Artesian Resources has a strong commitment to sustainability and has implemented several initiatives to reduce its environmental impact, such as installing solar panels at its water treatment plants and using energy-efficient vehicles in its fleet.
7. The company has also invested in developing and maintaining a sustainable water supply for the future, including constructing groundwater recharge facilities and utilizing advanced water treatment technologies.
8. In 2020, Artesian Resources was named one of America’s Most Trustworthy Public Companies by Forbes Magazine, ranking in the top 100 out of 3,500 publicly traded companies.
9. The company’s subsidiary, Artesian Water Pennsylvania, was the first investor-owned utility in the country to receive certification from the Alliance for Water Stewardship for its sustainable water management practices.
10. In addition to its corporate social responsibility efforts, Artesian Resources has also been actively involved in community outreach and support. The company has donated over $1.6 million to local charities and organizations since 1995.
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