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Artesian Resources (ARTNA)

Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian supplies 8.3 billion gallons of water per year through 1,331 miles of main to over a third of Delawareans.

Company profile

Ticker
ARTNA, ARTNB
Exchange
CEO
Dian C. Taylor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Artesian Water Company, Inc. • Artesian Water Pennsylvania, Inc. • Artesian Water Maryland, Inc. • Artesian Development Corporation • Artesian Wastewater Management, Inc. • Tidewater Environmental Services, Inc. • Artesian Wastewater Maryland, Inc. • Artesian Utility Development, Inc. • Artesian Storm Water Services, Inc. ...
IRS number
510002090

ARTNA stock data

Calendar

5 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 220K 220K 220K 220K 220K 220K
Cash burn (monthly) 86K 12.42K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 123.53K 17.83K n/a n/a n/a n/a
Cash remaining 96.47K 202.17K n/a n/a n/a n/a
Runway (months of cash) 1.1 16.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 May 22 Wyer William C Class A Non-voting Common Stock Other Acquire J No No 40.11 1,000 40.11K 20,500
4 May 22 Wyer William C Restricted Stock Grant Class A Non-voting Common Stock Other Dispose J No No 40.11 1,000 40.11K 0
4 May 22 Taylor Nicholle Renee Class A Non-voting Common Stock Other Acquire J No No 40.11 1,000 40.11K 18,948
4 May 22 Taylor Nicholle Renee Restricted Stock Grant Class A Non-voting Common Stock Other Dispose J No No 40.11 1,000 40.11K 0
4 May 22 Taylor Dian C Class A Non-voting Common Stock Other Acquire J No No 40.11 1,000 40.11K 105,021
4 May 22 Taylor Dian C Restricted Stock Grant Class A Non-voting Common Stock Other Dispose J No No 40.11 1,000 40.11K 0
4 May 22 Eisenbrey John R JR Class A Non-voting Common Stock Other Acquire J No No 40.11 1,000 40.11K 52,751
4 May 22 Eisenbrey John R JR Restricted Stock Grant Class A Non-voting Common Stock Other Dispose J No No 40.11 1,000 40.11K 0
4 May 22 Biederman Kenneth R Class A Non-voting Common Stock Other Acquire J No No 40.11 1,000 40.11K 22,875
4 May 22 Biederman Kenneth R Restricted Stock Grant Class A Non-voting Common Stock Other Dispose J No No 40.11 1,000 40.11K 0
51.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 96 93 +3.2%
Opened positions 10 13 -23.1%
Closed positions 7 8 -12.5%
Increased positions 27 27
Reduced positions 36 27 +33.3%
13F shares Current Prev Q Change
Total value 214.51M 409.77M -47.7%
Total shares 4.42M 4.3M +2.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 779.5K $37.85M +17.3%
Vanguard 397.05K $19.28M +0.6%
Renaissance Technologies 357.41K $17.35M -2.3%
Dimensional Fund Advisors 234.95K $11.41M -1.0%
Costello Asset Management 212.04K $10.3M -3.4%
STT State Street 172.21K $8.36M +2.6%
MS Morgan Stanley 167.9K $8.15M +1.6%
First Manhattan 156.08K $7.58M -0.7%
Geode Capital Management 144.83K $7.03M +2.1%
TROW T. Rowe Price 123.85K $6.01M +1605.9%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 123.85K +116.59K +1605.9%
BLK Blackrock 779.5K +115.06K +17.3%
LGEN Legal & General 54.82K -39.71K -42.0%
DB Deutsche Bank AG - Registered Shares 26.17K -30.47K -53.8%
EAM Investors 29.46K +29.46K NEW
AMP Ameriprise Financial 18.57K +18.57K NEW
Allspring Global Investments 20.57K -14.63K -41.6%
Lakeview Capital Partners 0 -13.37K EXIT
Assenagon Asset Management 25.8K +12.88K +99.7%
JPM JPMorgan Chase & Co. 4.24K -12.81K -75.1%

Financial report summary

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Management Discussion
  • Revenues totaled $90.9 million for the year ended December 31, 2021, $2.7 million, or 3.1%, more than revenues for the year ended December 31, 2020.
  • Water sales revenue increased $1.3 million, or 1.8%, for the year ended December 31, 2021 from the corresponding period in 2020, primarily due to an increase in fixed fee revenue related to customer growth and an increase in non-residential consumption revenue.  We realized 85.7% and 86.8% of our total operating revenue for the years ended December 31, 2021 and December 31, 2020, respectively, from the sale of water.
  • Other utility operating revenue, predominately consisting of wastewater revenues, increased approximately $0.7 million, or 10.3%, for the year ended December 31, 2021 compared to the year ended December 31, 2020.  This increase is mainly due to an increase in wastewater revenue related to residential customer growth and housing development growth, mostly offset by a decrease in industrial wastewater service revenue resulting from adjustments related to the amounts recorded for the minimum required volume of wastewater under contract, pursuant to a settlement agreement.  In addition, service and finance charges increased, related to executive orders that were issued by state governmental agencies in 2020 requiring utility companies to prohibit late fees and service disconnections for non-payment that since have been lifted.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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