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
Website
CEO
Dian C. Taylor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| 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 |
Recent insider trades
| 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 |
Institutional ownership, Q1 2022
51.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 96 |
| Opened positions | 10 |
| Closed positions | 7 |
| Increased positions | 27 |
| Reduced positions | 36 |
| 13F shares | Current |
|---|---|
| Total value | 214.51M |
| Total shares | 4.42M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 779.5K | $37.85M |
| Vanguard | 397.05K | $19.28M |
| Renaissance Technologies | 357.41K | $17.35M |
| Dimensional Fund Advisors | 234.95K | $11.41M |
| Costello Asset Management | 212.04K | $10.3M |
| STT State Street | 172.21K | $8.36M |
| MS Morgan Stanley | 167.9K | $8.15M |
| First Manhattan | 156.08K | $7.58M |
| Geode Capital Management | 144.83K | $7.03M |
| TROW T. Rowe Price | 123.85K | $6.01M |
Financial report summary
?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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H.S. junior Avg
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New words:
anniversary, Bayer, COC, confirming, Consent, contamination, Court, CropScience, Cytec, Daily, Decision, Decree, directly, District, documented, emanating, emerging, FC, Gravel, groundwater, hand, instructing, Kent, Landfill, linked, LLC, margin, organic, Overnight, potable, reimburse, reimbursement, Remedial, remedy, resolve, ROD, safety, Sand, SC, Site, SOFR, Superfund, testing, USEPA, Waste, Zeneca
Removed:
alternative, burden, deemed, ease, evaluating, eventuality, hedging, light, optional, phased, possessed, prospectively, publication, published, recognizing, reference, shut, unavailable, underway
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
25 Jul 22
8-K
Other Events
1 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
6 May 22
8-K
Entry into a Material Definitive Agreement
17 Feb 22
8-K
Entry into a Material Definitive Agreement
10 Feb 22
8-K
Other Events
18 Jan 22
8-K
Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
8 Nov 21
8-K
Entry into a Material Definitive Agreement
31 Aug 21
8-K
Departure of Directors or Certain Officers
6 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
7 May 21
Registration and prospectus
S-8
Registration of securities for employees
15 Dec 15
424B2
Prospectus for primary offering
14 Jul 11
424B5
Prospectus supplement for primary offering
13 Jul 11
424B2
Prospectus for primary offering
23 May 11
424B5
Prospectus supplement for primary offering
13 Jun 07
424B2
Prospectus for primary offering
30 May 07
S-3/A
Shelf registration (amended)
14 Aug 06
S-3
Shelf registration
30 Jul 06
S-8
Registration of securities for employees
26 Jul 05
Other
UPLOAD
Letter from SEC
7 Jan 15
CORRESP
Correspondence with SEC
21 Dec 14
UPLOAD
Letter from SEC
16 Dec 14
EFFECT
Notice of effectiveness
22 May 11
UPLOAD
Letter from SEC
19 Oct 10
CORRESP
Correspondence with SEC
14 Oct 10
UPLOAD
Letter from SEC
5 Oct 10
CORRESP
Correspondence with SEC
28 Sep 10
UPLOAD
Letter from SEC
30 Aug 10
CT ORDER
Confidential treatment order
18 Sep 08
Ownership
11-K
Annual report of employee stock purchases
28 Jun 22
SC 13G
ARTESIAN RESOURCES / BlackRock ownership change
9 Jun 22
4
ARTESIAN RESOURCES / Michael Houghton ownership change
5 May 22
4
ARTESIAN RESOURCES / WILLIAM C WYER ownership change
5 May 22
4
ARTESIAN RESOURCES / KENNETH R BIEDERMAN ownership change
5 May 22
4
ARTESIAN RESOURCES / JOHN R EISENBREY JR ownership change
5 May 22
4
ARTESIAN RESOURCES / DIAN C TAYLOR ownership change
5 May 22
4
ARTESIAN RESOURCES / Nicholle Renee Taylor ownership change
5 May 22
4
ARTESIAN RESOURCES / DIAN C TAYLOR ownership change
25 Mar 22
4
ARTESIAN RESOURCES / Pierre A Anderson ownership change
22 Mar 22
Reddit threads
Daily Discussion Thread - August 5th, 2022
5 Aug 22
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22