Artesian Resources (ARTNA) AI Stock Analysis

• Market Cap: $371.38M
• Dividend Yield: 3.5%
• Average Volume (3M): 30.25K
• Price to Earnings (P/E): 15.7
• Beta (1Y): 0.15
• Revenue Growth: 5.90%
• EPS Growth: 5.30%
• Country: US
• Employees: 274
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Water
• EPS (TTM): 2.30
• Shares Outstanding: 9,445,669
• 10 Day Avg. Volume: 30,112
• 30 Day Avg. Volume: 30,253
• PEG Ratio: 1.23
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 2.89
• P/FCF Ratio: -17.62
• Enterprise Value/Market Cap: <0.01
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: <0.01
• Enterprise Value/Ebitda: <0.01
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2
• Revenue Forecast (FY): $118.99M

• Rating: 73 Outperform
• Price Target: $40.00 ▲(12.26% Upside)
• Action: Upgraded
• Date: 08/17/26

Positive Factors

Regulated utility model

Regulated tariffs provide a recurring revenue base and can support recovery of prudent operating costs, depreciation, and permitted returns. This framework gives Artesian greater earnings visibility than an unregulated business.

Negative Factors

Heavy capital investment

Persistent capital spending needs typical of water utilities absorb most operating cash flow and limit internally funded flexibility. Artesian may therefore remain reliant on external financing or regulatory recovery to support infrastructure investment.

Artesian Resources Business Overview & Revenue Model

Company Description

Established in 1905 and headquartered in Newark, Delaware, Artesian Resources Corporation, through its various subsidiaries, delivers water, wastewater, and a range of associated utility services across Delaware, Maryland, and Pennsylvania. The co...

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Established in 1905 and headquartered in Newark, Delaware, Artesian Resources Corporation, through its various subsidiaries, delivers water, wastewater, and a range of associated utility services across Delaware, Maryland, and Pennsylvania. The co...

How the Company Makes Money

Artesian Resources primarily makes money by charging customers for regulated utility service, with the majority of revenue coming from the sale and delivery of potable water and, where applicable, wastewater services. Rates for its regulated utili...

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Artesian Resources primarily makes money by charging customers for regulated utility service, with the majority of revenue coming from the sale and delivery of potable water and, where applicable, wastewater services. Rates for its regulated utili...

Artesian Resources Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	116.94M	112.94M	107.95M	98.86M	98.90M	90.86M
Gross Profit	43.67M	42.01M	53.41M	48.23M	48.27M	45.50M
EBITDA	54.38M	53.15M	50.12M	42.13M	42.40M	39.92M
Net Income	23.61M	22.82M	20.39M	16.70M	18.00M	16.83M
Balance Sheet
Total Assets	884.01M	851.23M	798.62M	766.83M	720.30M	625.31M
Cash, Cash Equivalents and Short-Term Investments	9.80M	52.00K	1.15M	2.50M	1.31M	92.00K
Total Debt	185.50M	182.64M	179.11M	181.06M	198.31M	172.02M
Total Liabilities	627.78M	601.31M	559.43M	536.43M	532.37M	447.30M
Stockholders Equity	256.24M	249.92M	239.19M	230.40M	187.93M	178.01M
Cash Flow
Free Cash Flow	4.01M	-18.50M	-9.12M	-30.33M	-24.22M	-9.50M
Operating Cash Flow	40.26M	40.35M	36.82M	31.85M	24.27M	31.31M
Investing Cash Flow	-58.32M	-58.72M	-45.32M	-62.08M	-54.76M	-40.72M
Financing Cash Flow	27.51M	17.27M	7.14M	31.42M	31.71M	9.48M

Artesian Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARTNA, the sentiment is Positive. The current price of 35.63 is above the 20-day moving average (MA) of 35.44, above the 50-day MA of 34.48, and above the 200-day MA of 32.39, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 66.75 is Neutral, neither overbought nor oversold. The STOCH value of 82.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARTNA.

Artesian Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCYO	78 Outperform	$269.65M	18.34	9.98%	―	22.88%	8.17%
ARTNA	73 Outperform	$371.38M	15.73	9.37%	3.50%	5.90%	5.30%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
MSEX	65 Neutral	$1.10B	22.32	9.57%	2.47%	5.26%	7.26%
GWRS	62 Neutral	$256.28M	80.69	3.63%	3.42%	10.77%	-49.68%
YORW	59 Neutral	$552.58M	21.15	9.38%	2.65%	9.43%	16.86%
CDZI	55 Neutral	$352.68M	-8.33	-206.70%	―	-21.32%	0.45%