Artesian Resources (ARTNA) AI Stock Analysis

Artesian Resources

(NASDAQ:ARTNA)

Select Model

Rating:82.7Outperform

Price Target:$42.00▲(24.48% Upside)

Action:reiterated

Date:08/17/26

The stock’s score is driven primarily by strong financial performance, including steadily growing earnings, solid margins, and a materially improved balance sheet, partially constrained by historically volatile free cash flow from heavy infrastructure investment. Technicals are supportive, with the price in a firm uptrend, though overbought signals introduce some near-term risk. A reasonable P/E combined with a 3.5% dividend yield results in an attractive but not deeply discounted valuation, reinforcing a high‑quality, moderately compelling overall profile.

Positive Factors

Regulated utility modelRegulated 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 investmentPersistent 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 (ARTNA) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $346.58M
Dividend Yield: 3.73%
Average Volume (3M): 28.56K
Price to Earnings (P/E): 14.8
Beta (1Y): 0.12
Revenue Growth: 5.90%
EPS Growth: 5.30%
Country: US
Employees: 274
Sector: Utilities
Sector Strength: 66
Industry: Regulated Water

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 compa...

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 utilitie...

Artesian Resources Financial Statement Overview

Summary

Strong and steadily improving profitability with net income and revenue growing at solid rates, robust 17–20% net margins, and a materially strengthened balance sheet with much lower leverage and consistently attractive ROE. These positives are partially offset by historically volatile and often negative free cash flow driven by heavy capex, despite recently positive free cash flow.

Income Statement

86Very Positive

Balance Sheet

91Very Positive

Cash Flow

58Neutral

Financial statement breakdown
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 SentimentPositive

Last Price33.74

Price Trends

50DMA34.38Negative

100DMA34.09Negative

200DMA33.02Positive

Market Momentum

MACD-0.07Negative

RSI52.85Neutral

STOCH60.60Neutral

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 33.74 is above the 20-day moving average (MA) of 33.63, below the 50-day MA of 34.38, and above the 200-day MA of 33.02, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 52.85 is Neutral, neither overbought nor oversold. The STOCH value of 60.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARTNA.

Artesian Resources Risk Analysis

Artesian Resources disclosed 27 risk factors in its most recent earnings report. Artesian Resources reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

0 New Risks

Artesian Resources Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

ARTNA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARTNA	83Outperform	$348.55M	14.79	9.37%	3.73%	5.90%	5.30%
PCYO	78Outperform	$257.84M	17.43	9.98%	―	22.88%	8.17%
GWRS	69Neutral	$222.88M	72.89	3.63%	3.78%	10.77%	-49.68%
Sector *	66Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
MSEX	62Neutral	$1.09B	20.91	10.06%	2.47%	8.95%	16.16%
CDZI	55Neutral	$385.28M	-8.16	-206.70%	―	-21.32%	0.45%
YORW	54Neutral	$512.66M	19.94	9.38%	2.84%	9.43%	16.86%

* Utilities Sector Average

Performance Comparison

ARTNA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ARTNA	Artesian Resources Corporation	34.01	2.75	8.79%
CDZI	Cadiz	4.08	-1.02	-20.00%
MSEX	Middlesex Water	58.33	4.89	9.14%
PCYO	Pure Cycle	10.63	-0.41	-3.71%
YORW	The York Water	32.10	0.63	2.01%
GWRS	Global Water Resources	8.04	-1.73	-17.67%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Artesian Resources AI Stock Analysis