Artesian Resources Corp (ARTNA)
NASDAQUtilitiesRegulated WaterSnapshot 2026-09-04
$36.19-0.30%
Close 2026-09-04 · 1-day change
NASDAQUtilitiesRegulated WaterSnapshot 2026-09-04
QuarterlyIQ Insights · ARTNA
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue investing in water and wastewater infrastructure projects to ensure reliable service, address aging infrastructure, and meet regulatory standards.
Stated as a priority in 2 of last 2 quarters. Artesian invested $13.1 million in 2026-Q1 and $25.9 million in the first six months of 2026 in water and wastewater infrastructure projects. Management has consistently emphasized this capital program to address aging infrastructure and regulatory compliance, delivering on stated investment commitments.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated neutral grew net income 67% of the time over the next year (vs 64% for the rest of the cohort, n=1452).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Capital program focused on addressing aging infrastructure, enhancing resiliency, and meeting obligations.”
“Investment in critical water and wastewater infrastructure is essential to providing safe, reliable service and meeting evolving regulatory standards.”
Expand customer base and increase revenues by implementing temporary rate increases and growing wastewater and service line protection plan customers.
Stated as a priority in 2 of last 2 quarters. Revenues grew from $25.9 million in 2025-Q1 to $27.8 million in 2026-Q1 and from $28.6 million in 2025-Q2 to $30.7 million in 2026-Q2, driven by temporary rate increases and customer growth. Management's statements and revenue growth show delivering progress on expanding customer base and revenues.
“Growth includes a 6.6% increase in wastewater customers over the past 12 months.”
“Water sales revenue increased primarily due to temporary rate increases and an increase in the number of customers served.”
Sustain growth in operating income and net income through operational efficiency and revenue increases.
Stated as a priority in 2 of last 2 quarters. Operating income increased from $6.3 million in 2026-Q1 to $8.6 million in 2026-Q2, and net income rose from $5.9 million to $6.6 million over the same period. Diluted EPS grew 4.9% in Q2 2026 versus Q2 2025. Management is delivering on maintaining strong income growth.
“Diluted net income per share increased 4.9% to $0.64 compared to $0.61 for the same period in 2025.”
“Diluted net income per share increased 7.5% to $0.57 compared to $0.53 for the same period in 2025.”
Over the trailing year it converted 2.11x of net income into operating cash flow. Historically, Utilities names rated neutral grew net income 68% of the time over the next year (vs 64% for the rest of the cohort, n=1211).
Most sensitive to long-term interest rates.
Not enough signal to read sensitivity to the US dollar, the broad stock market, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
7 material management or governance events in the past 24 months, led by executive changes. Historically, Utilities names rated stable grew net income 60% of the time over the next year (vs 69% for the rest of the cohort, n=176).
Not investment advice. As of 2026-09-04.