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Profile: Artesian Resources Corp (ARTNA.OQ)

ARTNA.OQ on NASDAQ Stock Exchange Global Select Market

17 May 2019
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Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Company's subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania. The Company also provides wastewater services to customers in Delaware. In addition, the Company provides contract water and wastewater operations, and water, sewer and internal Service Line Protection Plans. As of December 31, 2016, the Company was the holding company of five regulated public utilities: Artesian Water Company, Inc. (Artesian Water), Artesian Water Pennsylvania, Inc. (Artesian Water Pennsylvania), Artesian Water Maryland, Inc. (Artesian Water Maryland), Artesian Wastewater Management, Inc. (Artesian Wastewater) and Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland), and three non-regulated subsidiaries: Artesian Utility Development, Inc. (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc. (Artesian Consulting Engineers).

Artesian Water distributes and sells water to residential, commercial, industrial, governmental, municipal and utility customers throughout the State of Delaware. In addition, Artesian Water provides services to other water utilities, including operations and billing functions, and also has contract operation agreements with private and municipal water providers. The Company also provides water for public and private fire protection to customers in its service territories. Artesian Water Maryland distributes and sells water to residential, commercial, industrial and municipal customers in Cecil County, Maryland. Artesian Water Pennsylvania provides water service to a residential community in Chester County. Artesian Wastewater is a regulated entity that owns wastewater collection and treatment infrastructure, and provides wastewater services to customers in Delaware as a regulated public wastewater service company.

As of December 31, 2016, Artesian Wastewater owned and operated four wastewater treatment facilities. Artesian Wastewater Maryland is a regulated wastewater entity in the State of Maryland. Artesian Utility designs and builds water and wastewater infrastructure, and provides contract water and wastewater services on the Delmarva Peninsula. Artesian Utility also evaluates land parcels, provides recommendations to developers on the size of water or wastewater facilities and the type of technology that should be used for treatment at such facilities, and operates water and wastewater facilities in Delaware for municipal and governmental organizations. Artesian Utility also may contract with developers for design and construction of wastewater facilities within the Delmarva Peninsula. Artesian Development is a real estate holding company that owns properties, including land zoned for office buildings, a water treatment plant and wastewater facility, as well as property for operations, including an office facility in Sussex County, Delaware.

Company Address

Artesian Resources Corp

NEWARK   DE   19702
P: +1302.4536900
F: +1302.4536957

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