ARTNA

Artesian Resources Corporation operates as a regulated public utility company providing water supply, wastewater collection and treatment, and related services to customers across Delaware. Founded in 1905 and headquartered in Newark, Delaware, Artesian serves approximately 90,000 people through its regulated water utility subsidiary Artesian Water Company, the oldest and largest regulated water utility in Delaware providing potable water to residential, commercial, industrial, and municipal customers across New Castle County. The company also operates Artesian Wastewater Management collecting and treating wastewater for communities within its service territories, and Artesian Utility Development subsidiary providing water and wastewater infrastructure to residential and commercial developments. Artesian's business model operates under rate regulation by the Delaware Public Service Commission, which approves customer rates designed to recover prudent operating expenses, capital investments, and provide reasonable returns on invested capital. The company maintains extensive water infrastructure including treatment plants, pumping stations, storage tanks, and approximately 1,400 miles of water mains requiring ongoing maintenance, replacement, and expansion to meet population growth and infrastructure renewal needs. Artesian reported total revenues exceeding $130 million and employs approximately 220 people managing daily operations including water quality testing, system maintenance, customer service, and engineering. Recent capital investments focus on replacing aging water mains, upgrading treatment facilities, and expanding capacity serving new residential developments throughout Delaware's growing northern regions.