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Profile: Artesian Resources Corp (ARTNA.O)

ARTNA.O on Nasdaq

21 Oct 2016
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Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Company, through its subsidiaries, offers 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 Delaware, Maryland and Pennsylvania. It provides wastewater services to customers in Delaware. It also provides contract water and wastewater operations, and water and sewer Service Line Protection Plans. The Company's subsidiaries include 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), Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland), Artesian Utility Development, Inc. (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc. (Artesian Consulting Engineers).

Artesian Water is a public water utility in the State of Delaware and provides water service. 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. Artesian Water 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. Artesian Wastewater owns and operates over four wastewater treatment facilities, which are capable of treating approximately 730,000 gallons per day. Artesian Wastewater Maryland is a regulated wastewater entity in the State of Maryland and provides public wastewater services to customers 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 contracts with developers for design and construction of wastewater facilities within the Delmarva Peninsula using various technologies for treatment of wastewater at each facility. Artesian Utility operates wastewater treatment facilities for the town of Middletown, in southern New Castle County or Middletown. The facilities include over two wastewater treatment stations with capacities of approximately 2.5 million gallons per day and approximately 250,000 gallons per day, respectively. Artesian Utility also operates a wastewater disposal facility in Middletown in order to support the wastewater facility. One of the wastewater treatment facilities in Middletown provides reclaimed wastewater for use in spray irrigation on public and agricultural lands in the area. 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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