Water Sales was Artesian Resources’s largest product and service line in fiscal 2025, bringing in $90.91M of $112.94M (80%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Water Sales | $78.32M | $80.03M | $88.08M | $90.91M | ||||||
| Product Line Consisting Of Water Sales | — | — | — | — | ||||||
| Other Utility Operating Revenue | $11.51M | $12.20M | $13.13M | $14.60M | ||||||
| Product Line Consisting Of Other Utility Operating Revenue | — | — | — | — | ||||||
| Non-Utility Operating Revenue | $9.07M | $6.63M | $6.74M | $7.44M | ||||||
| Product Line Consisting Of Non-Utility Operating Revenue | — | — | — | — | ||||||
| Total | $98.90M | $98.86M | $107.95M | $112.94M |
Artesian Resources brought in $112.94M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 4.6% from $107.95M in fiscal 2024. Water Sales was the largest at $90.91M (80.5%), ahead of Other Utility Operating Revenue at $14.60M (12.9%) and Non-Utility Operating Revenue at $7.44M (6.6%).
Compared with fiscal 2024, Other Utility Operating Revenue grew fastest, up 11.2% to $14.60M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $98.90M to $112.94M, a compound annual growth rate of 4.5%. Water Sales' share of the total rose from 79.2% to 80.5%.
Regulated Utility was Artesian Resources’s largest segment in fiscal 2025, bringing in $105.51M of $112.94M (93%).
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Regulated Utility | — | $92.23M | $101.21M | $105.51M | ||
| Refers To Business Segment Regulated Utility | $89.82M | — | — | — | ||
| Other Operating | $9.25M | $6.88M | $7.01M | $7.70M | ||
| Refers To Business Segment Other (Non-Utility) | — | — | — | — | ||
| Intersegment Eliminations | -$169.00K | -$244.00K | -$272.00K | -$263.00K | ||
| Total | $98.90M | $98.86M | $107.95M | $112.94M |
Artesian Resources brought in $112.94M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 4.6% from $107.95M in fiscal 2024. Regulated Utility was the largest at $105.51M (93.4%), ahead of Other Operating at $7.70M (6.8%).
Compared with fiscal 2024, Other Operating grew 9.8% to $7.70M and Regulated Utility grew 4.2% to $105.51M.
Artesian Resources began breaking out Regulated Utility in fiscal 2023, when it brought in $92.23M. Artesian Resources stopped reporting Refers To Business Segment Regulated Utility as a separate segment after fiscal 2022, when it brought in $89.82M. The total is net of Intersegment Eliminations, which took $263.00K off revenue in fiscal 2025.
Tariff Revenue was Artesian Resources’s largest revenue line in fiscal 2025, bringing in $102.32M of $110.69M (92%).
| Regulation Status | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Tariff Revenue | $87.42M | $89.99M | $98.84M | $102.32M | |||
| Non-Tariff Revenue | $9.59M | $7.28M | $7.34M | $8.36M | |||
| Total | $97.02M | $97.27M | $106.19M | $110.69M |
Artesian Resources brought in $110.69M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 4.2% from $106.19M in fiscal 2024. Tariff Revenue was the largest at $102.32M (92.4%), ahead of Non-Tariff Revenue at $8.36M (7.6%).
Compared with fiscal 2024, Non-Tariff Revenue grew 13.9% to $8.36M and Tariff Revenue grew 3.5% to $102.32M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $97.02M to $110.69M, a compound annual growth rate of 4.5%. Tariff Revenue's share of the total rose from 90.1% to 92.4%.
Artesian Resources (ARTNA) reports its revenue by product and service, by segment and by regulation status. In fiscal 2025, Water Sales was its largest product and service line, bringing in $90.91M (80.5% of the total), followed by Other Utility Operating Revenue at $14.60M (12.9%).
Water Sales was Artesian Resources' largest product and service line in fiscal 2025, bringing in $90.91M, or 80.5% of the $112.94M total across its three product and service lines.
Regulated Utility was Artesian Resources' largest segment in fiscal 2025, bringing in $105.51M, or 93.4% of the $112.94M total across its three segments.
Tariff Revenue was Artesian Resources' largest revenue line in fiscal 2025, bringing in $102.32M, or 92.4% of the $110.69M total across its two revenue lines.
Among Artesian Resources' product and service lines that make up at least 2% of revenue, Other Utility Operating Revenue grew fastest in fiscal 2025, up 11.2% from $13.13M to $14.60M.
Every figure comes from Artesian Resources' annual financial filings, as reported. Each line keeps the name Artesian Resources gives it, and years follow its fiscal calendar.
Artesian Resources' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.