Artesian Resources Corp (NASDAQ: ARTNB)

Artesian Resources Corp, or ARTNA, operates in the water and wastewater services industry, providing essential utilities to a diverse customer base in Delaware, Maryland, and Pennsylvania. The company's main business activities include the distribution and sale of water to various customers, as well as the provision of wastewater services in Delaware. Artesian Water, the company's principal subsidiary, is the oldest and largest investor-owned public water utility on the Delmarva Peninsula, serving over 79,000 metered customers.

The company's revenue generation primarily comes from the sale of water and wastewater services. A smaller portion of its revenue is derived from contract water and wastewater operations, as well as water, sewer, and internal Service Line Protection Plans. Artesian Resources Corp has a significant presence in its industry, with a strong competitive advantage attributable to its long history of providing reliable and high-quality water services.

Artesian Resources Corp's position in the market is further strengthened by its extensive network of transmission and distribution mains, storage tanks, and treatment facilities. Its ability to purchase water from neighboring utilities and municipalities provides a reliable source of supply during times of drought or water shortages. The company's customers include residential, commercial, and industrial entities, as well as municipal and utility customers. The City of Wilmington, Delaware, and the Town of Newark, Delaware, are among the company's largest customers.

The Water Segment, accounting for approximately 81% of consolidated operating revenues, provides water services to over 79,000 metered customers and operates a network of transmission and distribution mains, storage tanks, and treatment facilities. The Wastewater Segment offers wastewater services to customers in Delaware and Maryland, operating a network of collection and treatment facilities with a peak wastewater treatment capacity of approximately 2.3 million gallons per day. The Utility Segment provides contract water and wastewater operations, as well as water, sewer, and internal Service Line Protection Plans to customers in the Delmarva Peninsula.