Artesian

Artesian Resources Corporation Reports Third Quarter and Year-To-Date 2023 Results

Retrieved on: 
Monday, November 6, 2023

NEWARK, Del., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced third quarter and year-to-date results for 2023.

Key Points: 
  • NEWARK, Del., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced third quarter and year-to-date results for 2023.
  • Revenues totaled $26.6 million for both the three months ended September 30, 2023 and September 30, 2022 respectively.
  • Non-utility operating expenses decreased $0.5 million, or 28.5%, primarily due to a decrease in costs associated with a wastewater infrastructure design and construction contract.
  • Revenues totaled $74.3 million for the nine months ended September 30, 2023, $0.5 million, or 0.7%, more than revenues for the nine months ended September 30, 2022.

Artesian Resources Corporation Reports Second Quarter and Year-To-Date 2023 Results

Retrieved on: 
Monday, August 7, 2023

NEWARK, Del., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced second quarter and year-to-date results for 2023.

Key Points: 
  • NEWARK, Del., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced second quarter and year-to-date results for 2023.
  • Diluted net income per share decreased to $0.44 in the second quarter and to $0.84 year-to-date, compared to $0.53 and $1.01 in the comparative periods a year ago.
  • Increased revenue by $0.2 million in the second quarter and $0.5 million year-to-date.
  • The primary refund calculation for both 2023 and 2022 was based on the average loan balance outstanding.

Artesian Resources Corporation’s 12th Annual Charitable Golf Tournament Raises Nearly $140,000

Retrieved on: 
Thursday, June 29, 2023

"Deep Roots is incredibly grateful for the unwavering support from Artesian Resources Corporation and its business partners.

Key Points: 
  • "Deep Roots is incredibly grateful for the unwavering support from Artesian Resources Corporation and its business partners.
  • The dollars raised in our golf outing have helped the AHA invest in research to reduce deaths from heart disease and stroke by nearly 15% since 2018.
  • The proceeds provide significant value to local charitable organizations that offer meaningful assistance to our communities.
  • As a leading provider of water and wastewater services, Artesian recognizes the importance of giving back to the communities where we both live and serve.”

Artesian Resources Corporation Announces Closing of Public Offering of Common Stock

Retrieved on: 
Tuesday, May 23, 2023

NEWARK, Del., May 23, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian or the Company) announced today the closing of its previously-announced underwritten public offering of 695,650 shares of the Company’s Class A Non-Voting Common Stock at a purchase price of $50.00 per share.

Key Points: 
  • NEWARK, Del., May 23, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian or the Company) announced today the closing of its previously-announced underwritten public offering of 695,650 shares of the Company’s Class A Non-Voting Common Stock at a purchase price of $50.00 per share.
  • The net proceeds to the Company from the offering, after deducting the underwriting discounts and commissions and other offering expenses, are approximately $33.0 million.
  • The Company has also granted the underwriter a 30-day option to purchase from Artesian up to an additional 104,348 shares of Class A Non-Voting Common Stock at the public offering price, less the underwriting discount.
  • Artesian intends to use the net proceeds of the offering for general corporate purposes, including its capital investment program and repayment of outstanding indebtedness.

Artesian Resources Corporation Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Friday, May 19, 2023

NEWARK, Del., May 19, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian or the Company) announced today that it has priced a firm commitment underwritten public offering of 695,650 shares of the Company’s Class A Non-Voting Common Stock at a purchase price of $50 per share for an aggregate gross offering amount of approximately $34.8 million.

Key Points: 
  • NEWARK, Del., May 19, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian or the Company) announced today that it has priced a firm commitment underwritten public offering of 695,650 shares of the Company’s Class A Non-Voting Common Stock at a purchase price of $50 per share for an aggregate gross offering amount of approximately $34.8 million.
  • The offering is expected to close on or about May 23, 2023, subject to customary closing conditions.
  • The Company has also granted the underwriter a 30-day option to purchase from Artesian up to an additional 104,348 shares of Class A Non-Voting Common Stock at the public offering price, less the underwriting discount.
  • Artesian currently intends to use the net proceeds of the offering for general corporate purposes, including its capital investment program and repayment of outstanding indebtedness.

Artesian Resources Corporation Announces Common Stock Offering

Retrieved on: 
Thursday, May 18, 2023

NEWARK, Del., May 18, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian) announced today a proposed underwritten public offering of approximately 600,000 shares of its Class A Non-Voting Common Stock.

Key Points: 
  • NEWARK, Del., May 18, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) (Artesian) announced today a proposed underwritten public offering of approximately 600,000 shares of its Class A Non-Voting Common Stock.
  • The Company also intends to grant the underwriters a 30-day option to purchase from Artesian up to an additional 90,000 shares of Class A Non-Voting Common Stock.
  • The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • Artesian currently intends to use the net proceeds of the offering for general corporate purposes, including its capital investment program and repayment of outstanding indebtedness.

Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend

Retrieved on: 
Tuesday, May 9, 2023

NEWARK, Del., May 09, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to announce that its Board of Directors approved a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, which raises the annualized dividend rate to $1.136 per share.

Key Points: 
  • NEWARK, Del., May 09, 2023 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to announce that its Board of Directors approved a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, which raises the annualized dividend rate to $1.136 per share.
  • The quarterly dividend rate of $0.284 per share is payable May 26, 2023 to shareholders of record at the close of business on May 19, 2023.
  • “I am pleased to share that Artesian’s Board of Directors has authorized a 2% increase in the quarterly dividend.
  • This marks Artesian’s 122nd consecutive quarterly dividend paid to shareholders.

Artesian Water Company, Inc. Files Application for Increase in Customer Rates with Delaware Public Service Commission for the First Time in Nine Years

Retrieved on: 
Friday, April 28, 2023

For over 115 years, Artesian’s highest priority has been to deliver reliable, high-quality water to customers at a cost-effective rate.

Key Points: 
  • For over 115 years, Artesian’s highest priority has been to deliver reliable, high-quality water to customers at a cost-effective rate.
  • Since Artesian’s last request for new rates nine years ago, the Company will have invested over $158 million in critical water infrastructure.
  • As a result of these investments, Artesian was able to reduce the required minimum amount of water it purchases from the Chester Water Authority by 83.3%.
  • Artesian has designed the existing structure of its water rates to encourage customers to minimize water consumption to both conserve water and reduce their bills.

Artesian Water Company, Inc. Receives the U.S. Environmental Protection Agency’s Distinguished AQUARIUS Excellence in Community Engagement Award

Retrieved on: 
Thursday, April 20, 2023

NEWARK, Del., April 20, 2023 (GLOBE NEWSWIRE) -- Artesian Water Company, Inc., a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), received the U.S. Environmental Protection Agency’s (EPA) AQUARIUS Excellence in Community Engagement Award.

Key Points: 
  • NEWARK, Del., April 20, 2023 (GLOBE NEWSWIRE) -- Artesian Water Company, Inc., a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), received the U.S. Environmental Protection Agency’s (EPA) AQUARIUS Excellence in Community Engagement Award.
  • The award was presented on April 12, 2023 at the Council of Infrastructure Financing Authorities (CIFA) Summit on Water Infrastructure.
  • The annual CIFA Summit on Water Infrastructure brought together leaders in the CWSRF community, project managers, utility members, federal partners, finance experts, and policy advocates to discuss national water infrastructure needs and projects.
  • The Exceptional Community Engagement Award recognizes a project with active community participation and involvement throughout all aspects of the project.

Fivecast Completes US $20M (AU$30m) Series A Raise With New US and Existing Australian VC Investors

Retrieved on: 
Tuesday, April 11, 2023

ADELAIDE, Australia and ARLINGTON, Va., April 10, 2023 /PRNewswire/ -- Australian open-source intelligence (OSINT) software company, Fivecast, has closed its Series A funding round with almost US$20 million (AU$30m) raised to fuel its expansion and service contracts in key markets, including Five Eyes nations, amid a significant rise in the need for data and risk analytics among governments and corporations.

Key Points: 
  • "Governments, law enforcement, and other organizations need a faster and easier way to collect and analyze this open-source data.
  • Fivecast's advanced collection methods and AI-supported analysis tools bypass current manual data analysis processes to meet this important need.
  • It's yet another example of Australian deep-tech innovation making a positive, large-scale impact on the world."
  • Fivecast is also the first Australian company to be awarded a Defense Innovation Unit (DIU) project with the US Department of Defense.