Highest-materiality recent filing
Artesian Resources elects Eisenbrey and Taylor to board at annual meeting
John R. Eisenbrey, Jr. elected with 700,415 for, 2,310 against, 0 broker non-votes.
Artesian Resources Q1 EPS $0.57 (+7.5%), revenue $27.8M (+7.3%)
Net income $5.9M, up 9.2% from $5.4M in Q1 2025.
Artesian Resources reports FY2025 diluted EPS $2.21 (+11.6% YoY), revenue $112.9M (+4.6%)
FY2025 net income $22.8M (+11.9% YoY); diluted EPS $2.21 vs $1.98.
Artesian Resources shareholders approve 2025 equity plan; 263,932 shares authorized
Class B stockholders approved 2025 Plan at special meeting on Oct 30, 2025; vote 675,338 for, 32,158 against.
Artesian Q3 EPS $0.68 (+3% YoY); net income $7.0M (+2.2%); YTD EPS $1.81 (+12.4%)
Q3 revenue $30.5M (+4.6% YoY) driven by temporary rate hike and customer growth.
Artesian Resources Q2 net income up 18.1% to $6.3M; EPS $0.61 (+17.3%)
Diluted EPS $0.61 vs $0.52; revenue $28.5M (+4.1%) on DSIC, temporary 1.22% rate increase, customer growth.
Artesian Resources elects Chip Rossi to Board of Directors
Salvatore J. “Chip” Rossi elected to Artesian Resources Board for term expiring in 2027.
Artesian Resources receives Nasdaq notice for board independence non-compliance
Nasdaq notified company on May 30, 2025 of non-compliance with Majority Independent Board and Audit Committee Composition rules.
Artesian Resources CEO salary raised to $565,000; board fees eliminated; new director elected
Compensation Committee approved CEO Nicholle R. Taylor base salary increase to $565,000 and restricted stock award of 1,000 Class A non-voting shares.
Artesian Resources Q1 net income up 23% to $5.4M; files for 10.75% rate hike
Diluted EPS $0.53 vs $0.43 YoY; revenue $25.9M (+5.5%).
Artesian Water files for 12.41% revenue increase (~$10.8M) with Delaware PSC
Requests $10.8M annualized revenue increase (12.41%); net increase after DSIC is 10.75%.
Artesian Resources reports FY2024 net income $20.4M (+22.1%); diluted EPS $1.98
Full-year revenue $108.0M, up 9.2% YoY; Q4 revenue $26.8M, up 9.4%.
Artesian Resources finalizes retirement agreement with former CEO Dian C. Taylor, effective March 24
Dian C. Taylor retired as CEO and President on February 22, 2025.
Nicholle R. Taylor appointed CEO and President effective Feb 22, 2025, previously interim since Jan 3.
Director Kenneth R. Biederman to resign at May 2025 annual meeting
Kenneth R. Biederman resigns from Artesian Resources Board effective May 6, 2025.
CEO Dian C. Taylor on paid leave; niece Nicholle R. Taylor named interim CEO
Dian C. Taylor, CEO, President and Chair, began paid leave from CEO/President roles on Jan 3, 2025.
Artesian Resources Q3 net income rises 34.4% to $6.8M; EPS $0.66
Q3 net income $6.8M, +34.4% YoY; diluted EPS $0.66 vs $0.49.
Artesian Resources Q2 net income up 19.9% to $5.3M; EPS $0.52 vs $0.44
Q2 net income $5.3M (+19.9% YoY); diluted EPS $0.52 (+18.2%).
Delaware PSC approves $11.2M annual rate increase for Artesian Water, effective June 12
Final DEPSC order approves settlement for $11.2M annualized revenue increase (15.2%), effective June 12, 2024.
Artesian Resources settles rate case; $11.2M revenue increase effective June 12
Settlement authorizes $11.2M annual revenue increase (15.2%) effective June 12, 2024.
Artesian Resources shareholders elect Biederman and Houghton to board
Kenneth R. Biederman elected with 578,391 votes for, 10,277 withheld.
Artesian Resources Q1 net income up 19% to $4.4M; EPS $0.43 vs $0.39
Net income $4.4M, up 19.1% YoY; diluted EPS $0.43, up 10.3% from $0.39.
Artesian Resources announces partial exercise of over-allotment option for 67,689 shares at $50
Underwriter Janney Montgomery Scott exercised over-allotment for 67,689 shares at $50 each on June 16, 2023.
Artesian Resources closes public offering of 695,650 shares at $50, netting $33M
Sold 695,650 shares of Class A Non-Voting Common Stock at $50.00 per share.
Artesian Resources prices ~$34.8M public offering of Class A non-voting shares at $50/share
Priced 695,650 Class A non-voting shares at $50/share, gross proceeds ~$34.8M; closing May 23.
Artesian Resources elects Eisenbrey and D. Taylor as directors at annual meeting
Class B shareholders voted 722,202 for Eisenbrey, 718,496 for D. Taylor, 3,706 withheld from Taylor.
Artesian Resources files for 23.84% water rate increase in Delaware, first in 9 years
Requested annual revenue increase of ~$17.5M (23.84%) from Delaware PSC; last rate case was in 2014.
Artesian Resources subsidiary enters $2.99M in loans at 2% for water main replacements
Total loan amounts of $901,170, $1,042,695, and $1,050,000 (aggregate ~$2.99M) from Delaware Drinking Water State Revolving Fund.
Artesian Resources subsidiary enters $5.33M SRF loans at 1% plus 1% fee for water main replacements
Three loans totaling up to $5.333M from Delaware Drinking Water State Revolving Fund at 1.0% interest plus 1.0% admin fee.
Artesian Resources enters settlement for Superfund site; to receive ~$10M in past cost reimbursement
Consent Decree approved July 19, 2022; Trust to pay Artesian Water ~$10.0M for past capital and operating costs.
Artesian Resources closes acquisition of Town of Clayton's water system assets
Artesian Water completed purchase of substantially all operating assets of Clayton's water system on May 26, 2022.
Shareholders elect Nicholle R. Taylor to Artesian Resources board at annual meeting
Elected Nicholle R. Taylor as director for three-year term at May 4, 2022 annual meeting.
Artesian Resources subsidiary to acquire Town of Clayton water system for $5M
Total purchase price $5.0 million, less any secured debt payoff on the water system.
Artesian Resources subsidiary locks 4.43% fixed rate on $30M, 25-year bond
$30M First Mortgage Bond with fixed rate of 4.43% per annum, 25-year maturity.
Artesian subsidiary completes $6.4M acquisition of Tidewater Environmental from Middlesex Water
Artesian Wastewater bought all TESI stock for $6.4M cash plus forgiveness of $2.1M intercompany note.
Artesian Resources announces blackout period for retirement plan due to record-keeper change
Blackout period from Dec 8, 2021 to ~week of Dec 27, 2021 for Artesian Resources Retirement Plan.
Artesian subsidiary to acquire Tidewater Environmental Services for $6.4M
Artesian Wastewater Management to acquire TESI from Middlesex Water for $6.4M cash and forgiveness of $2.1M intercompany note.
Artesian Resources appoints Nicholle R. Taylor President of principal subsidiary
Nicholle R. Taylor appointed President of Artesian Water Company, effective August 16, 2021.
Ms. Taylor retired from her employment with the Company and its affiliates as of February 22, 2025.
As of February 22, 2025, Dian C. Taylor is no longer serving as the Company’s Chief Executive Officer and President.
On February 22, 2025, the Board of Directors (the “Board”) of Artesian Resources Corporation (the “Company”) appointed Nicholle R. Taylor to serve as the Company’s Chief Executive Officer and President.
On February 4, 2025, Kenneth R. Biederman informed the board of directors (the “Board”) of Artesian Resources Corporation (the “Company”) of his decision to resign as a director of the Company, including from his positions as a member of the Audit Committee, the Budget and Finance Committee, the Compensation Committee, and the Governance and Nominating Committee of the Board, effective May 6, 2025
On January 3, 2025, Dian C. Taylor, Chief Executive Officer, President and Chair of the Board of Directors ("Board") of Artesian Resources Corporation (the "Company"), began a paid leave from her positions as Chief Executive Officer and President.
Effective as of January 3, 2025, the Company’s Board of Directors appointed Nicholle R. Taylor to serve as the Company’s interim Chief Executive Officer, President and principal executive officer until Dian C. Taylor’s leave ends.
On August 4, 2021, the Board of Directors of Artesian Resources Corporation (the “Company”) appointed Nicholle R. Taylor, President of Artesian Water Company Inc., the principal subsidiary of the Company, effective August 16 , 2021.
Max materiality 0.70 · Median 0.55 · Most common event earnings