ARTESIAN RESOURCES CORP shareholders approved Election of Directors at the 2026-05-06 meeting.
“Votes were cast as follows with respect to Mr. Eisenbrey and Ms. Taylor’s election: Name of Nominee For Against Withheld Broker Non-Votes John R. Eisenbrey Dian C. Taylor 700,415 696,665 2,310 6,060 0 0 0 0”
Earnings Releases
ARTESIAN RESOURCES CORP reported the quarter ended March 31, 2026 results: revenue $27.8 million, net income $5.9 million, EPS $0.57.
“Diluted net income per share increased 7.5% to $0.57, compared to $0.53 for the same period in 2025. Net income for the three months ended March 31, 2026 was $5.9 million, a $0.5 million, or 9.2%, increase compared to net income recorded during the three months ended March 31, 2025. Revenues totaled $27.8 million for the three months ended March 31, 2026, $1.9 million, or 7.3%, more than revenues for the three months ended March 31, 2025.”
Earnings Releases
ARTESIAN RESOURCES CORP reported the three months ended December 31, 2025 results: revenue $28.0 million, net income $4.1 million, EPS $0.40.
“Fourth Quarter Results Net income for the three months ended December 31, 2025 was $4.1 million, a $0.3 million, or 7.5%, increase compared to net income for the three months ended December 31, 2024. Diluted net income per share increased 8.1% to $0.40, compared to $0.37 for the same period in 2024. Revenues totaled $28.0 million for the three months ended December 31, 2025, $1.2 million, or 4.3%, more than revenues for the three months ended December 31, 2024.”
Earnings Releases
ARTESIAN RESOURCES CORP reported the year ended December 31, 2025 results: revenue $112.9 million, net income $22.8 million, EPS $2.21.
“Year-End Results Net income for the year ended December 31, 2025 was $22.8 million, a $2.4 million, or 11.9%, increase compared to net income recorded during the year ended December 31, 2024. Diluted net income per share increased 11.6% to $2.21, compared to $1.98 for the same period in 2024. Revenues totaled $112.9 million for the twelve months ended December 31, 2025, $5.0 million, or 4.6%, more than revenues for the twelve months ended December 31, 2024.”
Listing & Compliance Notices
ARTESIAN RESOURCES CORP received a nasdaq deficiency notice notice regarding other (rules 5605(b)(1), 5605(c)(2), 5605(a)(2), 5605(c)(4)).
“May 30, 2025, Artesian Resources Corporation (the “Company”) received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is no longer in compliance with Nasdaq Marketplace Rule 5605(b)(1), which requires that a majority of the Company’s Board of Directors (the “Board”) be “independent directors” as defined in Nasdaq Marketplace Rule 5605(a)(2) (the “Majority Independent Board Requirement”) and Nasdaq Marketplace Rule 5605(c)(2), which requires the Company to have an audit committee composed of at least three “independent directors” as defi”
Dian C. Taylor retired as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.
“Ms. Taylor retired from her employment with the Company and its affiliates as of February 22, 2025.”
Dian C. Taylor departed as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.
“As of February 22, 2025, Dian C. Taylor is no longer serving as the Company’s Chief Executive Officer and President.”
Nicholle R. Taylor was appointed as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.
“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.”
Kenneth R. Biederman resigned as Director at ARTESIAN RESOURCES CORP.
“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”
Nicholle R. Taylor was appointed as Interim Chief Executive Officer, President and principal executive officer at ARTESIAN RESOURCES CORP.
“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.”
Dian C. Taylor departed as Chief Executive Officer and President at ARTESIAN RESOURCES CORP.
“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.”
Shareholder Votes
ARTESIAN RESOURCES CORP shareholders approved Election of Kenneth R. Biederman and Michael Houghton as directors for three-year terms at the 2024-05-07 meeting.
“Votes were cast as follows with respect to Mr. Biederman's and Mr. Houghton's election: Name of Nominee For Withheld Broker Non-Votes Kenneth R. Biederman 578,391 10,277 18,405 Michael Houghton 588,029 639 18,405”
Earnings Releases
ARTESIAN RESOURCES CORP reported financial results for first quarter of 2024.
“On May 6, 2024, Artesian Resources Corporation (“Artesian Resources” or the “Company”) issued a press release announcing its earnings for the first quarter ended March 31, 2024.”
Material Agreements
ARTESIAN RESOURCES CORP entered into Underwriting Agreement with Janney Montgomery Scott LLC (effective 2023-05-19).
“On May 19, 2023, Artesian Resources Corporation (the “Company”) entered into an Underwriting Agreement, dated as of May 19, 2023 (the “Underwriting Agreement”), with Janney Montgomery Scott LLC (the “Underwriter”) in connection with the issuance and sale of 695,650 shares of the Company’s Class A Non-Voting Common Stock, par value $1.00 per share (the “Class A Common Stock”) at a price to the public of $50 per share (the “Firm Shares”).”
Shareholder Votes
ARTESIAN RESOURCES CORP shareholders approved Election of two directors to serve three-year terms at the 2023-05-10 meeting.
“On May 10, 2023, Artesian Resources Corporation (the “Company”) held its annual meeting of shareholders. At the annual meeting, Mr. John R. Eisenbrey, Jr. and Ms. Dian C. Taylor were elected to serve as directors of the Company’s Board of Directors (the “Board”), each for a three-year term and until his or her respective successor shall be elected and qualified or until his or her earlier resignation or removal. Only holders of record of the Company’s Class B Common Stock were entitled to vote on the election of Mr. Eisenbrey and Ms. Taylor. Votes were cast as follows with respect to Ms. Taylor ’s election: Name of Nominee For Withheld Broker Non-Votes John R. Eisenbrey, Jr. 722,202 0 15,347 Dian C. Taylor 718,496 3,706 15,347”
Debt Financings
ARTESIAN RESOURCES CORP incurred loan of $901,170, $1,042,695 and $1,050,000 with Delaware Drinking Water State Revolving Fund at 1.0% per annum maturing June 1, 2043 and December 1, 2043.
“Under the Financing Agreements, the Department has agreed to advance to or to reimburse Artesian Water up to $901,170, $1,042,695 and $1,050,000 (collectively, the “Loans”) from the Fund to finance all or a portion of the costs to replace specific water transmission mains in service areas located in New Castle County, Delaware (collectively, the “Projects”).”
Material Agreements
ARTESIAN RESOURCES CORP entered into Financing Agreements with Delaware Drinking Water State Revolving Fund, acting by and through the Delaware Department of Health & Social Services, Division of Public Health valued at up to $901,170, $1,042,695 and $1,050,000 (effective 2022-12-09).
“On December 9, 2022, Artesian Water Company, Inc. (“Artesian Water”), a wholly owned subsidiary of Artesian Resources Corporation, entered into three Financing Agreements (the “Financing Agreements”) with the Delaware Drinking Water State Revolving Fund (the “Fund”), acting by and through the Delaware Department of Health & Social Services, Division of Public Health, a public agency of the state of Delaware (the “Department”).”
Nicholle R. Taylor was appointed as President at ARTESIAN RESOURCES CORP.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.