Inferra AI / Company / MSEX
Middlesex Water CO
MSEX · Utilities
Last earnings Jul 30, 2026
Key results
Dividendquarter
$0.34
htm EX-99.1 Middlesex Water Company Reports Second Quarter 2025 Earnings · Diluted earnings per share (“EPS”) of $0.60 · Invested $51 million in water and wastewater utility infrastructure during the first half of 2025, or approximately 55% of the 2025 capital budget · Constructive outcome of the general base rate case in Delaware · Declared $0.34 common stock cash dividend ISELIN, N.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Net incomequarter
$10.8 million
” Second Quarter 2025 Results Middlesex reported net income of $10.8 million and diluted EPS of $0.60, compared to net income of $10.5 million and diluted EPS of $0.59 for the same quarter in 2025.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
EPSquarter
$0.60
” Second Quarter 2025 Results Middlesex reported net income of $10.8 million and diluted EPS of $0.60, compared to net income of $10.5 million and diluted EPS of $0.59 for the same quarter in 2025.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Growthquarter
up $0.2 million
Operating revenues for the quarter ended June 30, 2025, were $49.3 million, up $0.2 million, compared to $49.1 million for the same quarter last year.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Diluted earnings per share were $1.13 and $1.18 for the six months ended June 30, 2025, and 2024, respectively.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Operating revenuequarter
$1.2 million
Operating revenues increased $3.1 million in the Middlesex System and $1.2 million in the Tidewater system, largely driven by rate increases and customer growth, offset by lower consumption driven by unfavorable weather and $0.4 million of lower supplemental contract services revenue in our non-regulated businesses.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Revenuequarter
$0.4 million
Operating revenues increased $3.1 million in the Middlesex System and $1.2 million in the Tidewater system, largely driven by rate increases and customer growth, offset by lower consumption driven by unfavorable weather and $0.4 million of lower supplemental contract services revenue in our non-regulated businesses.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
The DEPSC order approved an increase in our annual operating revenues by $5.5 million based on an authorized return on common equity of 9.5% and a common equity ratio of 53.50%.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
In June 2025, our New Jersey regulated utilities filed a joint petition with the New Jersey Board of Public Utilities (“NJBPU”) requesting an increase in annual base revenues by approximately $24.9 million, or 19.3% to recover approximately $100 million of prudently incurred investments made to comply with environmental regulations and to continue to provide safe and reliable water and wastewater service to their customers.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Under the combined DSIC and RESIC programs, our New Jersey regulated utilities submit semi-annual surcharge filings to the NJBPU for qualifying capital investments completed every six-months to be recovered up to $11.4 million or 7.5% of total annual revenues of the June 2025 base rate joint petition 1 .
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
AI analysis
Q2 2025 · reported Jul 31, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Dividend | $0.34 | — | — |
| Net income | $10.8 million | — | — |
| EPS | $0.60 | — | — |
| Growth | up $0.2 million | — | $49.1 million |
| Operating revenue | $1.2 million | — | — |
| Revenue | $0.4 million | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
htm EX-99.1 Middlesex Water Company Reports Second Quarter 2025 Earnings · Diluted earnings per share (“EPS”) of $0.60 · Invested $51 million in water and wastewater utility infrastructure during the first half of 2025, or approximately 55% of the 2025 capital budget · Constructive outcome of the general base rate case in Delaware · Declared $0.34 common stock cash dividend ISELIN, N.
Event summary
Year-to-Date Results Net income for the six months ended June 30, 2025, was $20.3 million, a $1.0 million decrease when compared to the same period in 2024
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
htm EX-99.1 Middlesex Water Company Reports Second Quarter 2025 Earnings · Diluted earnings per share (“EPS”) of $0.60 · Invested $51 million in water and wastewater utility infrastructure during the first half of 2025, or approximately 55% of the 2025 capital budget · Constructive outcome of the general base rate case in Delaware · Declared $0.34 common stock cash dividend ISELIN, N.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Dividend Declared On July 23, 2025, the Company’s Board of Directors declared a third quarter cash dividend of $0.34 per common share.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Dividends on common shares will be paid on September 2, 2025, to shareholders of record as of August 15, 2025.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
The Company has paid cash dividends continually since 1912 and has increased the dividends received by shareholders each calendar year for 52 consecutive years.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
Additionally, when there are unanticipated capital expenditures or regulatory related changes in operating expenses that exceed certain annual thresholds, rates are increased.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
In 2024, capital expenditures did exceed the established threshold.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
Strategy & priorities
The company focuses on employee engagement, operational excellence, superior customer experience, investment in infrastructure, and selective and sustainable growth to deliver value to our customers, investors, and the communities we serve.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
federal securities laws reflecting the current beliefs or expectations of Middlesex Water Company “MSEX” or the “Company” regarding its future performance, its financial condition, its strategic plans and cash flows, its results of operations as well as any other statements that do not directly relate to any historical or current facts.
SEC original ↗Middlesex Water CO — Earnings release (8-K exhibit)EX-99Jul 31, 2025
The budget incorporates key financial and operational inputs, including anticipated revenues, expenses, capital and financing requirements, aligning with the Company s strategic objectives and regulatory obligations.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
Some of these forward-looking statements can be identified by the use of forward-looking words such as believes, expects, may, will, should, seeks, approximately, intends, plans, estimates, projects, strategy, or anticipates, or the negative of those words or other comparable terminology.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
Risks & headwinds
Legal Proceedings 26 Item 1A.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
In addition, beginning in late February 2026, Middlesex customers will receive a $ 3.3 million credit over 12 months from the proceeds of a multi-district litigation (MDL) settlement agreement between Middlesex and manufacturers of Perfluoroalkyl Substances (PFAS) (for further information on the MDL settlement, see MDL Settlement below).
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
MDL Settlement Multiple Company utility subsidiaries are parties to the aforementioned MDL lawsuit against manufacturers of certain PFAS for damages, contribution and reimbursement of costs incurred and continuing to be incurred to address the presence of such PFAS in public water supply systems owned and operated by these utility subsidiaries and throughout their service areas.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
Contingencies Based on our operations in the heavily-regulated water and wastewater industries, the Company is routinely involved in disputes, claims, lawsuits and other regulatory and legal matters, including responsibility for fines and penalties relative to regulatory compliance.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
Note 9 Revenue Recognition from Contracts with Customers The Company s revenues are primarily generated from regulated tariff-based water and wastewater utility services and non-regulated operation and maintenance contracts for services on water and wastewater systems owned by others.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
The Company s regulated revenue results from tariff-based water and wastewater services to residential, industrial, commercial, fire-protection and wholesale customers.
SEC original ↗Middlesex Water CO — 10-Q Quarterly report10-QJul 30, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 8-KMSEX
Jul 30, 2026
- 10-QMSEX
Jul 30, 2026
- Q1 2026
- 8-KMSEX
May 20, 2026
- 8-KMSEX
Apr 30, 2026
- 10-QMSEX
Apr 30, 2026
- Q4 2025
- 8-KMSEX
Mar 26, 2026
- 8-KMSEX
Feb 24, 2026
- 8-KMSEX
Feb 19, 2026
- 10-KMSEX
Feb 19, 2026
- Q3 2025
- 8-KMSEX
Dec 22, 2025
- 8-KMSEX
Oct 31, 2025
- 10-QMSEX
Oct 31, 2025
- Q2 2025
- 8-KMSEX
Jul 31, 2025
- 10-QMSEX
Jul 31, 2025
- Q1 2025
- 8-KMSEX
May 22, 2025
- 8-KMSEX
May 12, 2025
- 8-KMSEX
May 1, 2025
- 10-QMSEX
May 1, 2025
- Q4 2024
- 8-KMSEX
Mar 4, 2025
- 8-KMSEX
Feb 28, 2025
- 10-KMSEX
Feb 28, 2025
- Q3 2024
- 8-KMSEX
Nov 26, 2024
- 8-KMSEX
Nov 5, 2024
- 8-KMSEX
Oct 31, 2024
- 10-QMSEX
Oct 31, 2024
- 8-KMSEX
Oct 24, 2024
- 8-KMSEX
Oct 9, 2024
- Q2 2024
- 8-KMSEX
Aug 30, 2024
- 8-KMSEX
Jul 31, 2024
- 10-QMSEX
Jul 31, 2024
Earnings releases
11 documentsPresentations
0 documentsNo presentations for Middlesex Water CO are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Middlesex Water CO are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.