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Broke on Oct 30, 2026 · measured target $62.65 (+5%). Details →
Oct 29, 4:02 PM ET
Middlesex Water reported third-quarter 2026 net income of $18.0 million, up from $14.0 million a year earlier, with revenue of $60.2 million, up $6.1 million. The company said higher wholesale demand, customer consumption and base rate increases drove the gains, and it declared a 5.56% dividend increase to $0.38 per share.
- Diluted EPS of $0.95 for the quarter ended September 30, 2026, compared with $0.77 a year earlier
- Operating revenues of $60.2 million, up $6.1 million; operating expenses rose $1.6 million to $37.9 million
- Nine-month diluted EPS of $2.31 versus $1.90, with $84 million invested in infrastructure
- Fourth-quarter dividend of $0.38 per share, payable December 1, 2026, to holders of record November 16, 2026
Read the filing on SEC.gov ↗
Jul 30, 4:01 PM ET
Middlesex Water reported second quarter 2026 results, with net income of $14.8 million and diluted EPS of $0.79, up from $10.8 million and $0.60 a year earlier. Operating revenues rose $7.0 million to $56.4 million, driven by wholesale demand, customer consumption and rate increases, while operating expenses rose about $2.7 million. For shareholders, the filing shows higher earnings and a declared third quarter dividend of $0.36 per share.
- Q2 2026 net income was $14.8 million and diluted EPS was $0.79, compared with $10.8 million and $0.60 in Q2 2025.
- Q2 2026 operating revenues were $56.4 million, up $7.0 million; operating expenses were $38.1 million, up about $2.7 million.
- Six-month diluted EPS was $1.36 versus $1.13 a year earlier; six-month net income was $25.4 million, up $5.1 million.
- The board declared a $0.36 per share third quarter dividend, payable September 1, 2026, to holders of record as of August 17, 2026.
Read the filing on SEC.gov ↗
Apr 30, 4:05 PM ET
Middlesex Water reported first-quarter 2026 results, with net income of $10.6 million and diluted EPS of $0.57, up from $9.5 million and $0.53 a year earlier. Operating revenues rose $4.4 million to $48.7 million, while operating expenses increased about $2.9 million to $35.6 million, so profit grew with sales for the quarter.
- Net income was $10.6 million, versus $9.5 million in the first quarter of 2025; diluted EPS was $0.57, versus $0.53.
- Operating revenues were $48.7 million, up $4.4 million from $44.3 million, led by the Middlesex System and the Tidewater System.
- Operating expenses rose about $2.9 million to $35.6 million, mainly from higher variable production costs and labor costs.
- The company invested $21 million in utility infrastructure, about 17% of its planned 2026 investment of $126 million; the $0.36 dividend is payable June 1, 2026.
Read the filing on SEC.gov ↗
Mar 26, 4:05 PM ET
Middlesex Water appointed Tatyana Kaplan as Vice President and Chief Accounting Officer effective March 26, 2026, and Robert J. Capko stepped down as Principal Accounting Officer, remaining with the company as Corporate Controller. The filing also includes a change in control severance agreement with Ms. Kaplan, which pays benefits only if a change in control occurs and employment is then terminated. The changes affect the company's accounting leadership but the filing does not report any financial results.
- Tatyana Kaplan appointed Vice President and Chief Accounting Officer, effective March 26, 2026
- Robert J. Capko departs as Principal Accounting Officer, effective March 26, 2026, and remains an employee as Corporate Controller
- Ms. Kaplan's change in control agreement is dated March 26, 2026 and provides severance benefits only after a change in control, defined as acquisition of 20 percent or more of voting shares, among other events
- Ms. Kaplan previously was Director of Accounting for Veolia North America's regulated utility business and is a Certified Public Accountant
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.