Every material Form 8-K Middlesex Water has filed with the SEC since October 09, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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.
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
On February 20, 2026, Middlesex Water amended its at-the-market equity sales agreement, which allows sales of up to $110,000,000 of common stock. Janney Montgomery Scott stopped acting as a sales agent and Huntington Securities was added, while commissions, manner of sale and the maximum offering amount were not changed. The amendment is an administrative change to the existing share sale program, and the filing does not state any shares sold under it.
Maximum aggregate offering amount under the equity sales agreement: $110,000,000, unchanged by the amendment
Amendment dated February 20, 2026; Janney Montgomery Scott LLC ceased as a sales agent and Huntington Securities, Inc. was added
Sales to be made under shelf registration statement on Form S-3 (File No. 333-287177) and a prospectus supplement dated May 12, 2025, as supplemented
Middlesex Water reported 2025 net income of $42.8 million, down $1.5 million from 2024, and diluted EPS of $2.36 versus $2.47, while operating revenues rose about $2.8 million to $194.7 million. The New Jersey Board of Public Utilities approved a base rate increase of $14.5 million, which the company says supports its infrastructure investment plans, but the profit decline means shareholders see weaker earnings on the year.
2025 diluted EPS was $2.36, versus $2.47 in 2024; net income was $42.8 million, down $1.5 million.
Q4 2025 diluted EPS was $0.46, versus $0.49 in Q4 2024; Q4 net income was $8.6 million, versus $8.8 million.
NJBPU approved a $14.5 million annual revenue increase, with new rates effective February 23, 2026.
The company plans about $126 million of infrastructure investment in 2026 and $506 million from 2026 through 2028.
Middlesex Water's board elected Robert Hoglund, former CFO of Consolidated Edison, as a director effective January 1, 2026, and he will serve on the Audit and Enterprise Risk Committees. The company also agreed on December 19, 2025 to amend the employment agreements of CFO Mohammed G. Zerhouni and COO Gregory Sorensen, setting severance terms and short-term incentive eligibility.
Robert Hoglund elected to the board on December 19, 2025, effective January 1, 2026; filing describes him as independent
Hoglund appointed to the Audit Committee and Enterprise Risk Committee, effective January 1, 2026
Employment agreement amendments with Mohammed G. Zerhouni (SVP, CFO and Treasurer) and Gregory Sorensen (VP and COO) cover a lump sum payment and benefit continuation if terminated without cause or resigning for good reason
Executives are also made eligible for annual short-term incentive compensation
Middlesex Water reported third quarter 2025 results with diluted EPS of $0.77, down from $0.80 a year earlier, and operating revenues of $54.1 million, down $1.0 million, which it attributed to lower consumption from unfavorable weather. The company also raised its quarterly dividend 5.88% to $0.36 per share and signed an agreement to buy Pinewood Acres water utility assets in Delaware, which matters to shareholders because the earnings decline is the headline measure while the dividend increase and acquisition are secondary.
Q3 2025 diluted EPS was $0.77 versus $0.80 in Q3 2024; net income was $14.0 million versus $14.3 million.
Operating revenues were $54.1 million, down $1.0 million from $55.1 million, due to lower consumption driven by unfavorable weather.
Quarterly dividend raised 5.88% to $0.36 per share, payable December 1, 2025, for an annual rate of $1.44.
Asset purchase agreement to acquire Pinewood Acres water utility assets in Delaware for $0.2 million, serving about 350 customers.
Middlesex Water reported second-quarter 2025 net income of $10.8 million, up from $10.5 million a year earlier, with operating revenues of $49.3 million, up $0.2 million. For the first six months, net income fell $1.0 million to $20.3 million, mainly because of a one-time 2024 recovery, while the Delaware Public Service Commission approved a rate increase of $5.5 million in annual operating revenues effective July 3, 2025.
Q2 2025 diluted EPS was $0.60 versus $0.59 in Q2 2024; operating revenues were $49.3 million versus $49.1 million.
Six-month diluted EPS was $1.13 versus $1.18 in the first half of 2024; six-month net income was $20.3 million, down $1.0 million.
Delaware rate increase of $5.5 million in annual operating revenues, based on a 9.5% authorized return on common equity, took effect July 3, 2025.
Board declared a $0.34 per share third-quarter dividend, payable September 2, 2025, to holders of record as of August 15, 2025.
Middlesex Water Company entered into an at-the-market equity sales agreement on May 12, 2025, allowing it to sell common stock up to $110,000,000 through BofA Securities, Robert W. Baird & Co., and Janney Montgomery Scott. The company says proceeds would fund capital expenditures, plant equipment, and general corporate purposes, and it is not obligated to sell any shares; sales would dilute existing shareholders' ownership.
Maximum aggregate offering amount: $110,000,000 of common stock, sold from time to time at prevailing market prices
Sales agents receive commissions of up to 2.0% of gross proceeds, plus reimbursement of certain expenses
Sales are made under a Form S-3 shelf registration (File No. 333-287177) filed May 12, 2025, with a prospectus supplement filed the same day
Middlesex is not obligated to sell any shares and may terminate the agreement at any time
Middlesex Water reported first quarter 2025 operating revenue of $44.3 million, up $3.8 million from a year earlier, driven by rate increases, higher consumption and customer growth. Net income fell to $9.5 million, and diluted EPS fell to $0.53 from $0.59, mainly because the first quarter of 2024 included a one-time recovery of $4.3 million (net of tax) in previously incurred costs.
Operating revenue was $44.3 million, up from $40.5 million in the first quarter of 2024.
Net income was $9.5 million, compared with $10.7 million a year earlier; diluted EPS was $0.53, compared with $0.59.
The company completed the approximately $4.6 million acquisition of Ocean View water utility assets in Delaware in April 2025.
The Board declared a second quarter dividend of $0.34 per common share, payable June 2, 2025, to holders of record as of May 15, 2025.
Middlesex Water reported 2024 net income of $44.4 million and diluted EPS of $2.47, up from $31.5 million and $1.76 in 2023. Revenue rose $25.6 million to $191.9 million, driven mainly by a New Jersey base rate increase and higher weather-driven customer demand, which points to stronger earnings for shareholders.
2024 net income of $44.4 million, up $12.8 million from 2023; diluted EPS of $2.47 versus $1.76
2024 revenues of $191.9 million, up $25.6 million from $166.3 million; Middlesex System revenues rose $19.9 million on the base rate increase approved in March 2024
Fourth quarter 2024 net income of $8.8 million and diluted EPS of $0.49, versus $5.8 million and $0.32 in the fourth quarter of 2023
Board declared a first quarter 2025 dividend of $0.34 per share, payable March 3, 2025; Ocean View water utility asset purchase for about $4.6 million expected to close by April 2025
Middlesex Water Company named Gregory Sorensen as Vice President and Chief Operating Officer, effective December 16, 2024, as part of succession planning and organizational realignment. He reports directly to the President and Chief Executive Officer and will oversee engineering and operations functions. The filing also discloses that Engineering executive G. Christian Andreasen is retiring.
Sorensen's base salary is $475,000 per year, with a target annual equity grant of 30% of base salary beginning in 2025.
He receives a supplemental equity grant of shares valued at $120,000, which fully vest one business day after award.
Sorensen was most recently President, West Region, at Liberty Utilities, with regulated utility revenue of over $400 million under his oversight.
The company also announced the retirement of G. Christian Andreasen, Vice President, Enterprise Engineering.
Middlesex Water told six executives, including Bernadette Sohler and G. Christian Andreasen, that their existing change-in-control agreements will not be extended past December 31, 2024. On November 1, 2024, it signed new 2025 agreements with five executives (Kooper, Ginegaw, Fullagar, Simpson and Capko), and on November 4, 2024 it amended CEO Nadine Leslie's agreement. The filing describes severance benefits payable if an executive is terminated without cause or resigns for good reason within two years after a change in control.
Notice on November 1, 2024 that existing agreements with Bernadette Sohler and G. Christian Andreasen and five other executives will not be extended past December 31, 2024
New 2025 Change in Control Agreements signed November 1, 2024 with Jay Kooper, Lorrie Ginegaw, Robert Fullagar, Georgia Simpson and Robert Capko, effective January 1, 2025
Change in Control Amendment with President and CEO Nadine Leslie signed November 4, 2024
Middlesex Water reported third quarter 2024 results on October 31, 2024, with diluted earnings per share of $0.80 versus $0.56 a year earlier and revenue of $55.1 million, up $8.4 million. The company also raised its quarterly dividend 4.62% to $0.34 per share, lifting the annual rate to $1.36 from $1.30.
Q3 2024 net income was $14.3 million, up $4.3 million from the same period in 2023.
Nine-month diluted EPS was $1.98 versus $1.44, helped in part by a one-time recovery of $6.8 million in prior period costs at the Park Avenue Wellfield.
Quarterly dividend of $0.34 per share is payable December 2, 2024, to holders of record as of November 15, 2024.
Operations and maintenance expenses for the quarter rose $2.8 million, driven by legal, financial and regulatory matter costs among other factors.
Middlesex Water Company said Vice President of Corporate Affairs Bernadette M. Sohler will retire effective December 31, 2024, after 30 years with the company. The company said her current role is being reevaluated as part of an organizational realignment under new leadership, with the selection process to follow.
Bernadette M. Sohler, Vice President of Corporate Affairs, retires effective December 31, 2024; she joined in 1994 and became a vice president in 2007.
The company hired Jennifer Ketschke as an investor relations director, reporting to the Senior Vice President, Chief Financial Officer and Treasurer.
Sohler's current role is being reevaluated, and the company said the selection process will follow in due time.
Summer DeFeo, Director of Communications, will continue to support other corporate affairs activities.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Middlesex Water filing is on SEC EDGAR ↗. 8-K briefs of other companies →