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AI brief of an SEC Form 8-K · Middlesex Water (MSEX)

Middlesex Water reports 2024 EPS of $2.47, up from $1.76; net income $44.4 million

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyMiddlesex Water (MSEX)
Form8-K, current report
Filed with the SECFeb 28, 2025, 4:11 PM ET
Accession number0001174947-25-000249

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 28, 2025.

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.