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

Middlesex Water Q1 revenue rises to $44.3 million, but EPS falls to $0.53

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyMiddlesex Water (MSEX)
Form8-K, current report
Filed with the SECMay 1, 2025, 4:05 PM ET
Accession number0001174947-25-000675

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 May 01, 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.