Middlesex Water Q3 diluted EPS falls to $0.77 from $0.80 as revenue declines
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits 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 October 31, 2025.
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.