Middlesex Water 2025 profit falls to $42.8M as revenue rises $2.8M
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.
Key points
- 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.
The filing
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 19, 2026.
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.