{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000257","form_type":"8-K","ticker":"MSEX","cik":"0000066004","company_name":"MIDDLESEX WATER CO","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.780178+00:00","generated_at":"2026-06-19T01:02:05.239177+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Middlesex Water reports 2022 revenue $162.4M, net income $42.4M, EPS $2.39, dividend up 7.76%","bullets":["Revenue $162.4M, up $19.3M YoY; net income $42.4M ($2.39 diluted EPS) vs $36.5M ($2.07) in 2021.","Dividend increased 7.76% in Q3 2022, marking 50th consecutive year of increases; quarterly dividend $0.3125/share payable March 1, 2023.","Operating revenues increase driven by $21.6M base rate increase in NJ and $0.9M customer growth in DE, partially offset by 6% rate reduction in DE.","Operation and maintenance expenses up $5.4M to $79.1M due to labor, production costs, and main break activity.","Company begins offering shares at 3% discount under Investment Plan until 200,000 shares purchased or Dec 1, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000257","json":"https://secwatch.observer/filing/0001174947-23-000257.json","markdown":"https://secwatch.observer/filing/0001174947-23-000257.md","text":"https://secwatch.observer/filing/0001174947-23-000257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66004/000117494723000257/0001174947-23-000257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66004/000117494723000257/form8k-29494_msx.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:02:05.239177+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"73e445463a49e6e4acd2352de2ae9599bd8b7120","claim":"MIDDLESEX WATER CO reported the year ended December 31, 2022 results: revenue $162.4 million, net income $42.4 million, EPS $2.39 per share on a fully diluted basis.","evidence_excerpt":"Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2022. 2022 OPERATING RESULTS Consolidated operating revenues increased to $162.4 million for the year ended December 31, 2022, up $19.3 million from 2021. The increase in operating revenues was primarily due to: · $21.6 million increase in the Middlesex System in New Jersey due to a January 1, 2022 base rate increase and higher weather driven demand across all customer classes in New Jersey; and · $0.9 million increase related to customer growth in our Delaware system, Tidewater Utilities, Inc., partially offset by a 6% rate reduction effective September 1, 2022. Operation and maintenance expenses for the year ended December 31, 2022 increased to $79.1 million, an increase of $5.4 million from the same period in 2021, primarily due to increased labor and employee benefits costs, higher variable production costs due to increased demand, weather-driven ch","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66004/000117494723000257/0001174947-23-000257-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$162.4 million"},{"label":"Net income","value":"$42.4 million"},{"label":"EPS","value":"$2.39 per share on a fully diluted basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}