---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-000675"
form_type: "8-K"
ticker: "MSEX"
cik: "0000066004"
company_name: "MIDDLESEX WATER CO"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:36:24.534526+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Middlesex Water Q1 2023: EPS $0.33 vs $0.68 (incl one-time gain); revenue $38.2M

## Summary
- Quarterly operating revenues $38.2M, up $2.0M (5.5%) from Q1 2022; Middlesex System revenue up $2.2M from rate increase.
- Net income decreased $6.2M; diluted EPS $0.33 vs $0.68 in Q1 2022 which included $5.2M pre-tax gain on sale of Delaware wastewater subsidiary.
- O&M expenses increased $1.1M driven by higher production costs, chemicals, and labor costs.
- Quarterly dividend $0.3125/share declared, payable June 1, 2023 to holders of record May 12, 2023; dividend unchanged.
- Virtual annual meeting scheduled for May 23, 2023 at 11:00 AM EDT.

## SEC filing metadata
- accession: 0001174947-23-000675
- form_type: 8-K
- ticker: MSEX
- cik: 0000066004
- company_name: MIDDLESEX WATER CO
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66004/000117494723000675/0001174947-23-000675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66004/000117494723000675/form8k-30085_msx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-000675
- JSON: https://secwatch.observer/filing/0001174947-23-000675.json
- Plain text: https://secwatch.observer/filing/0001174947-23-000675.txt

## Key facts
- Earnings Releases
  MIDDLESEX WATER CO reported the quarter ended March 31, 2023 results: revenue $38.2 million, EPS $0.33 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $38.2 million
  - EPS: $0.33 per diluted share
  - Result: reported results
  source text: of water and wastewater services, today reported first quarter financial results. First Quarter 2023 Results Quarterly consolidated operating revenues rose $2.0 million to $38.2 million compared to the same period in 2022. Revenues in our Middlesex System increased $2.2 million primarily due to the final phase of the 2021 New Jersey Board of Public Utilities’
  evidence_url: https://www.sec.gov/Archives/edgar/data/66004/000117494723000675/0001174947-23-000675-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.