secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLESEX WATER CO (MSEX)
CIK:        0000066004
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001174947-23-000675
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66004/000117494723000675/0001174947-23-000675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66004/000117494723000675/form8k-30085_msx.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-000675

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