---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-001372"
form_type: "8-K"
ticker: "MSEX"
cik: "0000066004"
company_name: "MIDDLESEX WATER CO"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:03:49.582904+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Middlesex Water Q3 net income falls 45% to $0.56 EPS; revenue drops to $46.7M

## Summary
- Q3 2023 net income decreased $4.3M to $0.56 diluted EPS vs $0.80 YoY.
- Revenues fell $1.0M to $46.7M due to lower customer demand in NJ and DE systems.
- Operations and maintenance expenses rose $2.3M on higher purchased water and treatment costs.
- Board declared $0.325 quarterly dividend, a 4% increase from $0.3125, payable Dec 1, 2023.
- YTD diluted EPS $1.44 vs $1.99; net income down $9.5M.

## SEC filing metadata
- accession: 0001174947-23-001372
- form_type: 8-K
- ticker: MSEX
- cik: 0000066004
- company_name: MIDDLESEX WATER CO
- filed_at: 2023-11-09T23:59:59+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/66004/000117494723001372/0001174947-23-001372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66004/000117494723001372/form8k-31073_msx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-001372
- JSON: https://secwatch.observer/filing/0001174947-23-001372.json
- Plain text: https://secwatch.observer/filing/0001174947-23-001372.txt

## Key facts
- Earnings Releases
  MIDDLESEX WATER CO reported the nine months ended September 30, 2023 results: revenue $127.7 million, EPS $1.44.
  - Period: the nine months ended September 30, 2023
  - Revenue: $127.7 million
  - EPS: $1.44
  - Result: reported results
  source text: Revenues for the nine months ended September 30, 2023, were $127.7 million, an increase of $4.1 million over the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66004/000117494723001372/0001174947-23-001372-index.htm
- Earnings Releases
  MIDDLESEX WATER CO reported the quarter ended September 30, 2023 results: revenue $46.7 million, EPS $0.56.
  - Period: the quarter ended September 30, 2023
  - Revenue: $46.7 million
  - EPS: $0.56
  - Result: reported results
  source text: Revenues for the quarter ended September 30, 2023 decreased $1.0 million to $46.7 million, compared to the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66004/000117494723001372/0001174947-23-001372-index.htm

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