secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLESEX WATER CO (MSEX)
CIK:        0000066004
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001174947-23-001372
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66004/000117494723001372/0001174947-23-001372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66004/000117494723001372/form8k-31073_msx.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-001372

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