{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-24-000278","form_type":"8-K","ticker":"MSEX","cik":"0000066004","company_name":"MIDDLESEX WATER CO","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.677468+00:00","generated_at":"2026-06-05T07:31:59.952301+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Middlesex Water 2023 net income down 26% to $31.5M; diluted EPS $1.76","bullets":["Operating revenues increased to $166.3M, up $3.8M (+2.3%) from 2022, driven by base rate case and PWCA clause revenues.","Net income decreased $10.9M to $31.5M; diluted EPS fell to $1.76 from $2.39, partly due to absence of $5.2M gain on sale of wastewater subsidiary in 2022.","Board increased quarterly dividend by 4.0% to $0.325/share, marking 51st consecutive annual increase; payable March 1, 2024.","Nadine Leslie assumes role of President and CEO effective March 1, 2024, succeeding Dennis W. Doll who remains Chairman.","Operations and maintenance expenses rose $4.0M to $83.1M on higher production costs; depreciation up $2.2M on increased utility plant."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-24-000278","json":"https://secwatch.observer/filing/0001174947-24-000278.json","markdown":"https://secwatch.observer/filing/0001174947-24-000278.md","text":"https://secwatch.observer/filing/0001174947-24-000278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66004/000117494724000278/0001174947-24-000278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66004/000117494724000278/form8k-31662_msx.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T07:31:59.952301+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":"28d635d64aa4b56826ca3e69b62035e28b9e845c","claim":"MIDDLESEX WATER CO reported the year ended December 31, 2023 results: revenue $166.3 million, net income $31.5 million, EPS $1.76 per share on a fully diluted basis.","evidence_excerpt":"or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023. 2023 OPERATING RESULTS Consolidated operating revenues increased to $166.3 million for the year ended December 31, 2023, up $3.8 million from 2022. factors affecting operating revenues were: · A net $4.2 million increase in our Middlesex System revenues due to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66004/000117494724000278/0001174947-24-000278-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$166.3 million"},{"label":"Net income","value":"$31.5 million"},{"label":"EPS","value":"$1.76 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"}