---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-000711"
form_type: "8-K"
ticker: "MSEX"
cik: "0000066004"
company_name: "MIDDLESEX WATER CO"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:31:14.893056+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Middlesex Water Q1 net income rises 82% to $10.7M; EPS $0.59 vs $0.33

## Summary
- Net income rose 82.1% to $10.7M; diluted EPS $0.59 vs $0.33 YoY.
- Revenue increased 6.2% to $40.5M, driven by NJ base rate increase and higher Delaware demand.
- Quarterly dividend declared $0.325/share, payable June 3, 2024 to holders of record May 15.
- NJBPU base rate case recovery of Park Avenue Wellfield treatment facility costs contributed to earnings.

## SEC filing metadata
- accession: 0001174947-24-000711
- form_type: 8-K
- ticker: MSEX
- cik: 0000066004
- company_name: MIDDLESEX WATER CO
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66004/000117494724000711/0001174947-24-000711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66004/000117494724000711/form8k-32286_msx.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-000711
- JSON: https://secwatch.observer/filing/0001174947-24-000711.json
- Plain text: https://secwatch.observer/filing/0001174947-24-000711.txt

## Key facts
- Earnings Releases
  MIDDLESEX WATER CO reported the quarter ended March 31, 2024 results: revenue $40.5 million, net income $10.7 million, EPS $0.59.
  - Period: the quarter ended March 31, 2024
  - Revenue: $40.5 million
  - Net income: $10.7 million
  - EPS: $0.59
  - Result: reported results
  source text: 2023, an increase of 82.1% · First Quarter 2024 Diluted Earnings Per Share were $0.59, as compared to $0.33 in 2023, an increase of 78.8% · First Quarter 2024 Revenues were $40.5 million, as compared to $38.2 million in 2023, an increase of 6.2% · 2024 Capital Investment Plan Delivery on schedule · Dividend of $0.325 per share of common stock payable in June
  evidence_url: https://www.sec.gov/Archives/edgar/data/66004/000117494724000711/0001174947-24-000711-index.htm

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