secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLESEX WATER CO (MSEX)
CIK:        0000066004
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001174947-25-000249
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middlesex Water reports 2024 EPS $2.47 vs $1.76; revenue up to $191.9M
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- Net income $44.4M, diluted EPS $2.47 for 2024 vs. $31.5M ($1.76) in 2023, driven by base rate increase and one-time recovery.
- Revenue $191.9M, up $25.6M (15.4%) YoY on rate hike and weather-driven demand across NJ and DE systems.
- Invested $75M in infrastructure in 2024; plans $387M (2025-2027), including $105M for PFAS treatment.
- Tidewater subsidiary approved to acquire Ocean View water assets for ~$4.6M (~900 customers); close expected by April 2025.
- Q1 2025 dividend declared at $0.34/share, payable March 3, 2025; 52 consecutive years of increases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66004/000117494725000249/0001174947-25-000249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66004/000117494725000249/form8k-33688_msx.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000249

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