secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLESEX WATER CO (MSEX)
CIK:        0000066004
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001174947-25-000675
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Middlesex Water Q1 EPS $0.53 vs $0.59 YoY; revenue up 9.4% to $44.3M; acquires Ocean View
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- Net income $9.5M ($0.53 diluted) vs $10.7M ($0.59) in Q1 2024; decrease due to $4.3M one-time recovery in prior year.
- Operating revenue $44.3M, up $3.8M (+9.4%) driven by rate increases, customer growth, and higher consumption.
- Completed acquisition of Ocean View water assets in Delaware for ~$4.6M, adding ~900 customers.
- Filed third DSIC rate application for $1.9M annual revenues starting June 2025; plans $93M infrastructure investment in 2025.
- Declared $0.34 quarterly dividend payable June 2, 2025 to holders of record May 15, 2025 (52nd year of increases).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66004/000117494725000675/0001174947-25-000675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66004/000117494725000675/form8k-34180_msx.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000675

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