earnings
confidence high
sentiment neutral
materiality 0.60
Middlesex Water Q3 EPS $0.77 vs $0.80 YoY; revenue down; dividend raised 5.88%
MIDDLESEX WATER CO
2025-Q3 EPS reported
$1.90
revenue$147,715,000
- Diluted EPS $0.77 vs $0.80 in Q3 2024; net income $14.0M vs $14.3M.
- Operating revenue $54.1M, down $1.0M YoY on lower consumption; operating expenses down $1.2M to $36.4M.
- Invested $72M in infrastructure YTD (77% of $93M budget); filed fourth DSIC rate application for $0.9M annual revenues.
- Dividend raised 5.88% to $0.36/share, annual rate $1.44; payable Dec 1 to holders of record Nov 17.
- Signed agreement to acquire Pinewood Acres water utility in DE for $0.2M, serving ~350 customers.