earnings
confidence high
sentiment neutral
materiality 0.70
Middlesex Water reports 2025 EPS $2.36, down from $2.47; NJ rate case adds $14.5M revenue
MIDDLESEX WATER CO
2025-FY EPS reported
$2.36
revenue$194,694,000
- Diluted EPS $2.36 for 2025 vs $2.47; net income $42.8M, down $1.5M YoY.
- Operating revenues $194.7M, +$2.8M on rate increases and customer growth.
- NJBPU approved $14.5M annual revenue increase, 9.6% ROE, 54.25% equity ratio, effective Feb 23.
- Capex $96M in 2025; plans $126M in 2026 and $506M 2026–2028, incl. $255M for PFAS treatment.
- Q1 dividend $0.36 per share declared, flat vs prior quarter; payable March 2, 2026.