---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-009722"
form_type: "8-K"
ticker: "MSEX"
cik: "0000066004"
company_name: "MIDDLESEX WATER CO"
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:52:40.726387+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Middlesex Water reports 2025 EPS $2.36, down from $2.47; NJ rate case adds $14.5M revenue

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-009722
- form_type: 8-K
- ticker: MSEX
- cik: 0000066004
- company_name: MIDDLESEX WATER CO
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66004/000162828026009722/0001628280-26-009722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66004/000162828026009722/msex-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-009722
- JSON: https://secwatch.observer/filing/0001628280-26-009722.json
- Plain text: https://secwatch.observer/filing/0001628280-26-009722.txt

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