secwatch.observer — SEC 8-K summary
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Issuer:     MIDDLESEX WATER CO (MSEX)
CIK:        0000066004
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001628280-26-009722
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66004/000162828026009722/0001628280-26-009722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66004/000162828026009722/msex-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-009722

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