earnings
confidence high
sentiment positive
materiality 0.70
Middlesex Water Q2 net income $14.8M, EPS $0.79 vs $0.60 YoY; dividend $0.36
MIDDLESEX WATER CO
- Net income $14.8M, diluted EPS $0.79 vs $0.60 in Q2 2025.
- Operating revenues $56.4M, up $7.0M YoY on wholesale demand, consumption, rate increases.
- Invested $53M in infrastructure in H1 2026, 42% of planned $126M annual investment.
- Declared Q3 dividend $0.36/share, payable Sept 1, 2026; 53 consecutive years of increases.
- Six-month net income $25.4M, EPS $1.36 vs $1.13 in prior year period.