Highest-materiality recent filing
Middlesex Water Q2 net income $14.8M, EPS $0.79 vs $0.60 YoY; dividend $0.36
Net income $14.8M, diluted EPS $0.79 vs $0.60 in Q2 2025.
Middlesex Water shareholders elect directors and approve say-on-pay and auditor
Elected Class II director Robert Hoglund (14.1M for, 0.15M withheld) and Class III directors Bershad, Cosgrove, McKoy (13.6M, 13.6M, 11.4M for).
Middlesex Water Q1 EPS $0.57 vs $0.53; revenue $48.7M up 10% YoY
Net income $10.6M, diluted EPS $0.57; YoY increases from $9.5M and $0.53.
Tatyana Kaplan appointed VP & Chief Accounting Officer effective March 26, 2026, previously Director of Accounting at Veolia.
Amendment to ATM equity offering program (max $110M) adds Huntington Securities as sales agent, removes Janney Montgomery Scott.
Middlesex Water reports 2025 EPS $2.36, down from $2.47; NJ rate case adds $14.5M revenue
Diluted EPS $2.36 for 2025 vs $2.47; net income $42.8M, down $1.5M YoY.
Middlesex Water appoints Robert Hoglund (ex-Con Edison CFO) to board, effective Jan 1, 2026
Robert Hoglund elected to Board of Directors effective January 1, 2026; served as Con Edison CFO for 18+ years.
Middlesex Water Q3 EPS $0.77 vs $0.80 YoY; revenue down; dividend raised 5.88%
Diluted EPS $0.77 vs $0.80 in Q3 2024; net income $14.0M vs $14.3M.
Net income of $10.8M ($0.60 diluted EPS) vs $10.5M ($0.59) in Q2 2024; YTD net income $20.3M ($1.13) vs $21.3M ($1.18).
Middlesex Water annual meeting: directors elected, say-on-pay passed, PwC ratified
Directors Klein and Mansue (Class II) elected with ~11.9M and ~12.4M 'for' votes; Reinhard (Class III) with ~10.4M.
Middlesex Water enters $110M ATM equity offering for capex and general purposes
Up to $110M of common stock may be sold at market prices via ATM offering with BofA Securities, Baird, and Janney.
Middlesex Water Q1 EPS $0.53 vs $0.59 YoY; revenue up 9.4% to $44.3M; acquires Ocean View
Net income $9.5M ($0.53 diluted) vs $10.7M ($0.59) in Q1 2024; decrease due to $4.3M one-time recovery in prior year.
Middlesex Water dismisses Baker Tilly, appoints PwC as new auditor for FY2025
Baker Tilly dismissed effective March 3, 2025; Audit Committee selected PwC for FY2025 audit.
Middlesex Water reports 2024 EPS $2.47 vs $1.76; revenue up to $191.9M
Net income $44.4M, diluted EPS $2.47 for 2024 vs. $31.5M ($1.76) in 2023, driven by base rate increase and one-time recovery.
Middlesex Water appoints Gregory Sorensen as VP/COO; VP Andreasen to retire after 42 years
Gregory Sorensen named Vice President and Chief Operating Officer, effective December 16, 2024.
Middlesex Water renews change in control agreements for six executives, amends CEO agreement
Existing change in control agreements with seven executives not extended past Dec 31, 2024; new agreements effective Jan 1, 2025.
Middlesex Water Q3 EPS $0.80, up 42.9% YoY; dividend raised 4.62%
Diluted EPS $0.80 vs $0.56 YoY; net income $14.3M, up $4.3M.
Middlesex Water raises quarterly dividend 4.62% to $0.34; 52nd consecutive annual increase
Quarterly dividend increased 4.62% to $0.34 per share from $0.325, payable Dec 2, 2024 to holders of record Nov 15.
Middlesex Water VP Bernadette Sohler to retire Dec 31, 2024 after 30 years
Bernadette M. Sohler, VP – Corporate Affairs, retires effective Dec 31, 2024; spent 30 years at Middlesex.
Tidewater Utilities files $10.3M rate increase request after decade-long pause
Tidewater (MSEX subsidiary) filed with Delaware PSC for $10.3 million annual revenue increase.
Middlesex Water Q2 net income $10.5M, up 6.5%; revenue $49.1M, up 14.8%
Diluted EPS $0.59 vs $0.55 in prior year; net income $10.5M, up 6.5%.
Middlesex Water declares $0.325 quarterly dividend, payable Sept 3
Quarterly cash dividend of $0.325 per share declared.
Middlesex Water names new CFO; O'Connor retires after 34 years
MSEX appoints Mohammed G. Zerhouni as SVP, CFO & Treasurer effective June 24, 2024.
Middlesex Water shareholders re-elect directors, approve say-on-pay, ratify auditor
Re-elected Kim C. Hanemann and Ann L. Noble and elected Nadine Leslie as Class I directors for 3-year terms.
Middlesex Water Q1 net income rises 82% to $10.7M; EPS $0.59 vs $0.33
Net income rose 82.1% to $10.7M; diluted EPS $0.59 vs $0.33 YoY.
Middlesex Water declares $0.325 quarterly dividend, payable June 3
Dividend of $0.325 per share declared, payable June 3, 2024 to shareholders of record May 15, 2024.
Middlesex Water 2023 net income down 26% to $31.5M; diluted EPS $1.76
Operating revenues increased to $166.3M, up $3.8M (+2.3%) from 2022, driven by base rate case and PWCA clause revenues.
Middlesex Water gets NJBPU approval for $15.4M rate increase (14.06%) effective March 1, 2024
NJBPU approved $15.4M (14.06%) base water rate increase effective March 1, 2024.
Middlesex Water declares $0.325 quarterly dividend payable March 1, 2024
Quarterly cash dividend of $0.325 per share declared by Board.
Middlesex Water names Nadine Leslie President & CEO effective March 1, 2024
Nadine Leslie appointed President & CEO and Board member, succeeding retiring CEO Dennis Doll.
Middlesex Water to implement provisional rate increase of 16.22% effective Feb 15, 2024
Provisional rates are temporary pending BPU final decision on $34M annual revenue request.
Middlesex Water Q3 net income falls 45% to $0.56 EPS; revenue drops to $46.7M
Q3 2023 net income decreased $4.3M to $0.56 diluted EPS vs $0.80 YoY.
Middlesex Water discloses material weakness in IT controls; auditor to revise 2022 report
Material weakness in IT general controls over user access and change management as of Dec 31, 2022.
Middlesex Water raises quarterly dividend by 4.0% to $0.325; 51st consecutive year of increases
Quarterly dividend increased to $0.325 per share, a 4.0% increase from $0.3125.
Middlesex Water settles litigation with 3M; terms confidential, no material financial impact
Settlement Agreement entered on Aug 29, 2023 with 3M Company regarding previously reported litigation.
Middlesex Water Q2 revenue up 7.9% to $42.8M, EPS $0.55 vs $0.50
Operating revenue $42.8M, +$3.1M YoY; diluted EPS $0.55, +10.0% YoY.
Middlesex Water declares $0.3125 quarterly dividend, payable Sept 1
Dividend of $0.3125 per share, payable Sept 1, 2023 to holders of record Aug 11, 2023.
Middlesex Water CEO Dennis Doll to retire Dec 2023; Q1 net income drops 51% to $5.9M
Shareholders re-elected Class III directors and approved say-on-pay; Baker Tilly ratified as auditor.
Middlesex Water CEO Dennis Doll to retire by end of 2023; search underway
Dennis Doll plans to retire upon turning 65; effective later of Dec 31, 2023 or when successor is named and on board.
Middlesex Water files for $33.9M (31.23%) base rate increase with NJ BPU
Requests $33.9M annual base rate increase (31.23%) for the Middlesex system; residential customer bill would rise ~$20.22/month.
Middlesex Water Q1 2023: EPS $0.33 vs $0.68 (incl one-time gain); revenue $38.2M
Quarterly operating revenues $38.2M, up $2.0M (5.5%) from Q1 2022; Middlesex System revenue up $2.2M from rate increase.
Middlesex Water declares $0.3125 quarterly dividend, marks 50th year of annual increases
Quarterly cash dividend of $0.3125 per share declared; payable June 1, 2023 to holders of record May 12, 2023.
Middlesex Water appoints Robert J. Capko Principal Accounting Officer effective April 1, 2023
Robert J. Capko named Principal Accounting Officer; will continue as Corporate Controller.
Middlesex Water reports 2022 revenue $162.4M, net income $42.4M, EPS $2.39, dividend up 7.76%
Revenue $162.4M, up $19.3M YoY; net income $42.4M ($2.39 diluted EPS) vs $36.5M ($2.07) in 2021.
Middlesex Water offers 3% discount on Investment Plan stock purchases through Dec 1 or 200k shares
3% discount on common stock purchased via Middlesex Water Investment Plan, effective March 1, 2023.
Middlesex Water declares $0.3125 quarterly dividend, payable March 1, 2023
Quarterly cash dividend of $0.3125 per share declared by Board on Jan 27, 2023.
Middlesex Water Q3 EPS $0.80, up 23%; revenue $47.7M, +19.7% YoY; dividend raised 7.8%
Q3 diluted EPS $0.80 vs $0.65 in 2021; net income $14.3M, up 24.5%.
Middlesex Water corrects dividend increase to 7.76%, declares $0.3125 quarterly dividend
Quarterly cash dividend raised to $0.3125 per share from $0.29; annual rate now $1.25.
Middlesex Water raises quarterly dividend 7.6% to $0.3125/share
Quarterly cash dividend increased 7.6% to $0.3125 per share from $0.29 per share declared in July 2022.
Middlesex Water enters NJDEP consent order over PFOA exceedance; permanent fixes due June 2023
NJDEP issued Notice of Non-Compliance in Sept 2021 for PFOA above new 14 ppt standard; no acute health threat.
On October 9, 2024, Middlesex Water Company announced the retirement of Bernadette M. Sohler, Vice President – Corporate Affairs of Middlesex Water Company (the “Company”) effective December 31, 2024, as per the attached release.
Max materiality 0.85 · Median 0.60 · Most common event earnings