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 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.
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 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 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 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 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.
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 names new CFO; O'Connor retires after 34 years
MSEX appoints Mohammed G. Zerhouni as SVP, CFO & Treasurer effective June 24, 2024.
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 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 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 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 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 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 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%.
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