Core Viewpoint - Middlesex Water missed Wall Street expectations for both revenue and profit in Q2 2025, reporting $49.3 million in GAAP revenue and $0.60 in GAAP EPS, which were below analyst estimates of $51.34 million and $0.66 respectively. The company experienced modest growth year-over-year but faced challenges from rising costs and weaker customer demand [1][5]. Financial Performance - Q2 2025 GAAP EPS was $0.60, slightly up from $0.59 in Q2 2024, but below the estimate of $0.66 [2] - GAAP revenue for Q2 2025 was $49.3 million, a 0.4% increase from $49.1 million in Q2 2024, but below the expected $51.34 million [2][5] - Net income for Q2 2025 was $10.8 million, up 2.9% from $10.5 million in Q2 2024 [2] - Total operating expenses increased by 4.7% to $35.4 million compared to Q2 2024 [2][6] Business Overview - Middlesex Water operates regulated water and wastewater utilities, serving over 500,000 people in New Jersey and Delaware, with revenues primarily derived from customer water consumption [3] - The company focuses on ongoing investments in infrastructure to comply with environmental regulations and secure regulatory approvals for rate increases [4] Regulatory Developments - In July 2025, the Delaware subsidiary Tidewater Utilities received approval for a settlement that raised annual operating revenue by $5.5 million, with a return on common equity of 9.5% [7] - The company filed for a $24.9 million base rate increase in New Jersey to recover nearly $100 million in infrastructure investments [7] Capital Investment - Capital investment remains a strategic priority, with $51 million spent in the first half of 2025, representing approximately 55% of the 2025 capital plan [8] - The company is pursuing expanded rights to recover capital costs through distribution system improvement surcharges, which could raise up to $11.4 million annually [8] Shareholder Returns - Middlesex Water declared a quarterly cash dividend of $0.34 per share, marking the 52nd consecutive year of annual dividend increases [10] Future Outlook - Management did not provide explicit EPS or revenue guidance for the remainder of fiscal 2025, with future performance dependent on the outcome of the pending New Jersey rate request and ongoing infrastructure investments [11]

Middlesex Water (MSEX) came out with quarterly earnings of $0.6 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.76%. A quarter ago, it was expected that this water utility would post earnings of $0.55 per share when it actually produced earnings of $0.53, delivering a surprise of -3.64%.Over the last four quarters, the co ...

Diluted earnings per share (“EPS”) of $0.60Invested $51 million in water and wastewater utility infrastructure during the first half of 2025, or approximately 55% of the 2025 capital budgetConstructive outcome of the general base rate case in DelawareDeclared $0.34 common stock cash dividend ISELIN, N.J., July 31, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ: MSEX) today announced financial results for the second quarter ended June 30, 2025. “We appreciate the dedi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to______________________ Commission File Number 0-422 MIDDLESEX WATER COMPANY (Exact name of registrant as specified in its charter) FORM 10-Q New Jersey ...

Middlesex Water Company Reports Second Quarter 2025 Earnings ISELIN, N.J., July 31, 2025 -- Middlesex Water Company ("Middlesex" or the "Company") (NASDAQ: MSEX) today announced financial results for the second quarter ended June 30, 2025. "We appreciate the dedication and commitment of the Delaware Public Service Commission Staff and the Public Advocate during a comprehensive review process of our general rate case," said Nadine Leslie, Chair, President and Chief Executive Officer of Middlesex Water Compan ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Middlesex Water (MSEX) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. O ...

Middlesex Water (NASDAQ: MSEX ) shares, which have fallen by approximately 55% from their peak price since the end of 2021, have now reached a fairly favorable valuation. The company's business is well-functioning and stable, which makes it an attractiveI am primarily a dividend investor and oriented towards value stocks. But at the same time, I do not limit my interests only to dividend stocks and value stocks. I have 10 years of investment and trading experience. My special interest is in the stocks of Ea ...

Core Viewpoint - Middlesex Water Company is set to report its financial results for the second quarter of 2025 on July 31, 2025, after market close, with the press release and Form 10-Q available on its website [1] Company Overview - Middlesex Water Company is a leading investor-owned water and wastewater utility in the United States, established in 1897 [2] - The company serves over half a million people in New Jersey and Delaware, focusing on employee engagement, operational excellence, superior customer experience, infrastructure investment, and sustainable growth [2]

Core Viewpoint - Middlesex Water Company has filed a petition with the New Jersey Board of Public Utilities to request new rates due to nearly $100 million in investments aimed at improving water quality and meeting environmental regulations [1]. Group 1: Investment and Infrastructure - The company is seeking a total annual revenue increase of $24.9 million, which would result in an average increase of approximately $14.13 per month for residential customers using about 15,000 gallons of water per quarter [1]. - Investments include modernizing treatment plants, upgrading distribution systems, and implementing technological improvements to enhance system resilience against climate risks and emerging contaminants [1][4]. - Specific projects include replacing approximately 12 miles of cast iron water mains, updating fire hydrants, and advancing the "Knocking Out Lead" initiative to eliminate lead service lines by 2031 [4]. Group 2: Company Overview - Middlesex Water Company is a premier investor-owned water and wastewater utility, serving over half a million people in New Jersey and Delaware since its establishment in 1897 [2]. - The company emphasizes employee engagement, operational excellence, superior customer experience, and sustainable growth to deliver value to customers and investors [2].

Analyst’s Disclosure:I/we have a beneficial long position in the shares of YORW, VEOEY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial ...