Earnings ·
Reports Q3 diluted EPS of $0.95 and declares $0.38 quarterly dividend
MSEXMiddlesex Water Co
Middlesex Water Company reported net income of $18.0 million and diluted earnings per share of $0.95 for the quarter ended September 30, 2026, compared to $14.0 million and $0.77 in the prior year period. Operating revenues increased $6.1 million to $60.2 million, driven by higher wholesale demand, customer consumption, and base rate increases across its Middlesex and Tidewater systems. The company also announced a fourth-quarter cash dividend of $0.38 per common share, representing a 5.56% increase from the previous year's rate. This marks the company's 54th consecutive year of dividend increases, with payments scheduled for December 1, 2026, to shareholders of record as of November 16, 2026. Middlesex Water Company is an investor-owned water and wastewater utility serving customers in New Jersey and Delaware.