Middlesex Water Company Reports Third Quarter 2026 Earnings
Middlesex Water reported Q3 2026 net income of $18.0 million and diluted EPS of $0.95, up from $14.0 million and $0.77 a year earlier, on operating revenues of $60.2 million (up $6.1 million YoY). Growth was driven by increased wholesale demand, higher customer consumption, and base rate increases in both the Middlesex and Tidewater systems. The board declared a Q4 dividend of $0.38 per share, a 5.56% increase that lifts the annual rate to $1.52 and marks the 54th consecutive year of dividend increases.
Key figures
- Eps
- 0.95
- Revenue
- 60205000
- Revenue Yoy
- 11.3%
- Capex ytd
- 84000000
- Dividend q4
- 0.38
- Revenue ytd
- 165276000
- Net income q3
- 18028000
- Net income ytd
- 43403000
- Planned 2026 capex
- 126000000
- Operating income q3
- 22267000
- Annual dividend rate
- 1.52
- Dividend increase pct
- 5.56%
AI analysis
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