MIDDLESEX WATER CO (MSEX) Form 10-Q — Oct 29, 2026
Middlesex Water Company reported Q3 2026 diluted EPS of $0.95, up 23% from $0.77 a year ago, on revenue of $60.2 million versus $54.1 million. Net income for the quarter rose to $18.0 million from $14.0 million. The earnings strength was driven by the NJBPU-approved $14.5 million base rate increase effective February 23, 2026, higher wholesale demand and customer growth, partially offset by higher O&M costs and interest expense. Nine-month EPS rose to $2.31 from $1.90.
Key figures
- Eps
- 0.95
- Revenue
- 165276000
- Net Income
- 43403000
- Revenue Yoy
- +$17.6 million (nine months)
- Total Assets
- 0
- Cash Position
- 1698000
- Shares Outstanding
- 19129679
- Capex 9m
- $83.9 million
- Q3 revenue
- $60.2 million (vs $54.1 million)
- Q3 net income
- $18.0 million (vs $14.0 million)
- Authorized roe
- 9.6%
- Capital plan 2026
- $126 million
- Q3 operating income
- $22.3 million (vs $17.7 million)
- Atm remaining capacity
- $51.0 million
- Operating cash flow 9m
- $51.0 million
- Njbpu base rate increase
- $14.5 million
- Capital program 2026 2028
- $506 million
AI analysis
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