Earnings summaries and quarterly performance for MIDDLESEX WATER.
Executive leadership at MIDDLESEX WATER.
Nadine Leslie
Detailed
President and Chief Executive Officer
CEO
GS
Georgia Simpson
Detailed
Vice President - Information Technology and Chief Technology Officer
GS
Gregory Sorensen
Detailed
Chief Operating Officer
JK
Jay Kooper
Detailed
Vice President, General Counsel and Secretary
MZ
Mohammed Zerhouni
Detailed
Senior Vice President, Chief Financial Officer and Treasurer
RF
Robert Fullagar
Detailed
President, New Jersey Operations
Board of directors at MIDDLESEX WATER.
AM
Amy Mansue
Detailed
Director
AN
Ann Noble
Detailed
Director
DD
Dennis Doll
Detailed
Chairman of the Board
JC
James Cosgrove
Detailed
Director
JB
Joshua Bershad
Detailed
Director
KH
Kim Hanemann
Detailed
Director
SK
Steven Klein
Detailed
Director
VM
Vaughn McKoy
Detailed
Director
WR
Walter Reinhard
Detailed
Lead Independent Director
Research analysts covering MIDDLESEX WATER.
Recent press releases and 8-K filings for MSEX.
Middlesex Water Company Reports Third Quarter 2025 Earnings
MSEX
Earnings
Dividends
M&A
- Middlesex Water Company reported diluted earnings per share of $0.77 and net income of $14.0 million for the third quarter ended September 30, 2025.
- Operating revenues for the third quarter of 2025 were $54.1 million, a $1.0 million decrease compared to the same quarter last year, primarily due to lower consumption.
- For the nine months ended September 30, 2025, the company invested approximately $72 million in utility infrastructure, representing 77% of its 2025 capital budget.
- The Board of Directors declared a $0.36 per common share cash dividend, an increase of 5.88%, marking its 53rd consecutive year of dividend increases.
- Middlesex executed an asset purchase agreement to acquire Pinewood Acres water utility assets in Delaware and filed a Distribution System Improvement Charge (DSIC) rate application expected to generate $0.9 million in annual revenues.
Oct 31, 2025, 8:12 PM
Middlesex Water Company Discusses Strategic Vision, Regulatory Outlook, and Capital Plans
MSEX
M&A
New Projects/Investments
- Middlesex Water Company (MSEX) is guided by its MWC 2030 five-year strategy, which includes a pillar for selective and sustainable growth through tuck-in acquisitions and "operate-to-own" opportunities within its geographic footprint (NJ, DE, MD, PA).
- The company anticipates timely decisions on its New Jersey rate case, DISC, and RESIC filings. A Delaware rate case was recently settled, with the next filing expected within two to three years, and a DISC filing is planned for later this year in Delaware.
- MSEX's CapEx profile has dramatically increased for the next three years and is projected to remain elevated past 2027 due to compliance with resiliency and environmental regulations (e.g., LCR, emerging pollutants like PFAS) and necessary infrastructure replacement.
- To support its capital program and growth, MSEX has a strong financial plan, including the launch of a $110 million at-the-market (ATM) program for equity issuance.
Sep 17, 2025, 12:00 PM
Middlesex Water Company Discusses MWC 2030 Strategy, Capital Investments, and Growth Initiatives
MSEX
New Projects/Investments
M&A
- Middlesex Water Company (MSEX) launched its MWC 2030 five-year strategic plan, emphasizing selective and sustainable growth through tuck-in acquisitions within its geographic footprint (New Jersey, Delaware, and adjoining states) and "operate to own" opportunities.
- The company anticipates elevated capital investment beyond 2027 to comply with resiliency and environmental regulations, new laws, emerging pollutants like PFAS, and to address aging infrastructure. Management expects timely regulatory decisions on its New Jersey rate case, DISC, and RESIC filings, and plans to file another Delaware rate case within two to three years.
- MSEX is well-positioned to manage energy market changes with fixed-cost power contracts through early 2027. To support its capital program, the company has a strong financial plan, including a recently launched $110 million ATM program for equity issuance.
Sep 17, 2025, 12:00 PM
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