Strong beat with no guidance update — watch for analyst estimate revisions and next quarter's demand trends. Historical pattern shows the stock tends to fade after positive reports (avg T+20 -3.6%), so consider taking profits on strength rather than adding.
Price Chart
Executive Summary
Middlesex Water reported Q2 2026 EPS of $0.79, beating consensus of $0.70 by 12.9%, and revenue of $56.4M, beating $55.2M by 2.1%. Net income rose 37% YoY to $14.8M, driven by higher wholesale demand, customer consumption, and rate increases. No forward guidance was provided, and the stock has historically faded after strong reports.
Key Financial Metrics
Key Facts
- Q2 2026 diluted EPS $0.79 vs $0.60 YoY (+31.7%)
- Q2 2026 revenue $56.4M vs $49.3M YoY (+14.3%)
- Net income $14.8M vs $10.8M YoY (+37.0%)
- EPS beat consensus $0.70 by 12.9%; revenue beat $55.2M by 2.1%
- Invested $53M in infrastructure during H1 2026 (42% of $126M annual plan)
- Declared Q3 cash dividend of $0.36 per share (53rd consecutive annual increase)
Financial Impact
EPS beat consensus by 12.9%, revenue beat by 2.1%; operating income grew 31% YoY to $18.2M
Risk Factors
- No forward guidance provided, limiting visibility into H2 2026
- Interest charges rose 10.8% YoY to $4.0M, pressuring margins
- Operations & maintenance expenses increased 10.1% YoY, partly due to credit loss reserve build
- Historical performance on MSEX earnings reports shows negative T+20 drift despite positive results
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-051031 |
| Document: msex-20260730.htm | 0001628280-26-051031 |
| Document: 0001628280-26-051031-index-headers.html | 0001628280-26-051031 |
| Document: 0001628280-26-051031-index.html | 0001628280-26-051031 |
| Document: 0001628280-26-051031.txt | 0001628280-26-051031 |
| 8-K Data (Synthetic) | 0001628280-26-051031 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | Press Release | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.45 (−6.72%) |
Jul 30, 2026 9w ago | 8-K | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.45 (−6.72%) |
Apr 30, 2026 22w ago | Press Release | $50.58 $51.78 | ▼ −2.38% | ▲ +2.89% | $53.45 (−5.68%) |
Apr 24, 2026 22w ago | Press Release | $53.18 $52.08 | ▼ −2.07% | ▼ −7.02% | $53.45 (+0.51%) |
Apr 16, 2026 24w ago | Press Release | $51.31 $51.92 | ▲ +1.19% | ▼ −4.18% | $53.45 (+4.17%) |
Mar 26, 2026 27w ago | Press Release | $51.80 $53.18 | ▲ +2.66% | ▼ −10.08% | $53.45 (+3.19%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
US Market Status
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