The EPS and revenue misses extend a pattern of negative surprises (four consecutive quarters below consensus). Monitor the May 19 annual meeting for any guidance updates or regulatory developments; the stock may face continued pressure given the 17% win rate on prior neutral calls.
Price Chart
Executive Summary
Middlesex Water Company reported Q1 2026 EPS of $0.57, beating consensus of $0.59 by -3.4% (a miss), while revenue of $48.7M came in below the $49.7M estimate. Net income rose 11.9% YoY to $10.6M, driven by rate increases and higher consumption, but the EPS miss and revenue shortfall against consensus are likely to weigh on the stock given the company's history of negative earnings surprises.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $0.57 vs consensus $0.59 (miss of -3.4%)
- Q1 2026 revenue of $48.7M vs consensus $49.7M (miss of -2.0%)
- Net income rose to $10.6M from $9.5M YoY, up 11.9%
- Operating revenues increased $4.4M YoY to $48.7M, driven by rate increases and higher consumption
- Invested $21M in infrastructure during Q1, 17% of planned $126M annual capex
- Declared Q2 dividend of $0.36 per share, paid since 1912 with 53 consecutive years of increases
Financial Impact
EPS miss of $0.02 (-3.4%) and revenue miss of $1.0M (-2.0%) against consensus
Risk Factors
- Continued earnings misses could erode investor confidence
- Higher operating expenses (+8.9% YoY) may pressure margins if revenue growth slows
- Regulatory lag in rate case outcomes could delay revenue recovery
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3285566 |
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% | $53.56 (−6.53%) |
Jul 30, 2026 9w ago | 8-K | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.56 (−6.53%) |
Apr 30, 2026 22w ago | Press Release | $50.58 $51.78 | ▼ −2.38% | ▲ +2.89% | $53.56 (−5.90%) |
Apr 24, 2026 23w ago | Press Release | $53.18 $52.08 | ▼ −2.07% | ▼ −7.02% | $53.56 (+0.71%) |
Apr 16, 2026 24w ago | Press Release | $51.31 $51.92 | ▲ +1.19% | ▼ −4.18% | $53.56 (+4.39%) |
Mar 26, 2026 27w ago | Press Release | $51.80 $53.18 | ▲ +2.66% | ▼ −10.08% | $53.56 (+3.40%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
US Market Status
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