The beat was driven by non-recurring factors (weather, wholesale demand) and no guidance was provided. Monitor upcoming rate case filings and regulatory decisions for sustained earnings trajectory. The stock's historical post-earnings drift has been negative, suggesting caution on chasing the beat.
Price Chart
Executive Summary
Middlesex Water Company 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 increased wholesale demand, favorable weather, and rate increases. No forward guidance was provided.
Key Financial Metrics
Key Facts
- EPS $0.79 vs $0.60 YoY, consensus $0.70
- Revenue $56.4M vs $49.3M YoY, consensus $55.2M
- Net income $14.8M vs $10.8M YoY
- Declared Q3 dividend of $0.36 per share (53 consecutive years of increases)
- Invested $53M in infrastructure in H1 2026 (42% of planned $126M annual spend)
Financial Impact
EPS beat consensus by 12.9%; revenue beat by 2.1%
Risk Factors
- Weather-dependent demand may normalize
- Allowance for credit loss reserve increased, signaling potential collection issues
- Regulatory lag on infrastructure investment 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-3336448 |
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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