The strong beat and raised dividend signal continued operational momentum and regulatory execution. Watch for NJBPU decisions on the $2.5M rate petitions and the pace of infrastructure spending toward the $126M annual target.
Price Chart
Executive Summary
Middlesex Water reported Q3 2026 diluted EPS of $0.95 on revenue of $60.2M, beating consensus estimates of $0.86 and $59.9M. Revenue grew 11.3% YoY driven by increased wholesale demand, customer consumption, and rate increases. The company also announced a 5.56% dividend increase to $0.38 per share, marking the 54th consecutive year of dividend increases.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $0.95 vs $0.77 in Q3 2025, a 23.4% increase
- Q3 2026 operating revenues of $60.2M, up $6.1M (11.3%) YoY
- EPS beat consensus of $0.86 by 10.5%
- Revenue beat consensus of $59.9M
- Dividend increased 5.56% to $0.38 per share, annual rate to $1.52
- 54th consecutive year of dividend increases
- Invested $84M in infrastructure during nine months ended Sep 30, 2026 (67% of planned $126M annual investment)
- Filed rate petitions with NJBPU requesting $2.5M in additional annual revenues
- Delaware PSC approved Tidewater acquisition of Mount Pleasant water assets for $25K
Financial Impact
EPS beat consensus by $0.09 (10.5%), revenue beat by $0.3M; dividend increase adds $0.08 per share annually
Segment Breakdown
| Segment |
|---|
| Middlesex System |
| Tidewater System |
| Non-regulated |
Risk Factors
- Regulatory lag or unfavorable rate decisions from NJBPU could pressure margins
- Higher operating expenses (up $1.6M or 4.4% YoY) from variable production costs and employee costs may persist
- Interest charges flat at $4.2M but could rise with future debt-funded capex
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3391820 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | 8-K | $55.86 | awaiting T+60 | awaiting T+60 | $56.79 (+1.66%) |
Oct 23, 2026 9d ago | Press Release | $56.19 | awaiting T+60 | awaiting T+60 | $56.79 (+1.07%) |
Oct 15, 2026 17d ago | Press Release | $54.59 | awaiting T+60 | awaiting T+60 | $56.79 (+4.03%) |
Jul 30, 2026 13w ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
Jul 30, 2026 13w ago | 8-K | $57.30 $56.19 | ▼ −1.94% | ▼ −4.39% | $56.79 (−0.89%) |
Apr 30, 2026 26w ago | Press Release | $50.58 $56.90 | ▲ +12.50% | ▲ +11.02% | $56.79 (+12.28%) |
Apr 24, 2026 27w ago | Press Release | $53.18 $56.58 | ▲ +6.39% | ▲ +1.62% | $56.79 (+6.79%) |
Apr 16, 2026 28w ago | Press Release | $51.31 $55.37 | ▲ +7.91% | ▲ +1.77% | $56.79 (+10.68%) |
Mar 26, 2026 31w ago | Press Release | $51.80 $53.73 | ▲ +3.73% | ▼ −12.34% | $56.79 (+9.63%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers