MSEX

In the past six months (April 2026 - October 2026), Middlesex Water Co. reported increased operating revenue, net income, and diluted EPS for both its first-quarter 2026 (April 30, 2026) and second-quarter 2026 (July 30, 2026) earnings, driven by higher wholesale demand, increased customer consumption, and base rate adjustments. The company declared quarterly cash dividends of $0.36 per share on April 24, 2026, and July 23, 2026. In April 2026, Middlesex Water merged Pinelands Water Company and Pinelands Wastewater Company into its business and secured approval for a $14.5 million base rate increase in New Jersey, effective February 2026. In August 2026, its subsidiary, Tidewater Utilities, announced a second customer bill credit of approximately $0.5 million, utilizing proceeds from PFAS-related litigation, estimated at about $8.50 per customer. Despite positive company news, the stock has experienced fluctuations, showing a slight increase over the last week but declines over the last month and year, as the broader utilities sector has faced pressure from rising 10-year Treasury yields.