Middlesex Water ( (MSEX) ) has released its Q2 earnings. Here is a breakdown of the information Middlesex Water presented to its investors.
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Middlesex Water Company is a leading investor-owned utility providing water and wastewater services to over half a million residents in New Jersey and Delaware, focusing on operational excellence and sustainable growth.
In its second quarter of 2025 earnings report, Middlesex Water Company reported a slight increase in net income and earnings per share compared to the previous year, alongside significant investments in infrastructure.
Key financial highlights include a net income of $10.8 million and diluted earnings per share of $0.60, with operating revenues reaching $49.3 million. The company invested $51 million in infrastructure improvements, representing 55% of its annual capital budget, and achieved a favorable outcome in its Delaware rate case, supporting its growth strategy.
Operating expenses rose due to higher production costs and labor expenses, while year-to-date net income saw a decrease from the previous year due to one-time recoveries in 2024. However, revenue growth was supported by rate increases and customer expansion.
Looking ahead, Middlesex Water Company remains committed to enhancing its infrastructure and maintaining reliable services, with management optimistic about continued growth and investment opportunities in the regulated utility sector.