Capital ExpenditureThe company's long-term growth estimates for capital investment are ahead of previous estimates, providing increased visibility into future growth.
Regulatory DevelopmentsThe settlement of the Tidewater rate case in Delaware is viewed constructively, allowing for a notable revenue increase.
ValuationMiddlesex Water is trading near its lowest NTM P/E level in the last decade, representing a ~30% discount to its five-year average, making its valuation particularly attractive.