Middlesex Watr Stock Price, News & Analysis

Middlesex Water Company (NASDAQ: MSEX) has announced a quarterly cash dividend declaration. The Board of Directors has approved a dividend of $0.34 per share on its common stock. The dividend will be paid on June 2, 2025, to shareholders who are recorded as stockholders as of May 15, 2025.

Middlesex Water Company (NASDAQ: MSEX) has announced it will release its first quarter 2025 financial results on May 1, 2025, after market close. The earnings report and Form 10-Q will be accessible through the Investors section of the company's website.

Middlesex Water Company (NASDAQ: MSEX) announced that its subsidiary, Tidewater Utilities (TUI), has completed the acquisition of Ocean View water system assets in Sussex County, Delaware for $4.6 million. The acquisition includes a water system serving approximately 900 customers, who have been receiving water supply from TUI since 2008.

TUI has been managing water distribution, meter reading, customer billing, and operational services through its subsidiary, White Marsh Environmental Systems. The Delaware Public Service Commission approved the acquisition on February 19, 2025. The deal ensures rate equity for Ocean View residents, as TUI will maintain existing water rates during the transition period.

Middlesex Water Company (NASDAQ: MSEX) reported strong financial results for 2024, with net income reaching $44.4 million and diluted EPS of $2.47, up from $31.5 million and $1.76 EPS in 2023. Revenues increased to $191.9 million, a $25.6 million rise from 2023.

The company invested $75 million in infrastructure improvements during 2024 and plans to invest $387 million from 2025 through 2027, including $105 million for PFAS treatment installation. Key growth drivers included base rate increases, weather-driven customer demand, and operational improvements across all utility systems.

The company announced the acquisition of Ocean View water utility assets in Delaware for $4.6 million, adding approximately 900 customers. Additionally, Middlesex declared a quarterly dividend of $0.34 per share, marking its 52nd consecutive year of dividend increases.

Middlesex Water Company (NASDAQ: MSEX) has appointed Brian Hague as its new Vice President of Communications and Corporate Affairs. Hague brings over 20 years of communications experience from both public and private sectors, having previously served as Director of Government Affairs and Communications for American Dream in northern New Jersey.

In his new role, Hague will be responsible for internal and external communications, crisis management, government affairs, and community outreach. The appointment aims to strengthen relationships with elected officials and community stakeholders while enhancing the company's brand, according to President and CEO Nadine Leslie.

Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, has announced it will release its fourth quarter and full-year 2024 financial results on February 28, 2025, after market close. The company will make both the earnings press release and SEC Form 10-K filing available in the Investors section of their website.

The company operates primarily in New Jersey and Delaware through various subsidiary companies, offering both regulated and unregulated water and wastewater utility services. Information about the company's Investment Plan can be accessed through their website's Investors section and shareholder portal.

Middlesex Water Company (NASDAQ: MSEX) has announced its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock. The dividend will be payable on March 3, 2025, to shareholders of record as of February 18, 2025.

The company operates as a regulated and unregulated water and wastewater utility services provider, primarily serving New Jersey and Delaware through various subsidiary companies.

Middlesex Water Company (Nasdaq:MSEX) announced the retirement of G. Christian Andreasen, Jr., Vice President of Enterprise Engineering, effective January 31, 2025, after 42 years with the company. Andreasen, who joined in 1982, played a important role in the company's expansion in New Jersey and Delaware, overseeing major capital improvements including the ozone treatment plant upgrade, transmission main projects, and the Park Avenue plant upgrade. As Vice President of Enterprise Engineering since 2019, he was responsible for engineering services, asset management, and capital improvement activities.

Middlesex Water Company (Nasdaq:MSEX) has appointed Gregory Sorensen as Vice President and Chief Operating Officer, effective December 16, 2024. Sorensen, formerly President of West Region at Liberty Utilities, brings extensive utility experience managing operations across the U.S. and Chile. In his previous role, he led 800 professionals serving 440,000 customers with regulated utility revenue exceeding $400 million. In his new position, Sorensen will oversee operational performance, engineering functions, capital program planning, water and wastewater operations, safety, environmental compliance, and sustainability initiatives.