Welcome to our dedicated page for Middlesex Watr news (Ticker: MSEX), a resource for investors and traders seeking the latest updates and insights on Middlesex Watr stock.
Middlesex Water Company (NASDAQ: MSEX) is an investor-owned water and wastewater utility serving customers in New Jersey, Delaware and Pennsylvania. This news page aggregates company announcements, earnings releases and other updates that help investors and observers follow developments affecting MSEX stock and the company’s regulated and non-regulated operations.
Readers can find coverage of quarterly and year-to-date earnings results, including details on operating revenues, expenses and segment performance as reported in company press releases and related Form 8-K filings. Middlesex Water regularly reports on capital investment levels in its water and wastewater infrastructure, highlighting spending to upgrade, replace and enhance the resiliency of treatment facilities, distribution mains and related assets.
News items also include regulatory and rate case developments, such as petitions to the New Jersey Board of Public Utilities and the Delaware Public Service Commission for base rate changes and distribution system improvement charges. These updates provide context on how the company seeks to recover prudently incurred investments and support safe and reliable service.
Investors can track dividend declarations and increases, including information on the company’s long history of paying cash dividends and its multi-decade record of annual dividend growth. Additional coverage may feature participation in industry conferences, board and governance updates and selective acquisitions of water utility assets that align with the company’s selective and sustainable growth pillar.
For anyone monitoring MSEX news, this page offers a centralized view of the company’s financial disclosures, regulatory milestones, infrastructure initiatives and corporate actions, helping users understand how these events relate to Middlesex Water’s long-term strategy and utility operations.
Middlesex Water Company (NASDAQ:MSEX) reported its financial results for 2021, showing a slight increase in consolidated operating revenues to $143.1 million, up $1.5 million from 2020, driven by customer growth and increased demand. However, net income fell $1.9 million to $36.5 million, with earnings per share down to $2.07. Operating expenses rose to $73.7 million due to higher maintenance costs and labor, while depreciation increased to $21.1 million. The company declared a quarterly dividend of $0.29, marking its 49th consecutive year of dividend increases.
Middlesex Water Company (MSEX) is initiating a lead service line replacement program across New Jersey to enhance public health and reduce lead exposure. This plan, aimed to be completed by 2031, involves replacing lead and galvanized steel lines with copper service lines at no cost to property owners. Governor Phil Murphy's legislation requires all utilities to inventory and replace these lines. MWC has already submitted an inventory of known lead lines to the New Jersey Department of Environmental Protection (NJDEP) and will educate customers on self-reporting line materials.
Middlesex Water Company (NASDAQ:MSEX) announced a cash dividend of $0.29 per share on its common stock, payable on March 1, 2022, to shareholders of record by February 14, 2022. The company has consistently paid cash dividends since 1912, showcasing its commitment to rewarding shareholders. Additionally, Middlesex is offering a 3% discount on common stock purchases made under its Investment Plan until either 200,000 shares are purchased at the discounted price or August 1, 2022.
Middlesex Water Company announced the implementation of an interim plan to ensure water supply meets new PFOA standards by shutting down affected wells. This plan will source water from alternative facilities compliant with all drinking water standards. The company, in collaboration with state regulators, emphasizes ongoing monitoring to meet customer demand while the affected wells remain offline until treatment improvements at the new facility are completed in mid-2023. Customers will receive notifications regarding the status of the wells and the ongoing changes.
Middlesex Water Company (NASDAQ:MSEX) will present at the Bank of America Securities 2021 Virtual Water Conference on December 6, 2021, at 8:15 AM EST. CEO Dennis W. Doll will discuss financial performance, capital investments, and strategic initiatives. Investors can access the live audio presentation on Middlesex Water's website, where a replay will also be available. Established in 1897, Middlesex Water serves nearly 500,000 people across New Jersey and Delaware, focusing on high-quality water services and infrastructure investment.
Middlesex Water Company (NASDAQ:MSEX) announced a correction to its October 29, 2021 press release regarding its third-quarter financial results. The record date for the upcoming dividend has been corrected from November 13, 2021, to November 16, 2021. The dividend is payable on December 1, 2021. Middlesex Water, founded in 1897, provides essential water and wastewater services to nearly half a million residents in New Jersey and Delaware. The company focuses on investing in infrastructure and community services to ensure reliable utility services.
Middlesex Water Company (NASDAQ:MSEX) reported a decrease in earnings for Q3 2021, with diluted EPS at $0.65 compared to $0.72 in Q3 2020. Net income fell by $1.3 million to $11.5 million. Operating revenues remained stable at $39.9 million, influenced by customer growth in Delaware but offset by reduced demand in New Jersey. Expenses increased due to higher labor and treatment costs, with depreciation expenses also rising. The company declared a dividend of $0.29 per share, a 6.4% increase from the previous dividend.
Middlesex Water Company (NASDAQ:MSEX) has declared a cash dividend of $0.29 per share, reflecting a 6.4% increase from the previous dividend. This raises the annual dividend rate to $1.16 from $1.09. The dividend is set for payment on December 1, 2021, to shareholders recorded by November 16, 2021. This marks the 49th consecutive year of dividend increases for the company, which has been paying dividends since 1912.
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Middlesex Water Company has announced that CEO Dennis Doll will participate in a Virtual Water Utilities Conference on September 14, 2021, at 10:00 a.m. (ET). The event, hosted by Janney Montgomery Scott, will feature an update on company developments presented by Mr. Doll. Interested parties can access the live webcast and a subsequent replay on the Middlesex Water website or through the conference link. Established in 1897, Middlesex Water Company is a trusted provider of water and wastewater services, serving nearly half a million people across New Jersey and Delaware.