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) filed a petition with the New Jersey Board of Public Utilities for a rate increase of approximately $31 million to address the aging drinking water infrastructure and improve overall service quality. This request responds to significant investments made since the last rate filing in October 2017, including over $267 million under the Water For Tomorrow® program. If approved, the average residential customer would see a bill increase of around 67 cents per day.
Middlesex Water Company (NASDAQ:MSEX) reported a 2.4% increase in first-quarter revenues, totaling $32.5 million, driven by higher customer demand in New Jersey and Delaware.
However, net income declined by $0.8 million year-over-year, with diluted EPS at $0.39 versus $0.44 in 2020.
Operating expenses rose by $1.2 million due to labor and weather-related issues. The company plans to request rate increases in Q2 2021 to support ongoing investment projects, including water system improvements.
Middlesex Water Company (NASDAQ:MSEX) has announced a cash dividend of $0.2725 per share, payable on June 1, 2021, to shareholders on record as of May 14, 2021. This marks the company's consistent dividend payments since 1912 and 48 consecutive years of annual dividend increases. Additionally, the company will hold a virtual Annual Meeting of Shareholders on May 25, 2021, at 11:00 a.m. EDT, allowing shareholders to participate online while ensuring health safety due to COVID-19 concerns.
Middlesex Water Company (NASDAQ:MSEX) announced a $10.2 million investment to modernize drinking water infrastructure in Metuchen, NJ, beginning April 2021. This project, part of the RENEW 2021 initiative, will replace 24,800 linear feet of water mains, service lines, valves, and fire hydrants to enhance fire flows and service quality. The project is part of the larger Water for Tomorrow® Program, which allocates approximately $295 million for similar infrastructure projects through 2022. Completion is expected within 6-9 months, including necessary traffic management and service interruptions.
Middlesex Water Company (NASDAQ:MSEX) reported strong financial results for Q4 and the year ending December 31, 2020. Net income rose by 13.4% to $38.4 million, with diluted EPS up 8.5% to $2.18. Annual revenues increased by 5.2% to $141.6 million, driven by higher water consumption and new contracts. Operating expenses also grew by $2.8 million due to production and treatment costs. The company declared a quarterly dividend of $0.2725, maintaining its commitment to shareholders with a history of 48 consecutive annual increases.
Middlesex Water Company (NASDAQ:MSEX) declared a cash dividend of $0.2725 per share on January 28, 2021, payable on March 1, 2021, to shareholders of record as of February 12, 2021. This marks 48 consecutive years of increasing annual dividends, highlighting the company's commitment to returning value to its investors. Established in 1897, Middlesex Water provides regulated and unregulated water and wastewater services in New Jersey and Delaware and serves a population of nearly half a million people.
Middlesex Water Company (NASDAQ: MSEX) announced that its Vice President of Operations, Robert K. Fullagar, has been honored by the NJ Water Association for his leadership during the COVID-19 pandemic. Fullagar was recognized for his contributions to regulatory compliance, operational readiness, and workforce safety in water and wastewater utilities. The award was part of an effort to prepare the sector for uninterrupted services and develop Best Management Practices. Middlesex Water has been serving communities since 1897, focusing on quality utility services and community support.
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Middlesex Water Company has appointed Dr. Joshua Bershad to its Board of Directors, effective immediately. Dr. Bershad, currently Executive Vice President at RWJBarnabas Health and Chief Medical Officer at Rutgers Athletics, will stand for election as a Class III Director at the Annual Meeting on May 25, 2021. His rich experience in healthcare and executive roles is expected to enhance the company's governance. Middlesex Water, serving nearly half a million customers, is dedicated to providing essential water services and improving public health.
Middlesex Water Company (NASDAQ:MSEX) announced that its Chairman, President, and CEO, Dennis W. Doll, will present at the BofA Securities 2020 Virtual Water Conference on December 10, 2020. His presentation will cover the company’s financial performance, operational highlights, pandemic service delivery, and progress on its largest capital program ever. The event gathers water industry leaders, regulators, and investors to discuss sustainable infrastructure and regulations. The presentation will be available on the company's website following the event.
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