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) has announced key leadership changes to its Board of Directors. Nadine Leslie, the company's current President and CEO, has been appointed as Chair of the Board, succeeding Dennis W. Doll who retired after a 20-year tenure. Additionally, Amy Mansue has been named Lead Independent Director to enhance governance oversight.
Leslie, who joined as President and CEO in March 2024, brings over 30 years of utility industry experience, including her previous role as CEO of SUEZ North America. Mansue, who has served on the MWC Board since 2010, is currently the President and CEO of Inspira Health and has demonstrated strong commitment to shareholder value.
Middlesex Water Company (NASDAQ: MSEX) reported first quarter 2025 financial results with diluted EPS of $0.53, down from $0.59 in Q1 2024. Net income was $9.5 million, compared to $10.7 million in the previous year. Operating revenue increased to $44.3 million, up $3.8 million year-over-year, driven by rate increases, higher consumption, and customer growth.
The company completed the acquisition of Ocean View water utility assets in Delaware for $4.6 million, adding approximately 900 customers. Middlesex invested $19 million in infrastructure improvements during Q1 2025 and plans to invest $93 million throughout 2025. The Board declared a quarterly dividend of $0.34 per share, marking 52 consecutive years of dividend increases.
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.
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