Middlesex Water Company reported third quarter 2025 diluted earnings per share of $0.77, compared to $0.80 for the same quarter in 2024. Net income for the quarter was $14.0 million, down from $14.3 million in the prior year period. Sales for the quarter ended September 30, 2025, were $54.1 million, a decrease from $55.1 million in the third quarter of 2024. Operating expenses for the quarter were $36.4 million, compared to $37.6 million in the same period last year. For the nine months ended September 30, 2025, net income was $34.2 million, down $1.3 million from the same period in 2024. Diluted earnings per share for the nine-month period were $1.90, compared to $1.98 for the same period in 2024. The company invested $72.0 million in water and wastewater utility infrastructure in the first nine months of 2025, representing 77% of its annual capital budget of $93.0 million. Middlesex Water Company also executed an asset purchase agreement to acquire the Pinewood Acres water utility assets in Delaware and declared a $0.36 common stock cash dividend, a 5.9% increase.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Middlesex Water Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-047818), on October 31, 2025, and is solely responsible for the information contained therein.
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