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Middlesex Water/$MSEX

1D1W1M3M6MYTD1Y5YMAX

About Middlesex Water

Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
Ticker
$MSEX
Sector
Utilities
Primary listing
NASDAQ
Employees
395
Headquarters
Iselin, United States
Website
www.middlesexwater.com

Middlesex Water Metrics

BasicAdvanced
$1B
20.81
$2.59
0.73
$1.44
2.67%

What the Analysts think about Middlesex Water

Analyst ratings (Buy, Hold, Sell) for Middlesex Water stock.
Analyst projections of the future price of Middlesex Water stock.

Bulls say / Bears say

Middlesex reported strong momentum in the first half of 2026: revenue rose to $105.1 million and net income increased 25% year on year to $25.4 million. The improvement came from rate increases, higher wholesale demand, customer growth and consumption. (Middlesex Water Company)
Regulatory support is improving the visibility of future earnings. New Jersey approved $14.5 million of annual base-rate increases from February 2026, while DSIC and RESIC mechanisms allow recovery of qualifying distribution, resilience and environmental investment without waiting for a full rate case. (Middlesex Water Company, StockTitan)
The company has a visible infrastructure-led growth pipeline. It invested $53 million in the first half of 2026 and plans about $506 million across 2026–2028, including treatment and water-main upgrades that can strengthen reliability and expand the regulated rate base. (Middlesex Water Company, Quartr)
The infrastructure plan is capital intensive and will not be funded by operating cash alone. Middlesex is using debt, expanded credit facilities and ATM share issuance, creating exposure to higher interest costs and dilution for existing shareholders. (StockTitan, Middlesex Water Company)
PFAS compliance could absorb a substantial share of the investment programme, while settlement proceeds may be returned to customers rather than retained by investors. The company has outlined major PFAS treatment spending and Tidewater announced another customer bill credit funded by PFAS litigation proceeds. (Quartr, StockTitan)
Recent earnings are partly exposed to weather and water demand, rather than being entirely structural. Management linked the latest quarter’s strength partly to favourable weather and wholesale demand, while the company said unfavourable weather reduced consumption and earnings in 2025. (Middlesex Water Company, Middlesex Water Company)
Data summarised monthly by Lightyear AI. Last updated on 24 Sept 2026.

Middlesex Water Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Middlesex Water Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Middlesex Water

AllUSDEURGBP
Funds
Fund name
Fund size
$MSEX weighting
L&G Clean Water$GLUG
$772M1.72%
L&G Clean Water£GLGG
$772M1.72%
iShares Global Water€IQQQ
€1.8B0.68%
iShares Global Water£IH2O
£1.6B0.68%
iShares S&P SmallCap 600$IDP6
$3.2B0.06%
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