Middlesex Water Company filed its Form 10-Q for the quarterly period ended September 30, 2026, with the Securities and Exchange Commission on October 29, 2026, reporting third-quarter operating revenues of $60,205 thousand and net income of $18,028 thousand.

Key Highlights

  • Operating revenues reached $60,205 thousand for the three months ended September 30, 2026, compared with $54,091 thousand in the same period of 2025, according to the filing.
  • Net income for the third quarter was $18,028 thousand, up from $13,958 thousand in the third quarter of 2025.
  • Diluted earnings per share were $0.95 for the quarter and $2.31 for the nine months ended September 30, 2026, the filing reported.
  • Total assets stood at $1,457,636 thousand as of September 30, 2026, compared with $1,365,737 thousand at December 31, 2025.
  • Utility plant expenditures totaled $83,879 thousand for the nine months ended September 30, 2026, versus $71,642 thousand in the prior-year period.
  • Shares outstanding as of October 28, 2026, were 19,129,679 shares of common stock, no par value.

Middlesex Water's Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Middlesex Water Company (NASDAQ:MSEX) reported operating revenues of $60,205 thousand for the three months ended September 30, 2026, an increase from $54,091 thousand in the year-earlier quarter. Total operating expenses for the quarter were $37,938 thousand, resulting in operating income of $22,267 thousand, compared with operating income of $17,703 thousand in the third quarter of 2025. For the nine-month period, operating revenues were $165,276 thousand versus $147,715 thousand in the first nine months of 2025.

The filing disclosed that net income for the nine months ended September 30, 2026, was $43,403 thousand, compared with $34,217 thousand for the same period in 2025. Earnings applicable to common stock for the nine months were $43,354 thousand, with basic and diluted earnings per share each reported at $2.31, compared with $1.90 in the prior-year nine-month period. Income taxes for the nine-month period were $5,514 thousand, versus $4,001 thousand a year earlier.

On the balance sheet, the company reported total common equity of $547,617 thousand and long-term debt of $392,246 thousand as of September 30, 2026. Net cash provided by operating activities for the nine months was $51,013 thousand. The company disclosed proceeds from the issuance of common stock of $29,235 thousand and proceeds from the issuance of long-term debt of $26,723 thousand during the nine-month period. Construction work in progress was $72,439 thousand at September 30, 2026, up from $44,400 thousand at December 31, 2025, reflecting the company's ongoing capital investment activity as reported in the filing.

What Was Disclosed

Middlesex Water Company filed its quarterly report covering the period ended September 30, 2026, disclosing unaudited condensed consolidated financial statements including income, balance sheet, and cash flow data, along with capital stock and long-term debt schedules.