Middlesex Water quarterly net income rises to $18 million
Middlesex Water reported third-quarter net income of 18.0 million dollars on 29 October, compared with 14.0 million dollars a year earlier. Diluted earnings per share rose to 0.95 dollars from 0.77 dollars.
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Quarterly operating revenue reached 60.2 million dollars, up 6.1 million dollars. The company linked the increase to wholesale demand, customer consumption, customer growth and rate increases across its systems. Operating expenses were 37.9 million dollars, approximately 1.6 million dollars higher than a year earlier.
For the first nine months, net income was 43.4 million dollars and operating revenue was 165.3 million dollars. Middlesex invested approximately 84 million dollars in water and wastewater infrastructure during that period, about 67% of its planned annual investment of approximately 126 million dollars. The annual investment figure remains a plan, rather than spending already completed.
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Publication of the official announcement on 29 October 2026.
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Middlesex Water quarterly net income rises to $18 million
Middlesex Water reported third-quarter net income of 18.0 million dollars on 29 October, compared with 14.0 million dollars a year earlier. Diluted earnings per share rose to 0.95 dollars from 0.77 dollars.
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