Middlesex Water Company (MSEX)
NASDAQUtilitiesRegulated WaterSnapshot 2026-09-04
$58.26-0.38%
Close 2026-09-04 · 1-day change
NASDAQUtilitiesRegulated WaterSnapshot 2026-09-04
QuarterlyIQ Insights · MSEX
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 100% of the last 1 guided quarters · 27.8% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue investing approximately $126 million in water and wastewater utility infrastructure upgrades and resiliency in 2026.
Stated as a priority in 2 of last 2 quarters. Middlesex invested $21 million in 2026-Q1 and $53 million in 2026-Q2, totaling $74 million or about 59% of the planned $126 million annual investment. The trajectory shows delivering on the planned capital allocation for 2026.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated strong grew net income 70% of the time over the next year (vs 63% for the rest of the cohort, n=1106).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Invested $53 million in water and wastewater utility infrastructure during the first half of 2026, or approximately 42% of its planned 2026 annual investment of $126 million.”
“Invested $21 million during the three months ended March 31, 2026, or approximately 17% of its planned 2026 annual investment of $126 million.”
Execute a planned $506 million investment in utility infrastructure from 2026 through 2028, including PFAS treatment upgrades.
Stated as a priority in 2 of last 2 quarters. The $506 million infrastructure investment plan for 2026-2028 remains consistent across disclosures. No financials yet reflect spending beyond 2026, so progress is limited but the plan is maintained.
“Utility infrastructure investment of $506 million planned from 2026 through 2028.”
“Utility infrastructure investment of $506 million planned from 2026 through 2028.”
Continue paying and increasing cash dividends, with a declared $0.36 per common share quarterly dividend.
Stated as a priority in 3 of last 3 quarters. Middlesex declared consistent $0.36 quarterly dividends from 2025-Q4 through 2026-Q2, maintaining a 53-year streak of annual dividend increases. The trajectory is delivering stable dividend payments.
“Declared $0.36 common stock cash dividend for third quarter 2026.”
“Declared $0.36 common stock cash dividend for second quarter 2026.”
“Declared a fourth quarter cash dividend of $0.36 per common share.”
Drive growth through increased wholesale customer demand, customer consumption, and base rate increases in Middlesex and Tidewater Systems.
Stated as a priority in 2 of last 2 quarters. Operating revenues increased from $48.7 million in 2026-Q1 to $56.4 million in 2026-Q2, driven by increased wholesale demand, customer consumption, and base rate increases. The trajectory is delivering revenue growth aligned with stated growth priorities.
“Operating revenues increased $7.0 million due to increased wholesale demand, customer consumption and base rate increases.”
“Operating revenues increased $4.4 million due to increased wholesale demand, customer consumption and base rate increases.”
Over the trailing year it converted 1.23x of net income into operating cash flow. Historically, Utilities names rated fragile grew net income 55% of the time over the next year (vs 70% for the rest of the cohort, n=929).
Most sensitive to long-term interest rates.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, the broad stock market, Fed net liquidity (low R² over the window).
8 material management or governance events in the past 24 months, led by executive changes. Historically, Utilities names rated stable grew net income 60% of the time over the next year (vs 69% for the rest of the cohort, n=176).
Not investment advice. As of 2026-09-04.