Middlesex Water Company (MSEX)
NASDAQUtilitiesRegulated WaterSnapshot 2026-11-05
$59.50+0.51%
Close 2026-11-05 · 1-day change
NASDAQUtilitiesRegulated WaterSnapshot 2026-11-05
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.
Selective and Sustainable Growth Middlesex invested approximately $84 million to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure during the nine months…
Stated in 4 of 4 supplied quarters. Management reported: “Selective and Sustainable Growth Middlesex invested approximately $84 million to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure during the nine months ended September 30, 2026 , or approximately 67% of its planned 2026 annual investment of approximately $126 million.” “From 2026 through 2028, the Company expects to invest $506 million in infrastructure investments, which includes approximately $255 million to install treatment for PFAS at our Carl J.”
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 3 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated strong grew net income 68% of the time over the next year (vs 62% for the rest of the cohort, n=1127).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Selective and Sustainable Growth Middlesex invested approximately $84 million to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure during the nine months…”
“Selective and Sustainable Growth Middlesex invested approximately $53 million to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure during the six months e…”
“Selective and Sustainable Growth Middlesex invested approximately $21 million to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure during the three months…”
“In 2026, the Company plans to invest approximately $126 million in infrastructure investments, including our RENEW program to replace water mains in our Middlesex System, installation of hydrants and…”
Dividend Declared, 5.56% Increase Announced On October 23, 2026, the Company’s Board of Directors declared a fourth quarter cash dividend of $0.38 per common share, a 5.56% increase from the $0.36 pe…
Stated in 4 of 4 supplied quarters. Management reported: “Dividend Declared, 5.56% Increase Announced On October 23, 2026, the Company’s Board of Directors declared a fourth quarter cash dividend of $0.38 per common share, a 5.56% increase from the $0.36 per share dividend last declared in July 2026.” “This increase raises the annual dividend rate to $1.52 from $1.44 per share of common stock and marks Middlesex's 54th consecutive year of dividend increases.”
“Dividend Declared, 5.56% Increase Announced On October 23, 2026, the Company’s Board of Directors declared a fourth quarter cash dividend of $0.38 per common share, a 5.56% increase from the $0.36 pe…”
“Dividend Declared As previously announced on July 23, 2026, the Company’s Board of Directors declared a third quarter cash dividend of $0.36 per common share.”
“As previously announced on April 24, 2026, the Company’s Board of Directors declared a second quarter cash dividend of $0.36 per common share.”
“Dividend Declared On January 27, 2026, the Company’s Board of Directors declared a first quarter cash dividend of $0.36 per common share.”
In October 2026, the Delaware Public Service Commission approved the joint application by Tidewater Utilities, Inc. ("Tidewater") and Mount Pleasant MHP, LLC ("Mount Pleasant") for Tidewater to purch…
Stated in 4 of 4 supplied quarters. Management reported: “In October 2026, the Delaware Public Service Commission approved the joint application by Tidewater Utilities, Inc. ("Tidewater") and Mount Pleasant MHP, LLC ("Mount Pleasant") for Tidewater to purchase the water utility assets of Mount Pleasant for $25 thousand.” “In January 2026, Tidewater Utilities, Inc., a wholly owned subsidiary of Middlesex, completed the acquisition of the water utility assets of the Pinewood Acres' water utility assets, as approved by the Delaware Public Service Commission, for $0.2 million.”
“In October 2026, the Delaware Public Service Commission approved the joint application by Tidewater Utilities, Inc. ("Tidewater") and Mount Pleasant MHP, LLC ("Mount Pleasant") for Tidewater to purch…”
“In addition, we continue to invest in critical infrastructure to increase long-term reliability, growth, and value for our customers and shareholders under our MWC 2030 Vision."”
““We remain focused on delivering reliable service, investing strategically for long-term growth, and advancing our MWC 2030 Vision.”
“In January 2026, Tidewater Utilities, Inc., a wholly owned subsidiary of Middlesex, completed the acquisition of the water utility assets of the Pinewood Acres' water utility assets, as approved by t…”
Focus operations and infrastructure work on reliable water and wastewater service and stronger system reliability.
Continue investing approximately $126 million in water and wastewater utility infrastructure upgrades and resiliency in 2026.
Over the trailing year it converted 1.23x of net income into operating cash flow. Historically, Utilities names rated fragile grew net income 56% of the time over the next year (vs 68% 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, the broad stock market, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
6 material management or governance events in the past 24 months, led by executive changes. Historically, Utilities names rated stable grew net income 69% of the time over the next year (vs 63% for the rest of the cohort, n=1018).
Not investment advice. As of 2026-11-05.