Overview
U.S. water utility's Q4 operating revenue falls
Net income for 2025 decreased due to one-time recovery in 2024 and lower consumption
Company invested $96 mln in infrastructure during 2025, with further investments planned
Outlook
Middlesex plans $126 mln infrastructure investment in 2026
Company expects $506 mln infrastructure investment from 2026 to 2028
Result Drivers
RATE INCREASES - FY operating revenues increased due to rate hikes and customer growth, despite lower consumption from unfavorable weather
INFRASTRUCTURE INVESTMENTS - Co invested $96 mln in infrastructure in 2025, with plans for $126 mln in 2026
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
Slight Miss*
$46.98 mln
$47.01 mln (2 Analysts)
Q4 EPS
$0.46
Q4 Net Income
$8.61 mln
Q4 Operating Expenses
$35.77 mln
Q4 Operating Income
$11.21 mln
Q4 Pretax Profit
$9.43 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the water & related utilities peer group is "buy."
Wall Street's median 12-month price target for Middlesex Water Co is $52.00, about 3.8% below its February 18 closing price of $54.07
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nGNX2WytxH
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
