Short answer
MIDDLESEX WATER CO (MSEX) filed its Q1 2026 10-Q quarterly report on Apr 30, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $49M (up 10.0% year over year) with net income of $11M.
Q1 2026 key financials · XBRL
- Revenue
- $49M
- +10.0% YoY
- Net income
- $11M
- +11.9% YoY
- Operating margin
- 26.9%
- EPS (diluted)
- $0.57
- +7.5% YoY
Source: XBRL data from the MIDDLESEX WATER CO (MSEX) Q1 2026 10-Q on SEC EDGAR. USD.
MIDDLESEX WATER CO Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $48.7M, up $4.4M YoY from $44.3M, driven by Middlesex System growth
- Operating margin 26.9% vs 26.1% YoY; net income $10.6M vs $9.5M
- Regulated segment revenue $45.7M and operating income $12.5M; Non-Regulated operating income $0.6M
- Operating cash flow $11.7M, down $2.1M; investing outflows $20.6M and financing inflows $8.2M
- 2026 capital spending plan approximately $126M; PFAS settlements received $6.0M and refunded to customers
Risk Factors
- No risk-factors section provided; excerpt reports no material changes to Item 2–5 disclosures
- Financial risk: $100 million revolving line of credit amended February 17, 2026
- Regulatory risk: Pinelands Water Company and Pinelands Wastewater Company merger agreements filed as exhibits
- Equity-market risk: ATM equity offering sales agreement amended February 20, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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