Middlesex Water Company experienced a slight decline in net income and diluted EPS in Q3 2025, reporting $14.0 million and $0.77 respectively, down from $14.3 million and $0.80 in Q3 2024. Operating revenues decreased by $1.0 million to $54.1 million, mainly due to lower consumption from unfavorable weather, while operating expenses also decreased by $1.2 million to $36.4 million. The company declared a quarterly cash dividend of $0.36 per common share, a 5.88% increase, and continued its infrastructure investment program.
Net income for Q3 2025 was $14.0 million, a decrease from $14.3 million in Q3 2024.
Diluted EPS for Q3 2025 was $0.77, down from $0.80 in Q3 2024.
Operating revenues for Q3 2025 were $54.1 million, a $1.0 million decrease from Q3 2024, primarily due to lower consumption.
The company declared a quarterly cash dividend of $0.36 per common share, marking its 53rd consecutive year of dividend increases.
Middlesex Water Company is focused on selective and sustainable growth, including strategic acquisitions and continued infrastructure investment, while navigating challenges from weather-driven consumption fluctuations.
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