MIDDLESEX WATER CO (MSEX) Latest Filing Signal

Based on earningsVibe SuperAnalyst™ synthesis of the latest 10-K, MIDDLESEX WATER CO's filing signal continuing positive.

Middlesex Water Company operates as a regulated water and wastewater utility primarily serving approximately 131,000 customers across New Jersey and Delaware. The company's core operations are divided into two segments: Regulated, which generates over 93% of revenue, and Non-Regulated, which provides contract services. The Middlesex System in New Jersey, its largest operation, accounts for about 67% of consolidated operating revenues, treating and distributing water to over 61,000 retail customers and providing wholesale services to several municipalities. The Tidewater System in Delaware serves approximately 65,000 retail customers across three counties. The company also operates wastewater systems and provides contract services through subsidiaries like USA-PA and USA.

Revenue is primarily driven by regulated tariff-based water and wastewater utility services provided to residential, commercial, industrial, and wholesale customers. Additional revenue is generated from non-regulated operation and maintenance contracts for water and wastewater systems owned by others.