Middlesex Water Co. Reports 2025 Earnings
Middlesex Water Co. (NYSE: MWK), a New Jersey‑and‑Delaware water utility, released its 2025 earnings on February 19, 2026. The company reported a GAAP earnings‑per‑share (EPS) of $0.46 and total revenue of $46.98 million. The earnings figure fell short of consensus estimates, as noted by several market‑watch outlets.
Financial Highlights
| Metric | 2025 |
|---|---|
| GAAP EPS | $0.46 |
| Revenue | $46.98 million |
| Market cap (as of 2026‑02‑19) | $1.004 billion |
| Stock price (2026‑02‑19 close) | $54.13 |
| 52‑week high | $67.09 |
| 52‑week low | $44.17 |
| Price‑to‑earnings ratio | 22.57 |
The company’s revenue was slightly lower than analysts’ projections, and the reported EPS did not meet expectations, prompting a modest decline in share price in the days following the announcement.
Operational Context
Middlesex Water Co. supplies treated, stored, and distributed water to residential, commercial, industrial, and fire‑prevention customers in New Jersey and Delaware. It also provides contract water and wastewater management services to municipalities in New Jersey. The utility’s operations are governed by regulatory oversight typical of the water‑utility sector.
Market Reaction
Following the earnings release, the stock traded below its 52‑week low of $44.17 on some exchanges, reflecting investor concern over the company’s performance relative to expectations. The price‑to‑earnings ratio of 22.57 indicates that the market values the company at roughly 23 times its annual earnings.
Broader Context
The news is part of a broader set of reports covering real‑estate activity and infrastructure developments in New Jersey, including high‑value home sales and new storage‑facility projects in Middlesex County. While these local developments are unrelated to the utility’s financial results, they underscore the region’s ongoing economic activity.
Summary
Middlesex Water Co.’s 2025 earnings fell short of analyst expectations, with a GAAP EPS of $0.46 and revenue of $46.98 million. The company’s market capitalization remains just above $1 billion, and its stock price has hovered within a narrow range since the announcement. Investors will likely watch the company’s next quarterly update for signs of improvement in revenue growth and profitability.
