MIDDLESEX WATER CO MSEX 77.34
Utilities · NASDAQ · Data as of 2026-10-29
MIDDLESEX WATER CO (MSEX) has delivered +4.7% annualized revenue growth, +6.8% earnings growth, and +7.7% dividend growth over 10 years of data. Ranked #143 of 1968 stocks overall and #17 of 87 in the Utilities sector by Steady Score.
About MIDDLESEX WATER CO
Company Overview
Middlesex Water is a water and wastewater utility company serving communities in New Jersey and Delaware. Its regulated businesses collect, treat and distribute drinking water and provide wastewater services to residential, commercial, industrial and municipal customers. The company also operates water and wastewater systems under contract. It owns wells, treatment facilities, storage, pumping stations and distribution networks and invests in reliability, water quality and capacity.
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Business Model & Revenue
Revenue comes mainly from regulated customer rates approved by state utility commissions, supplemented by contracted operations. Customer growth, usage and authorized rate changes influence sales. Capital invested in mains, treatment and system improvements can enter rate base and earn an allowed return over time. Middlesex funds infrastructure with operating cash, debt and equity, making project execution and timely regulatory recovery important to cash flow.
Key Facts & Market Position
The company provides an essential service within focused territories and has operated for more than a century. New Jersey and Delaware offer distinct regulatory and growth profiles, while contract operations add nonutility revenue. Water availability, environmental standards, aging infrastructure, weather, customer affordability and commission decisions shape performance, and system acquisitions can provide incremental expansion.