Middlesex Water Company reported diluted earnings per share of $2.36 for 2025, representing a decline from $2.47 in the prior year, while net income totaled $42.8 million. The company's results reflect ongoing capital investments in water system infrastructure and treatment upgrades across its service territories.
The New Jersey Board of Public Utilities approved an annual rate increase of $14.5 million for the company, establishing a 9.6% authorized return on equity. This regulatory decision supports Middlesex Water's substantial capital allocation strategy, which included $96 million in infrastructure expenditures during 2025. Looking ahead, the company plans to deploy $506 million in investments through 2028, with $255 million specifically designated for PFAS (per- and polyfluoroalkyl substances) treatment infrastructure.
In additional corporate actions, Middlesex Water declared a quarterly dividend of $0.36 per share and completed the acquisition of Pinewood Acres water utility assets in Delaware, further expanding its operational footprint in the Mid-Atlantic region.