Middlesex Water Company

Middlesex Water Company (NASDAQ: MSEX), established in 1897, is an investor-owned regulated water and wastewater utility serving more than half a million people in New Jersey and Delaware. It operates through the Middlesex System, regulated by the New Jersey Board of Public Utilities, which serves retail and wholesale customers. Its Tidewater System, through subsidiary Tidewater Utilities, Inc., is regulated by the Delaware Public Service Commission and grows through customer additions and small system acquisitions. The company also earns non-regulated revenue from contract operations and supplemental services. Its earnings depend mainly on rate base growth funded by infrastructure investment, with planned 2026 capital spending of about $126 million. It recovers costs through base rate cases and infrastructure surcharges such as the Distribution System Improvement Charge and the Resiliency and Environmental System Improvement Charge. The company has paid cash dividends each year since 1912 and has raised its dividend for 54 consecutive years. Its strategy is framed around the MWC 2030 Vision. Updated Oct 29, 2026