Middlesex Water Company

Middlesex Water Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, May 8, 2024
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ISELIN, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial results.

Key Points: 
  • First Quarter 2024 Net Income was $10.7 million, as compared to $5.9 million in 2023, an increase of 82.1%
    First Quarter 2024 Diluted Earnings Per Share were $0.59, as compared to $0.33 in 2023, an increase of 78.8%
    First Quarter 2024 Revenues were $40.5 million, as compared to $38.2 million in 2023, an increase of 6.2%
    ISELIN, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial results.
  • Net income for the quarter ended March 31, 2024 rose to $10.7 million from $5.9 million during the same period in 2023.
  • Operation and maintenance expenses for the first quarter of 2024 increased $0.2 million from the same period in 2023.
  • Middlesex Water will be holding its Annual Meeting virtually online on Tuesday, May 21, 2024, at 11:00 a.m. EDT.

Middlesex Water Company Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, April 25, 2024
Water, Middlesex Water Company

ISELIN, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable June 3, 2024 to shareholders of record as of May 15, 2024.

Key Points: 
  • ISELIN, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable June 3, 2024 to shareholders of record as of May 15, 2024.
  • Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.
  • Middlesex Water provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various subsidiary companies.
  • To learn more about Middlesex Water, including information about its Investment Plan, visit the Investors section at www.middlesexwater.com .

Tidewater Utilities Announces Strategy for Compliance With New EPA PFAS Regulation

Retrieved on: 
Monday, April 15, 2024
PFAS, EPA, Drinking water, Safety, Health, Food packaging, Environmental protection, Water supply, Middlesex Water Company

PFAS are a group of widely used, man-made chemicals, used in industry and consumer products like non-stick cookware, water-repellent clothing and food packaging since the 1940s.

Key Points: 
  • PFAS are a group of widely used, man-made chemicals, used in industry and consumer products like non-stick cookware, water-repellent clothing and food packaging since the 1940s.
  • “We support new EPA standards that protect the health and safety of our customers.
  • In anticipation of new federal standards for PFAS, Tidewater had implemented a mitigation strategy and has been performing voluntary sampling of all of our 175 wells for several years,” said Bruce E. Patrick, Tidewater President.
  • We continue to monitor our water supplies to ensure compliance with the new EPA regulations.

Middlesex Water Has Implemented Its Strategy for Compliance With New More Stringent Federal Regulations for PFAS

Retrieved on: 
Thursday, April 11, 2024
MCL, PFAS, PFOA, EPA, Investment, Perfluorinated compound, PFOS, Food packaging, Carbon, PPT, PFA, Middlesex Water Company, Cosmetics

The Company begun implementing its strategy in 2023 in anticipation to the new EPA regulation.

Key Points: 
  • The Company begun implementing its strategy in 2023 in anticipation to the new EPA regulation.
  • PFAS are a group of widely used chemicals, used in industry and consumer products like non-stick cookware and food packaging since the 1940s.
  • This new federal MCL for PFOS and PFOA is lower than the New Jersey standard of 14 ppt established in 2021.
  • “It should be noted that water utilities do not produce PFAS chemicals but bring cost effective and innovative solutions to meet all state and federal safe drinking compliance requirements,” added Leslie.

Jay L. Kooper, Middlesex Water Company’s General Counsel, Named a Leader in Law by NJBIZ

Retrieved on: 
Monday, March 25, 2024
Middlesex Water Company, General counsel, Water, Consultor, National Association

ISELIN, N.J., March 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce that its Vice President, General Counsel and Secretary, Jay L. Kooper, has been named a Leader in Law 2024 honoree by NJBIZ, New Jersey’s leading business journal.

Key Points: 
  • ISELIN, N.J., March 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce that its Vice President, General Counsel and Secretary, Jay L. Kooper, has been named a Leader in Law 2024 honoree by NJBIZ, New Jersey’s leading business journal.
  • The Leaders in Law awards recognize legal professionals and firms for outstanding dedication to their industry and to their communities.
  • Mr. Kooper, who joined Middlesex in 2014, has more than 25 years of experience as a public utilities attorney.
  • We congratulate Jay and the other distinguished honorees on attaining this prestigious recognition,” said Nadine Leslie, Middlesex Water President and CEO.

Middlesex Water Announces 2023 Year End Results

Retrieved on: 
Thursday, February 29, 2024
Tax, Weather, Sale, Delaware Public Service Commission, Water quality, Drinking water, Middlesex Water Company, Cryptocurrency

ISELIN, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023.

Key Points: 
  • ISELIN, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023.
  • Consolidated operating revenues increased to $166.3 million for the year ended December 31, 2023, up $3.8 million from 2022.
  • Lower weather-related main break activity in our Middlesex System offset some of these increased expenses.
  • Middlesex recognized a $5.2 million gain on the sale of its regulated Delaware wastewater subsidiary in January 2022.

Middlesex Water Company Declares Quarterly Cash Dividend

Retrieved on: 
Monday, January 29, 2024
Water, Middlesex Water Company

ISELIN, N.J., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable March 1, 2024 to shareholders of record as of February 15, 2024.

Key Points: 
  • ISELIN, N.J., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable March 1, 2024 to shareholders of record as of February 15, 2024.
  • Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.
  • Middlesex Water provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various subsidiary companies.
  • To learn more about Middlesex Water, including information about its Investment Plan, visit the Investors section at www.middlesexwater.com .

Middlesex Water Company Names New President & CEO

Retrieved on: 
Tuesday, January 23, 2024
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ISELIN, N.J. , Jan. 23, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) has named Nadine Leslie as its new President & CEO effective March 1, 2024.

Key Points: 
  • ISELIN, N.J. , Jan. 23, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) has named Nadine Leslie as its new President & CEO effective March 1, 2024.
  • Ms. Leslie joins Middlesex following a comprehensive search for a successor to outgoing President & CEO Dennis W. Doll, who will retire from the Company February 29, 2024.
  • Prior to her appointment as CEO of SUEZ North America, Ms. Leslie served as Executive Vice President - Health & Safety for the Paris-based SUEZ Group.
  • "I am thrilled to join the Middlesex Water Company team and grateful for the trust and confidence placed in me by the Middlesex Board of Directors” said Ms. Leslie, incoming President and CEO.

Tidewater Presents Charity Outing Proceeds to Food Bank of Delaware

Retrieved on: 
Wednesday, December 20, 2023
HOLIDAY, Community development, Food bank, Food, Middlesex Water Company, Volunteering, Foreign policy

DOVER, Del., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and a wholly-owned subsidiary of Middlesex Water Company recently presented a check for $35,000 to the Food Bank of Delaware at the Food Banks’s new Milford, DE location.

Key Points: 
  • DOVER, Del., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and a wholly-owned subsidiary of Middlesex Water Company recently presented a check for $35,000 to the Food Bank of Delaware at the Food Banks’s new Milford, DE location.
  • The donation represents proceeds raised from its 15th Annual Charity Golf Outing held at Heritage Shores on September 22, 2023.
  • We thank our sponsors, participants and volunteers who made this donation possible,” said Bruce E. Patrick, President, Tidewater Utilities.
  • TIDEWATER TEAM DELIVERS HOLIDAY CHEER AND PRESENTS CHARITY OUTING PROCEEDS: (Pictured Left to Right) Joseph Cuccinello, Tidewater CPCN Coordinator and Event Organizer, Kirsten E. Higgins, Vice President, Tidewater Utilities; Larry Haas, Chief Development Officer – Food Bank of Delaware; Bruce E. Patrick, President, Tidewater Utilities; Chad Robinson Director of External Affairs, Food Bank of DE and Susan DeNardo, Community Development Manager, Food Bank of DE.

Tidewater Utilities Announces Promotion

Retrieved on: 
Tuesday, December 5, 2023
Middlesex Water Company, Senior

DOVER, Del., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. , (Tidewater) a wholly owned subsidiary of Middlesex Water Company (NASDAQ: MSEX) has promoted John W. Eckeard to Senior Director – Distribution, effective December 15, 2023.

Key Points: 
  • DOVER, Del., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. , (Tidewater) a wholly owned subsidiary of Middlesex Water Company (NASDAQ: MSEX) has promoted John W. Eckeard to Senior Director – Distribution, effective December 15, 2023.
  • Tidewater, together with its wholly owned subsidiary, Southern Shores, provides water services to approximately 59,000 retail customers for residential, commercial and fire protection purposes in over 460 separate communities in Delaware.
  • Mr. Eckeard has served in various operating capacities during his more than 23 years with Tidewater and continues to assume an expanded scope of responsibilities in connection with the day-to-day management of Tidewater’s expanding water distribution system.
  • We’re grateful to acknowledge John’s management and operational successes and his continued contributions to this important element of our business,” said Bruce E. Patrick, Tidewater President.