# Middlesex Water (MSEX) — Earnings

MSEX · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/msex/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.79 |
| EPS estimate | $0.66 |
| EPS surprise | +20.30% |
| Revenue surprise | +3.39% |
| Revenue | $56.4M |
| Revenue estimate | $54.5M |
| Reported | Jul 30, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/66004/000162828026051038/msex-20260630.htm) |

Middlesex Water reported Q2 2026 results on July 30, 2026. Earnings per share were $0.79, ahead of the $0.66 estimate by 20.30%. Revenue was $56.4 million, 3.39% above the $54.5 million consensus and the highest in the table. Compared with Q2 2025, EPS rose about 32% from $0.60 and revenue rose about 14% from $49.3 million.

The table shows a clear seasonal pattern: the third quarter usually brings the highest EPS of the year, and the fourth quarter the lowest. Annual EPS was $2.38 in 2022, $1.76 in 2023, $2.47 in 2024 and $2.36 in 2025. Revenue grew each year, from $162.4 million in 2022 to $194.7 million in 2025, about 20% higher. The first half of 2026 adds up to $1.36 per share, about 20% more than the $1.13 of a year earlier. Results have often fallen short of forecasts: across the last 20 quarters, EPS came in below the estimate 13 times, above it five times and matched it twice.

Third-quarter results were reported between October 28 and November 9 in each of the past five years. That points to late October or early November 2026 for the next report. It will cover the usual seasonal peak.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 30, 2026 | $0.66 | $0.79 | 20.30% | $54.5M | $56.4M |
| Q1 2026 | Apr 30, 2026 | $0.57 | $0.57 | 0.00% | $49.8M | $48.7M |
| Q4 2025 | Feb 19, 2026 | $0.46 | $0.46 | 0.00% | $46.9M | $47.0M |
| Q3 2025 | Oct 31, 2025 | $0.87 | $0.77 | -11.49% | $56.1M | $54.1M |
| Q2 2025 | Jul 31, 2025 | $0.66 | $0.60 | -8.40% | $51.3M | $49.3M |
| Q1 2025 | May 1, 2025 | $0.61 | $0.53 | -12.40% | $43.8M | $44.3M |
| Q4 2024 | Feb 28, 2025 | $0.37 | $0.49 | 32.43% | $43.0M | $47.1M |
| Q3 2024 | Oct 31, 2024 | $0.69 | $0.80 | 15.94% | $52.4M | $55.1M |
| Q2 2024 | Jul 31, 2024 | $0.64 | $0.59 | -7.81% | $49.4M | $49.1M |
| Q1 2024 | May 8, 2024 | $0.48 | $0.59 | 22.92% | $44.5M | $40.5M |
| Q4 2023 | Feb 29, 2024 | $0.56 | $0.32 | -42.86% | $43.9M | $38.6M |
| Q3 2023 | Nov 9, 2023 | $0.86 | $0.56 | -34.88% | $52.9M | $46.7M |
| Q2 2023 | Jul 28, 2023 | $0.65 | $0.55 | -15.38% | $45.0M | $42.8M |
| Q1 2023 | May 1, 2023 | $0.53 | $0.33 | -37.74% | $41.6M | $38.2M |
| Q4 2022 | Feb 24, 2023 | $0.54 | $0.40 | -25.23% | $41.5M | $38.8M |
| Q3 2022 | Oct 28, 2022 | $0.88 | $0.80 | -9.09% | $47.0M | $47.7M |
| Q2 2022 | Jul 29, 2022 | $0.71 | $0.50 | -29.08% | $41.0M | $39.7M |
| Q1 2022 | Apr 29, 2022 | $0.52 | $0.68 | 30.77% | $36.0M | $36.2M |
| Q4 2021 | Feb 25, 2022 | $0.52 | $0.41 | -21.15% | $36.0M | $34.0M |
| Q3 2021 | Oct 29, 2021 | $0.80 | $0.65 | -18.24% | $41.0M | $39.9M |

## Frequently Asked Questions

### When did Middlesex Water (MSEX) last report earnings?

Middlesex Water last reported on Jul 30, 2026, covering fiscal Q2 2026.

### Did MSEX beat earnings estimates?

Yes. Middlesex Water reported EPS of $0.79 for Q2 2026 against a $0.66 estimate — a 20.30% beat.

### How much revenue did MSEX report last quarter?

Middlesex Water reported $56.4M in revenue for Q2 2026, against a consensus estimate of $54.5M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).