Filing Flows › Middlesex Water (MSEX) › Q3 2026
Middlesex Water (MSEX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Middlesex Water (MSEX) reported revenue of $60.2M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +7% from the quarter before. Operating margin was 37.0%, net earnings $18.0M (29.9% of revenue).
Middlesex Water, Q3 2026: revenue $60.2M (+11% year over year), operating margin 37.0%, net earnings $18.0M, operating cash flow $22.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.2M | +7% | +11% |
| Operating profit | $22.3M | +22% | +26% |
| Net earnings | $18.0M | +22% | +29% |
| Operating cash flow | $22.9M | +40% | +90% |
What changed
Revenue was $60.2M in Q3 2026, up 11% year over year and up 7% from the previous quarter.
Operating profit was $22.3M, a 37.0% margin (up 4.3 points year over year). Of the extra revenue versus Q3 2025, 75% reached operating profit, above the 33% margin then. Total costs grew 4% against revenue growth of 11%. Net earnings were $18.0M, up 29% year over year. The effective tax rate was 11.9%.
Operating cash flow was $22.9M (up 90% year over year), 127% of net earnings. Non-cash charges added back $7.7M of depreciation and amortization and $347K of share-based compensation. Working capital and other items used $3.2M.
Questions
What was Middlesex Water's revenue in the third quarter 2026?
Middlesex Water (MSEX) reported revenue of $60.2M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +7% from the quarter before.
Was Middlesex Water profitable in the third quarter 2026?
Operating profit was $22.3M (37.0% of revenue) and net earnings $18.0M.
Source: Middlesex Water 10-Q on SEC EDGAR.