Middlesex Water Company Reports 2024 Financial Results
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Middlesex Water Company reported a significant increase in diluted EPS for 2024, reaching $2.47 compared to $1.76 in 2023. The company invested $75 million in capital expenditures in 2024 and plans a $387 million utility infrastructure investment from 2025 to 2027.
February 28, 2025 | 10:00 pm
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Middlesex Water Company reported a strong increase in EPS for 2024, indicating improved financial performance. The company also made significant capital investments in 2024 and plans further infrastructure investments through 2027.
The increase in EPS from $1.76 to $2.47 suggests improved profitability, which is positive for the stock. The substantial capital investments indicate a commitment to growth and infrastructure improvement, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100