Middlesex Water Company recently delivered a presentation highlighting its financial and operational performance. The company reported a market capitalization of $1.0 billion as of early November 2025 and detailed its infrastructure footprint, which includes 95 water treatment plants, 205 wells, 1,706 miles of main, and 54 water storage tanks. Middlesex Water emphasized its ongoing infrastructure investments, noting a capital expenditure of $72 million year-to-date as of September 2025 and an average capital investment more than three times 2015 levels. From 2020 to 2024, approximately $112 million was invested in construction to enhance water treatment facilities, including $54 million to address PFAS regulations. The presentation also addressed regulatory developments, including a New Jersey general rate case filed on June 30, 2025, with a requested revenue increase of $24.9 million (19.3%), a proposed equity ratio of 55.46%, and a requested return on equity of 10.5%. Additional filings for distribution system and resiliency improvement charges are expected to result in further annual revenues. You can access the full presentation through the link below.