Middlesex Water Company reported operational continuity and financial stability for Q1 2026, supported by recent rate increases and regulatory approvals that enable recovery of infrastructure investment costs. The company serves roughly 126,000 retail customers primarily in New Jersey and Delaware and continues to focus on upgrading treatment facilities, including mandated PFAS removal, alongside strategic acquisitions in Delaware. Its regulated utility business dominates revenues and profits, while non-regulated contract operations supplement growth. Key risks include environmental compliance costs and maintaining timely rate relief amid liquidity constraints. Capital expenditures exceeding $500 million over three years underpin network resiliency and regulatory compliance.