SHARPE
Reported results
- Operating revenues for the quarter ended September 30, 2026, were $60.2 million, an increase of $6.1 million compared to the same quarter last year.
- Net income for the third quarter of 2026 was $18.0 million, compared to $14.0 million for the same quarter in 2025.
- Diluted earnings per share for the third quarter of 2026 were $0.95, compared to $0.77 for the third quarter of 2025.
- Operating expenses for the third quarter of 2026 were $37.9 million, an increase of approximately $1.6 million compared to the same period last year.
- Net income for the nine months ended September 30, 2026, was $43.4 million, with diluted earnings per share of $2.31.
- Middlesex invested approximately $84 million in water and wastewater utility infrastructure during the nine months ended September 30, 2026.
Guidance
- Middlesex has a planned 2026 annual investment of approximately $126 million.
Price and volatility reaction
The stock moved +2.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +1.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 55.35 | 2026-10-29 |
| Close after release | 56.79 | 2026-10-30 |
| Realised move | +2.6% | close to close |
| 30d ATM IV change | +1.8 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.