MSEX

Middlesex Water Company

Price Chart

No historical data available

Latest Quote

$56.83

-1.66 (-2.84%)

Current Price

Previous Close	$58.49
Open	$58.06
Day High	$58.06
Day Low	$56.83
Volume	1,752

Fetched: 2026-08-31T13:31:46

Stock Information

Quarterly Dividend / Yield	$1.44 / 2.46%
Shares Outstanding	18.84M
Quarterly Dividend Yield	2.46%
Quarterly Dividend	$1.44
Total Debt	$438.74M
Cash Equivalents	$1.80M
Revenue	$206.14M
Net Income	$47.87M
Sector	Utilities
Industry	Utilities - Regulated Water
Market Cap	$1.07B
P/E Ratio	21.94
EPS (TTM)	$2.59
Exchange	NMS

🌐 Visit Website

Recent Price History

No history data available. Data will be fetched automatically.

About Middlesex Water Company

Middlesex Water Company owns and operates regulated water utility and wastewater systems in the United States. It operates in two segments, Regulated and Non-Regulated. The company collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers; and provides regulated wastewater system. It also provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

📰 Latest News

No news articles available at the moment. Check back later for updates on MSEX.

Period:

Income Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue
Reconciled Cost Of Revenue	$85,909,000	$88,755,000	$78,865,000	$74,650,000
Cost Of Revenue	$91,291,000	$92,363,000	$83,113,000	$79,096,000
Total Revenue	$194,694,000	$191,877,000	$166,274,000	$162,434,000
Operating Revenue	$194,694,000	$191,877,000	$166,274,000	$162,434,000
Expenses
Interest Expense	$14,295,000	$12,769,000	$10,710,000	$7,053,000
Total Expenses	$140,318,000	$138,667,000	$127,051,000	$120,333,000
Other Income Expense	$7,562,000	$10,815,000	$4,052,000	$10,621,000
Other Non Operating Income Expenses	$5,944,000	$10,815,000	$4,052,000	$5,389,000
Net Non Operating Interest Income Expense	$-14,295,000	$-12,769,000	$-10,710,000	$-7,053,000
Interest Expense Non Operating	$14,295,000	$12,769,000	$10,710,000	$7,053,000
Operating Expense	$49,027,000	$46,304,000	$43,938,000	$41,237,000
Other Operating Expenses	-	-	-	$-2,314,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$42,822,000	$44,351,000	$31,524,000	$42,429,000
Net Interest Income	$-14,295,000	$-12,769,000	$-10,710,000	$-7,053,000
Normalized Income	$41,367,726	$44,351,000	$31,524,000	$37,568,186
Net Income From Continuing And Discontinued Operation	$42,822,000	$44,351,000	$31,524,000	$42,429,000
Total Operating Income As Reported	$54,376,000	$53,210,000	$39,223,000	$47,333,000
Average Dilution Earnings	$24,000	$46,000	$67,000	$67,000
Net Income Common Stockholders	$42,746,000	$44,239,000	$31,404,000	$42,309,000
Net Income	$42,822,000	$44,351,000	$31,524,000	$42,429,000
Net Income Including Noncontrolling Interests	$42,822,000	$44,351,000	$31,524,000	$42,429,000
Net Income Continuous Operations	$42,822,000	$44,351,000	$31,524,000	$42,429,000
Pretax Income	$47,643,000	$51,256,000	$32,565,000	$45,669,000
Special Income Charges	$1,618,000	$0	$0	$5,232,000
Operating Income	$54,376,000	$53,210,000	$39,223,000	$42,101,000
Depreciation Amortization Depletion Income Statement	$27,113,000	$24,430,000	$25,194,000	$23,029,000
Depreciation And Amortization In Income Statement	$27,113,000	$24,430,000	$25,194,000	$23,029,000
Depreciation Income Statement	$27,113,000	$24,430,000	$25,194,000	$23,029,000
Gross Profit	$103,403,000	$99,514,000	$83,161,000	$83,338,000
Per Share
Diluted EPS	$2.36	$2.47	$1.76	$2.39
Basic EPS	$2.36	$2.48	$1.77	$2.40
Other
Tax Effect Of Unusual Items	$163,726	$0	$0	$371,186
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$92,815,000	$92,063,000	$72,717,000	$74,965,000
Total Unusual Items	$1,618,000	$0	$0	$5,232,000
Total Unusual Items Excluding Goodwill	$1,618,000	$0	$0	$5,232,000
Reconciled Depreciation	$32,495,000	$28,038,000	$29,442,000	$27,475,000
EBITDA (Bullshit earnings)	$94,433,000	$92,063,000	$72,717,000	$80,197,000
EBIT	$61,938,000	$64,025,000	$43,275,000	$52,722,000
Diluted Average Shares	$18,137,000	$17,946,000	$17,847,000	$17,702,510
Basic Average Shares	$18,096,000	$17,842,000	$17,732,000	$17,628,750
Diluted NI Availto Com Stockholders	$42,770,000	$44,285,000	$31,471,000	$42,376,000
Preferred Stock Dividends	$76,000	$112,000	$120,000	$120,000
Tax Provision	$4,821,000	$6,905,000	$1,041,000	$3,240,000
Other Special Charges	$-1,618,000	-	-	$-2,314,000
Other Taxes	$21,914,000	$21,874,000	$18,744,000	$18,208,000
Gain On Sale Of Business	-	$0	$0	$5,232,000

Fetched: 2026-08-31

Balance Sheet (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Net Tangible Assets	$495,374,000	$446,898,000	$425,075,000	$402,412,000
Total Assets	$1,365,737,000	$1,255,174,000	$1,236,052,000	$1,074,450,000
Total Non Current Assets	$1,323,999,000	$1,212,234,000	$1,127,531,000	$1,037,118,000
Other Non Current Assets	$20,180,000	$15,623,000	$13,516,000	$14,032,000
Current Assets	$41,766,000	$42,973,000	$108,536,000	$37,306,000
Prepaid Assets	$2,843,000	$2,422,000	$1,833,000	$2,624,000
Inventory	$7,549,000	$6,719,000	$6,972,000	$6,177,000
Receivables	$28,574,000	$29,606,000	$97,341,000	$24,677,000
Accounts Receivable	$19,213,000	$18,842,000	$18,172,000	$16,018,000
Allowance For Doubtful Accounts Receivable	$-1,625,000	$-2,695,000	$-2,137,000	$-2,326,000
Gross Accounts Receivable	$20,838,000	$21,537,000	$20,309,000	$18,344,000
Cash Cash Equivalents And Short Term Investments	$2,800,000	$4,226,000	$2,390,000	$3,828,000
Cash And Cash Equivalents	$2,800,000	$4,226,000	$2,390,000	$3,828,000
Other Receivables	-	-	$69,872,000	-
Debt
Net Debt	$412,174,000	$379,307,000	$406,253,000	$359,414,000
Total Debt	$416,812,000	$385,965,000	$411,706,000	$366,948,000
Long Term Debt And Capital Lease Obligation	$380,712,000	$355,254,000	$361,216,000	$293,986,000
Long Term Debt	$378,874,000	$352,822,000	$358,153,000	$290,280,000
Current Debt And Capital Lease Obligation	$36,100,000	$30,711,000	$50,490,000	$72,962,000
Current Debt	$36,100,000	$30,711,000	$50,490,000	$72,962,000
Other Current Borrowings	$7,850,000	$7,711,000	$7,740,000	$17,462,000
Liabilities
Total Liabilities Net Minority Interest	$870,363,000	$808,276,000	$810,977,000	$672,038,000
Total Non Current Liabilities Net Minority Interest	$776,568,000	$725,388,000	$707,148,000	$554,179,000
Other Non Current Liabilities	$191,425,000	$181,713,000	$122,862,000	$114,294,000
Non Current Deferred Liabilities	$135,994,000	$123,864,000	$110,049,000	$99,165,000
Non Current Deferred Taxes Liabilities	$110,475,000	$101,235,000	$88,736,000	$77,783,000
Current Liabilities	$93,795,000	$82,888,000	$103,829,000	$117,859,000
Other Current Liabilities	$6,569,000	$7,759,000	$4,421,000	$3,988,000
Current Deferred Liabilities	$497,000	$1,476,000	$1,390,000	$1,365,000
Current Notes Payable	$28,250,000	$23,000,000	$42,750,000	$55,500,000
Payables And Accrued Expenses	$50,629,000	$42,942,000	$47,528,000	$39,544,000
Interest Payable	$3,311,000	$2,916,000	$3,138,000	$2,535,000
Payables	$47,318,000	$40,026,000	$44,390,000	$37,009,000
Total Tax Payable	$15,992,000	$11,976,000	$10,535,000	$12,162,000
Accounts Payable	$31,326,000	$28,050,000	$27,618,000	$24,847,000
Other Payable	-	-	$6,237,000	-
Equity
Common Stock Equity	$494,031,000	$445,263,000	$422,991,000	$400,328,000
Preferred Stock Equity	$1,343,000	$1,635,000	$2,084,000	$2,084,000
Total Equity Gross Minority Interest	$495,374,000	$446,898,000	$425,075,000	$402,412,000
Stockholders Equity	$495,374,000	$446,898,000	$425,075,000	$402,412,000
Retained Earnings	$214,883,000	$197,061,000	$176,227,000	$167,274,000
Other
Preferred Shares Number	$13,000	$16,000	$20,000	$20,000
Ordinary Shares Number	$18,521,000	$17,887,000	$17,821,000	$17,642,000
Share Issued	$18,521,000	$17,887,000	$17,821,000	$17,642,000
Tangible Book Value	$494,031,000	$445,263,000	$422,991,000	$400,328,000
Invested Capital	$909,005,000	$828,796,000	$831,634,000	$763,570,000
Working Capital	$-52,029,000	$-39,915,000	$4,707,000	$-80,553,000
Capital Lease Obligations	$1,838,000	$2,432,000	$3,063,000	$3,706,000
Total Capitalization	$874,248,000	$799,720,000	$783,228,000	$692,692,000
Capital Stock	$280,491,000	$249,837,000	$248,848,000	$235,138,000
Common Stock	$279,148,000	$248,202,000	$246,764,000	$233,054,000
Preferred Stock	$1,343,000	$1,635,000	$2,084,000	$2,084,000
Non Current Deferred Revenue	$25,519,000	$22,629,000	$21,313,000	$21,382,000
Long Term Capital Lease Obligation	$1,838,000	$2,432,000	$3,063,000	$3,706,000
Current Deferred Revenue	$497,000	$1,476,000	$1,390,000	$1,365,000
Current Accrued Expenses	$3,311,000	$2,916,000	$3,138,000	$2,535,000
Defined Pension Benefit	$44,328,000	$36,856,000	$21,779,000	$8,689,000
Net PPE	$1,149,207,000	$1,057,972,000	$1,001,542,000	$924,351,000
Accumulated Depreciation	$-280,432,000	$-259,125,000	$-239,640,000	$-218,391,000
Gross PPE	$1,429,639,000	$1,317,097,000	$1,241,182,000	$1,142,742,000
Construction In Progress	$44,400,000	$34,209,000	$19,636,000	$53,570,000
Other Properties	$7,300,000	$7,300,000	$7,300,000	$7,300,000
Treasury Shares Number	-	-	-	$0
Employee Benefits	-	-	-	$0

Fetched: 2026-08-31

Cash Flow Statement (Annual)

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Free Cash Flow
Free Cash Flow	$-33,758,000	$-15,892,000	$-37,397,000	$-29,974,000
Operating Activities
Operating Cash Flow	$62,596,000	$58,730,000	$52,782,000	$61,361,000
Cash Flow From Continuing Operating Activities	$62,596,000	$58,730,000	$52,782,000	$61,361,000
Operating Gains Losses	-	-	-	$-5,232,000
Investing Activities
Capital Expenditure	$-96,354,000	$-74,622,000	$-90,179,000	$-91,335,000
Investing Cash Flow	$-100,961,000	$-74,622,000	$-90,179,000	$-88,213,000
Cash Flow From Continuing Investing Activities	$-100,961,000	$-74,622,000	$-90,179,000	$-88,213,000
Net Other Investing Changes	$-4,607,000	-	-	-
Capital Expenditure Reported	$-96,354,000	$-74,622,000	$-90,179,000	$-91,335,000
Financing Activities
Issuance Of Capital Stock	$30,454,000	$974,000	$12,115,000	$10,335,000
Financing Cash Flow	$38,614,000	$17,728,000	$35,959,000	$27,147,000
Cash Flow From Continuing Financing Activities	$38,614,000	$17,728,000	$35,959,000	$27,147,000
Net Other Financing Charges	$1,612,000	$65,371,000	$806,000	$3,000
Cash Dividends Paid	$-25,000,000	$-23,517,000	$-22,561,000	$-20,930,000
Preferred Stock Dividend Paid	$-76,000	$-109,000	$-120,000	$-120,000
Common Stock Dividend Paid	$-24,924,000	$-23,408,000	$-22,441,000	$-20,810,000
Net Common Stock Issuance	$30,454,000	$974,000	$12,115,000	$10,335,000
Common Stock Issuance	$30,454,000	$974,000	$12,115,000	$10,335,000
Other
Repayment Of Debt	$-7,317,000	$-7,646,000	$-17,463,000	$-7,423,000
Issuance Of Debt	$33,615,000	$2,296,000	$75,812,000	$2,662,000
End Cash Position	$4,475,000	$4,226,000	$2,390,000	$3,828,000
Beginning Cash Position	$4,226,000	$2,390,000	$3,828,000	$3,533,000
Changes In Cash	$249,000	$1,836,000	$-1,438,000	$295,000
Net Issuance Payments Of Debt	$31,548,000	$-25,100,000	$45,599,000	$37,739,000
Net Short Term Debt Issuance	$5,250,000	$-19,750,000	$-12,750,000	$42,500,000
Net Long Term Debt Issuance	$26,298,000	$-5,350,000	$58,349,000	$-4,761,000
Long Term Debt Payments	$-7,317,000	$-7,646,000	$-17,463,000	$-7,423,000
Long Term Debt Issuance	$33,615,000	$2,296,000	$75,812,000	$2,662,000
Change In Working Capital	$-7,451,000	$-12,540,000	$-3,041,000	$1,379,000
Change In Other Working Capital	$-12,939,000	$-13,860,000	$-1,992,000	$-3,777,000
Change In Payables And Accrued Expense	$5,707,000	$3,793,000	$1,747,000	$7,812,000
Change In Accrued Expense	$395,000	$-222,000	$603,000	$549,000
Change In Interest Payable	$395,000	$-222,000	$603,000	$549,000
Change In Payable	$5,312,000	$4,015,000	$1,144,000	$7,263,000
Change In Account Payable	$1,296,000	$2,574,000	$2,771,000	$3,722,000
Change In Tax Payable	$4,016,000	$1,441,000	$-1,627,000	$3,541,000
Change In Income Tax Payable	$4,016,000	$1,441,000	$-1,627,000	$3,541,000
Change In Prepaid Assets	$-421,000	$-589,000	$791,000	$256,000
Change In Inventory	$-830,000	$253,000	$-795,000	$-819,000
Change In Receivables	$1,032,000	$-2,137,000	$-2,792,000	$-2,093,000
Changes In Account Receivables	$-371,000	$-670,000	$-2,154,000	$-707,000
Other Non Cash Items	$-1,273,000	$-1,051,000	$-1,758,000	$-986,000
Stock Based Compensation	$1,237,000	$1,537,000	$2,214,000	$1,630,000
Deferred Tax	$-5,234,000	$-1,605,000	$-5,599,000	$-5,334,000
Deferred Income Tax	$-5,234,000	$-1,605,000	$-5,599,000	$-5,334,000
Depreciation Amortization Depletion	$32,495,000	$28,038,000	$29,442,000	$27,475,000
Depreciation And Amortization	$32,495,000	$28,038,000	$29,442,000	$27,475,000
Net Income From Continuing Operations	$42,822,000	$44,351,000	$31,524,000	$42,429,000
Interest Paid Supplemental Data	-	$14,485,000	$12,762,000	$9,251,000
Income Tax Paid Supplemental Data	-	$3,169,000	$2,962,000	$3,230,000
Net Business Purchase And Sale	-	$0	$0	$3,122,000
Sale Of Business	-	$0	$0	$3,122,000
Gain Loss On Sale Of Business	-	$0	$0	$-5,232,000

Fetched: 2026-08-31