S&P 500 7,723.39 ▲ 46.62 (+0.61%) DOW 52,389.06 ▲ 27.48 (+0.05%) NASDAQ 26,480.43 ▲ 311.05 (+1.19%) US Markets Closed â€ĸ 07:10 PM ET

MSEX

Middlesex Water Company

Price Chart
Latest Quote

$56.22

+0.03 (+0.05%)
Current Price
Previous Close $56.19
Open $56.16
Day High $56.42
Day Low $55.67
Volume 139,119
Fetched: 2026-10-27T23:10:14
Stock Information
Quarterly Dividend / Yield $1.44 / 2.56%
Shares Outstanding 18.84M
Quarterly Dividend Yield 2.56%
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 $1.06B
P/E Ratio 21.71
EPS (TTM) $2.59
Exchange NMS
🌐 Visit Website
📊 Comprehensive Analysis
Company Data
Enterprise Value$1.50B
Sales$206.14M
Income$47.87M
Book/sh$27.65
Cash/sh$0.10
Employees395
Financial Ratios
Quick Ratio0.34
Current Ratio0.50
Debt/Eq83.98
EPS Growth TTM37.10%
Returns & Margins
ROA2.96%
ROE9.77%
Gross Margin53.66%
Operating Margin34.40%
Profit Margin23.26%
Ownership
Insider Ownership2.33%
Institutional Ownership88.77%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E18.99
PEG18.45
P/S5.14
P/B2.03
Analyst Data
Recommendationbuy
Target Price$61.00
Technical Indicators
SMA20$53.97
SMA50$55.68
SMA200$53.69
RSI72.00
ATR1.0921
Shares Float18.34M
Short Float5.29%
Short Ratio6.49
Volatility0.73
Rel Volume0.99
Performance History
Week+4.03%
Month+7.19%
Quarter-1.19%
6 Months+6.59%
YTD+14.05%
Year-4.36%
3 Years-2.56%
5 Years-40.87%
10 Years+91.98%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
⭐ Premium Feature

Sign up for free to view detailed scoring breakdown — premium is free during our trial period!

Recent Price History
Date Close Volume
2026-10-27 $56.22 139,119
2026-10-26 $56.19 130,600
2026-10-23 $56.03 98,600
2026-10-22 $55.80 145,200
2026-10-21 $53.63 117,700
2026-10-20 $54.04 62,100
2026-10-19 $53.26 91,500
2026-10-16 $54.59 179,400
2026-10-15 $53.91 161,800
2026-10-14 $53.64 120,500
2026-10-13 $53.80 184,100
2026-10-12 $53.74 143,300
2026-10-09 $53.43 96,600
2026-10-08 $53.08 196,900
2026-10-07 $53.14 138,300
2026-10-06 $52.90 141,800
2026-10-05 $53.07 271,300
2026-10-02 $53.56 132,400
2026-10-01 $52.43 124,900
2026-09-30 $52.97 143,000
2026-09-29 $53.20 152,700
2026-09-28 $52.45 135,400
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: 2026-10-25
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: 2026-10-25
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: 2026-10-25