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Middlesex Water Co (MSEX)

Also trades as MSEXP. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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SEC name MIDDLESEX WATER CO · CIK 0000066004 · Nasdaq · Water Supply

  • Sector Transportation & Utilities
  • Incorporated NJ
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Middlesex Water Co reported revenue of $194.69M. Revenue grew 1.5% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $206.14M.

Key ratios (year ended 2025-12-31)

27.9%
Operating margin
22.0%
Net margin
8.7%
Return on year-end equity
1.5%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-08-12

Headquarters locality: Iselin · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$206.14M$194.69M$191.88M$166.27M$162.43M$143.14M$141.59M$134.60M$138.08M$130.78M$132.91M
Operating Income$60.24M$54.38M$53.21M$39.22M$47.33M$33.21M$37.42M$35.52M$37.14M$37.80M$40.30M
Depreciation & Amortization$32.15M$32.49M$28.04M$29.44M$27.48M$26.80M$20.84M$17.23M$15.78M$14.85M$13.53M
EBITDA$92.39M$86.87M$81.25M$68.67M$74.81M$60.01M$58.26M$52.75M$52.92M$52.64M$53.83M
Net Income$47.94M$42.82M$44.35M$31.52M$42.43M$36.54M$38.42M$33.89M$32.45M$22.81M$22.74M
EPS (Diluted)n/a$2.36$2.47$1.76$2.39$2.07$2.18$2.01$1.96$1.38$1.38
Total Assets$1.42B$1.37B$1.26B$1.24B$1.07B$1.02B$976.47M$909.88M$767.83M$661.14M$620.16M
Long-Term Debtn/an/an/a$364.74M$306.39M$311.15M$277.24M$234.40M$162.90M$147.85M$142.49M
Shareholders' Equity$521.09M$494.03M$445.26M$422.99M$400.33M$367.73Mn/an/an/an/an/a
Cash & Equivalents$1.80M$2.80M$4.23M$2.39M$3.83M$3.53M$4.49M$2.23M$3.71M$4.94M$3.88M
Operating Cash Flow$58.64M$62.60M$58.73M$52.78M$61.36M$33.03M$53.35M$36.05M$45.86M$42.84M$47.07M
Capital Expendituresn/an/a$74.62M$90.18M$91.33M$79.38M$105.62Mn/an/an/an/a
Free Cash Flown/an/a-$15.89M-$37.40M-$29.97M-$46.35M-$52.26Mn/an/an/an/a
Share Repurchasesn/an/a$1.47M$619.0Kn/an/an/an/an/an/an/a
Dividends Paid$26.12M$24.92M$23.41M$22.44M$20.81M$19.37M$18.18M$16.16M$14.93M$14.00M$13.14M
Shares Outstanding18.84M18.52M17.89M17.82M17.64M17.52M17.47M17.43M16.40M16.35M16.30M
Dividends Per Sharen/a$1.38$1.31$1.26$1.18$1.11$1.04$0.98$0.91$0.86$0.81
Weighted Average Diluted Sharesn/a18.14M17.95M17.85M17.71M17.61M17.57M16.83M16.54M16.49M16.43M
EPS (Basic)n/a$2.36$2.48$1.77$2.40$2.08$2.19$2.02$1.97$1.39$1.39

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