Middlesex Water Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	194.69	191.88	166.27	162.43	143.14
Revenue Growth (YoY)	1.47%	15.40%	2.36%	13.48%	1.09%
Operations and Maintenance Expenses	91.29	92.36	83.11	79.1	73.67
Gross Profit	103.4	99.51	83.16	83.34	69.47
Depreciation & Amortization Expenses	27.11	24.43	25.19	23.03	21.11
Taxes Other than Income Tax	21.91	21.87	18.74	18.21	15.15
Net Gains on Disposal of Operating Assets	-	-	-	5.23	-
Operating Income	54.38	53.21	39.22	47.33	33.21
Interest Income	1.62	1.25	2.43	2.31	2.65
Interest Expense	-14.3	-14.02	-13.14	-9.37	-8.11
Other Non-Operating Income (Expense)	5.94	10.82	4.05	5.39	3.31
Total Non-Operating Income (Expense)	-6.73	-1.95	-6.66	-1.66	-2.16
Pretax Income	47.64	51.26	32.57	45.67	31.06
Provision for Income Taxes	4.82	6.91	1.04	3.24	-5.49
Net Income	42.75	44.24	31.4	42.31	36.42
Net Income Attributable to Preferred Dividends	0.08	0.11	0.12	0.12	0.12
Net Income to Common	42.75	44.24	31.4	42.31	36.42
Net Income Growth	-3.38%	40.87%	-25.77%	16.16%	-4.91%
Shares Outstanding (Basic)	18	18	18	18	17
Shares Outstanding (Diluted)	18	18	18	18	18
Shares Change (YoY)	1.06%	0.56%	0.76%	0.60%	0.19%
EPS (Basic)	2.36	2.48	1.77	2.40	2.08
EPS (Diluted)	2.36	2.47	1.76	2.39	2.07
EPS Growth	-4.45%	40.34%	-26.36%	15.46%	-5.05%
Free Cash Flow	-33.76	-15.89	-37.4	-29.97	-46.35
Free Cash Flow Per Share	-1.86	-0.89	-2.10	-1.69	-2.63
Dividends Per Share	1.380	1.315	1.262	1.183	1.108
Dividend Growth	4.94%	4.16%	6.77%	6.72%	6.44%
Gross Margin	53.11%	51.86%	50.01%	51.31%	48.53%
Operating Margin	27.93%	27.73%	23.59%	29.14%	23.20%
Profit Margin	21.99%	23.11%	18.96%	26.12%	25.53%
FCF Margin	-17.34%	-8.28%	-22.49%	-18.45%	-32.38%
EBITDA	86.87	81.25	68.67	74.81	60.01
EBITDA Margin	44.62%	42.34%	41.30%	46.05%	41.92%
EBIT	54.38	53.21	39.22	47.33	33.21
EBIT Margin	27.93%	27.73%	23.59%	29.14%	23.20%
Effective Tax Rate	10.12%	13.47%	3.20%	7.09%	-17.67%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q