Middlesex Water Company Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	199.11	194.69	191.88	166.27	162.43	143.14
Revenue Growth (YoY)	1.76%	1.47%	15.40%	2.36%	13.48%	1.09%
Operations and Maintenance Expenses	93.19	91.29	92.36	83.11	79.1	73.67
Gross Profit	105.91	103.4	99.51	83.16	83.34	69.47
Depreciation & Amortization Expenses	27.62	27.11	24.43	25.19	23.03	21.11
Taxes Other than Income Tax	22.37	21.91	21.87	18.74	18.21	15.15
Net Gains on Disposal of Operating Assets	-	-	-	-	5.23	-
Operating Income	55.92	54.38	53.21	39.22	47.33	33.21
Interest Income	1.88	1.62	1.25	2.43	2.31	2.65
Interest Expense	-14.8	-14.3	-14.02	-13.14	-9.37	-8.11
Other Non-Operating Income (Expense)	5.89	5.94	10.82	4.05	5.39	3.31
Total Non-Operating Income (Expense)	-7.03	-6.73	-1.95	-6.66	-1.66	-2.16
Pretax Income	48.89	47.64	51.26	32.57	45.67	31.06
Provision for Income Taxes	4.95	4.82	6.91	1.04	3.24	-5.49
Net Income	43.87	42.75	44.24	31.4	42.31	36.42
Net Income Attributable to Preferred Dividends	0.07	0.08	0.11	0.12	0.12	0.12
Net Income to Common	43.87	42.75	44.24	31.4	42.31	36.42
Net Income Growth	1.93%	-3.38%	40.87%	-25.77%	16.16%	-4.91%
Shares Outstanding (Basic)	18	18	18	18	18	17
Shares Outstanding (Diluted)	18	18	18	18	18	18
Shares Change (YoY)	1.89%	1.06%	0.56%	0.76%	0.60%	0.19%
EPS (Basic)	2.40	2.36	2.48	1.77	2.40	2.08
EPS (Diluted)	2.40	2.36	2.47	1.76	2.39	2.07
EPS Growth	-0.41%	-4.45%	40.34%	-26.36%	15.46%	-5.05%
Shares Outstanding	18.58	18.52	17.89	17.82	17.64	17.52
Free Cash Flow	-37.54	-33.76	-15.89	-37.4	-29.97	-46.35
Free Cash Flow Per Share	-2.05	-1.86	-0.89	-2.10	-1.69	-2.63
Dividends Per Share	1.400	1.380	1.315	1.262	1.183	1.108
Dividend Growth	1.45%	4.94%	4.16%	6.77%	6.72%	6.44%
Gross Margin	53.19%	53.11%	51.86%	50.01%	51.31%	48.53%
Operating Margin	28.09%	27.93%	27.73%	23.59%	29.14%	23.20%
Profit Margin	22.07%	21.99%	23.11%	18.96%	26.12%	25.53%
FCF Margin	-18.85%	-17.34%	-8.28%	-22.49%	-18.45%	-32.38%
EBITDA	88.69	86.87	81.25	68.67	74.81	60.01
EBITDA Margin	44.54%	44.62%	42.34%	41.30%	46.05%	41.92%
EBIT	55.92	54.38	53.21	39.22	47.33	33.21
EBIT Margin	28.09%	27.93%	27.73%	23.59%	29.14%	23.20%
Effective Tax Rate	10.11%	10.12%	13.47%	3.20%	7.09%	-17.67%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q