Middlesex Water Company (MSEX)

NASDAQ: MSEX · Real-Time Price · USD

52.97

-0.23 (-0.43%)

At close: Sep 30, 2026, 4:00 PM EDT

52.97

0.00 (0.00%)

After-hours: Sep 30, 2026, 4:28 PM EDT

Middlesex Water Company Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	206.14	194.69	191.88	166.27	162.43	143.14
Revenue Growth	5.27%	1.47%	15.40%	2.36%	13.48%	1.09%
Net Income	47.87	42.75	44.24	31.4	42.31	36.42
Earnings Per Share	2.59	2.36	2.47	1.76	2.39	2.07
EPS Growth	7.36%	-4.44%	39.94%	-26.30%	15.44%	-5.08%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Regulated	194.13	182.65	179.36	154.62	151.12	131.53
Non-Regulated	13.11	12.99	13.55	12.77	12.45	12.82
Inter-segment Elimination	-1.1	-0.95	-1.03	-1.12	-1.13	-1.21
Total	206.14	194.69	191.88	166.27	162.43	143.14

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Cash & Investments	1.8	2.8	4.23	2.39	3.83	3.53
Total Debt	438.75	417.41	385.97	411.71	366.95	330.62
Net Cash (Debt)	-436.94	-414.61	-381.74	-409.32	-363.12	-327.09
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-23.64	-22.86	-21.27	-22.93	-20.50	-18.58

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Cash Flow	58.64	62.6	58.73	52.78	61.36	33.03
Capital Expenditures	-94.73	-96.35	-74.62	-90.18	-91.34	-79.38
Free Cash Flow	-36.09	-33.76	-15.89	-37.4	-29.97	-46.35
Free Cash Flow Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Pretax Margin	25.84%	24.47%	26.71%	19.59%	28.12%	21.70%
Profit Margin	23.22%	21.95%	23.06%	18.89%	26.05%	25.45%
FCF Margin	-17.51%	-17.34%	-8.28%	-22.49%	-18.45%	-32.38%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Dividend Per Share	1.440	1.380	1.315	1.262	1.183	1.108
Dividend Per Share Growth	5.88%	4.94%	4.16%	6.77%	6.72%	6.44%
Dividend Yield	2.72%	2.79%	2.62%	2.06%	1.64%	1.01%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
PE Ratio	20.43	21.63	21.24	37.21	32.80	57.79
Forward PE	18.70	19.34	21.09	27.92	30.67	49.30
PS Ratio	4.84	4.75	4.90	7.03	8.54	14.71