Middlesex Water Company (MSEX)

Middlesex Water Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3.38	4.23	2.39	3.83	3.53	4.49
Accounts Receivable	33.73	29.61	27.47	24.68	22.58	21.63
Inventory	7.31	6.72	6.97	6.18	5.36	5.11
Prepaid Expenses	5.18	2.42	1.83	2.62	2.88	2.89
Other Current Assets	-	-	69.87	-	-	-
Total Current Assets	49.6	42.97	108.54	37.31	34.36	34.12
Property, Plant & Equipment	1,134	1,070	1,013	935.58	881.3	813.01
Regulatory Assets	109.95	101.78	90.69	90.05	100.74	118.14
Long-Term Deferred Charges	-	-	-	2.81	3.54	5.19
Other Long-Term Assets	48.74	40.72	23.77	8.71	0.08	6
Total Assets	1,342	1,255	1,236	1,074	1,020	976.47
Accounts Payable	28.14	28.05	27.62	24.85	21.13	30.44
Accrued Expenses	2.55	2.92	3.14	2.54	1.99	2.14
Short-Term Debt	55	23	42.75	55.5	13	2
Current Portion of Long-Term Debt	7.65	7.71	7.74	17.46	6.73	7.26
Current Unearned Revenue	1.5	1.48	1.39	1.37	1.33	1.26
Current Portion of Leases	0.6	0.57	-	-	-	-
Current Income Taxes Payable	15.54	11.98	10.54	12.16	8.62	10.14
Other Current Liabilities	7.3	7.19	10.66	3.99	3.83	3.62
Total Current Liabilities	118.28	82.89	103.83	117.86	56.62	56.85
Long-Term Debt	350.15	352.82	358.15	290.28	306.52	273.24
Long-Term Leases	1.96	2.43	3.06	3.71	4.37	5.04
Long-Term Unearned Revenue	189.6	181.37	122.27	113.38	127.86	111.99
Pension & Post-Retirement Benefits	-	-	-	-	11.29	34.43
Long-Term Deferred Tax Liabilities	110.63	101.24	88.74	77.78	69.5	61.3
Other Long-Term Liabilities	87.44	87.53	134.93	69.04	74.05	85.33
Total Liabilities	858.06	808.28	810.98	672.04	650.21	628.18
Total Preferred Equity	1.35	1.64	2.08	2.08	2.08	2.08
Common Stock	269.64	248.2	246.76	233.05	221.92	217.45
Retained Earnings	212.91	197.06	176.23	167.27	145.81	128.76
Total Common Equity	482.55	445.26	422.99	400.33	367.73	346.21
Shareholders' Equity	483.9	446.9	425.08	402.41	369.81	348.29
Total Liabilities & Equity	1,342	1,255	1,236	1,074	1,020	976.47
Total Debt	415.36	386.53	411.71	366.95	330.62	287.54
Net Cash (Debt)	-411.97	-382.31	-409.32	-363.12	-327.09	-283.05
Net Cash Per Share	-22.88	-21.30	-22.93	-20.50	-18.58	-16.11
Filing Date Shares Outstanding	18.34	17.89	17.82	17.64	17.54	17.47
Total Common Shares Outstanding	18.34	17.89	17.82	17.64	17.52	17.47
Working Capital	-68.68	-39.92	4.71	-80.55	-22.26	-22.73
Book Value Per Share	26.32	24.89	23.74	22.69	20.99	19.81
Tangible Book Value	482.55	445.26	422.99	400.33	367.73	346.21
Tangible Book Value Per Share	26.32	24.89	23.74	22.69	20.99	19.81
Machinery	1,352	1,276	1,214	1,082	1,040	901.9
Construction In Progress	37.44	34.21	19.64	53.57	24.95	80.06

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q