Middlesex Water Company (MSEX)
NASDAQ: MSEX · Real-Time Price · USD
58.52
-0.29 (-0.50%)
Aug 19, 2026, 11:30 AM EDT - Market open
Middlesex Water Company Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 1.8 | 2.8 | 4.23 | 2.39 | 3.83 | 3.53 |
Accounts Receivable | 33.29 | 28.57 | 29.61 | 27.47 | 24.68 | 22.58 |
Inventory | 8.98 | 7.55 | 6.72 | 6.97 | 6.18 | 5.36 |
Prepaid Expenses | 5.81 | 2.84 | 2.42 | 1.83 | 2.62 | 2.88 |
Other Current Assets | 2.14 | - | - | 69.87 | - | - |
Total Current Assets | 52.02 | 41.77 | 42.97 | 108.54 | 37.31 | 34.36 |
Property, Plant & Equipment | 1,211 | 1,162 | 1,070 | 1,013 | 935.58 | 881.3 |
Regulatory Assets | 106.12 | 110.28 | 101.78 | 90.69 | 90.05 | 100.74 |
Long-Term Deferred Charges | - | - | - | - | 2.81 | 3.54 |
Other Long-Term Assets | 54.35 | 52.15 | 40.72 | 23.77 | 8.71 | 0.08 |
Total Assets | 1,423 | 1,366 | 1,255 | 1,236 | 1,074 | 1,020 |
Liabilities
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 |
Accounts Payable | 31.02 | 31.33 | 28.05 | 27.62 | 24.85 | 21.13 |
Accrued Expenses | 3.39 | 3.31 | 2.92 | 3.14 | 2.54 | 1.99 |
Short-Term Debt | 34 | 28.25 | 23 | 42.75 | 55.5 | 13 |
Current Portion of Long-Term Debt | 7.65 | 7.85 | 7.71 | 7.74 | 17.46 | 6.73 |
Current Unearned Revenue | 0.45 | 0.5 | 1.48 | 1.39 | 1.37 | 1.33 |
Current Portion of Leases | - | 0.6 | - | - | - | - |
Current Income Taxes Payable | 18.97 | 15.99 | 11.98 | 10.54 | 12.16 | 8.62 |
Other Current Liabilities | 9.21 | 5.97 | 7.76 | 10.66 | 3.99 | 3.83 |
Total Current Liabilities | 104.7 | 93.8 | 82.89 | 103.83 | 117.86 | 56.62 |
Long-Term Debt | 395.6 | 378.87 | 352.82 | 358.15 | 290.28 | 306.52 |
Long-Term Leases | 1.5 | 1.84 | 2.43 | 3.06 | 3.71 | 4.37 |
Long-Term Unearned Revenue | 194.66 | 191.2 | 181.37 | 122.27 | 113.38 | 127.86 |
Pension & Post-Retirement Benefits | - | - | - | - | - | 11.29 |
Long-Term Deferred Tax Liabilities | 113.84 | 110.48 | 101.24 | 88.74 | 77.78 | 69.5 |
Other Long-Term Liabilities | 90.76 | 94.19 | 87.53 | 134.93 | 69.04 | 74.05 |
Total Liabilities | 901.05 | 870.36 | 808.28 | 810.98 | 672.04 | 650.21 |
Shareholders' Equity
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 |
Total Preferred Equity | 1.34 | 1.34 | 1.64 | 2.08 | 2.08 | 2.08 |
Common Stock | 294.24 | 279.15 | 248.2 | 246.76 | 233.05 | 221.92 |
Retained Earnings | 226.85 | 214.88 | 197.06 | 176.23 | 167.27 | 145.81 |
Total Common Equity | 521.09 | 494.03 | 445.26 | 422.99 | 400.33 | 367.73 |
Shareholders' Equity | 522.44 | 495.37 | 446.9 | 425.08 | 402.41 | 369.81 |
Total Liabilities & Equity | 1,423 | 1,366 | 1,255 | 1,236 | 1,074 | 1,020 |
Additional Metrics
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 |
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 |
Filing Date Shares Outstanding | 18.84 | 18.52 | 17.89 | 17.82 | 17.64 | 17.54 |
Total Common Shares Outstanding | 18.84 | 18.52 | 17.89 | 17.82 | 17.64 | 17.52 |
Working Capital | -52.67 | -52.03 | -39.92 | 4.71 | -80.55 | -22.26 |
Book Value Per Share | 27.65 | 26.67 | 24.89 | 23.74 | 22.69 | 20.99 |
Tangible Book Value | 521.09 | 494.03 | 445.26 | 422.99 | 400.33 | 367.73 |
Tangible Book Value Per Share | 27.65 | 26.67 | 24.89 | 23.74 | 22.69 | 20.99 |
Machinery | 1,417 | 1,378 | 1,276 | 1,214 | 1,082 | 1,040 |
Construction In Progress | 60.37 | 44.4 | 34.21 | 19.64 | 53.57 | 24.95 |