MSEXNasdaqWater SupplyFiscal year ends December 31Also trades as MSEXP

MIDDLESEX WATER CO

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026

$53.26−1.33 (-2.44%)

Close on Oct 19, 2026

Market cap: $997.93M
P/E (TTM): 20.6
Dividend yield: 2.59%

MIDDLESEX WATER CO income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	195	192	166	162	143	141	134	138	131	133	126	117	115	110	102	103	91
Operating Expenses	140	139	127	120	110	104	99	101	93	93	90	83	84	83	78	76	71
Operating Income	54	53	39	47	33	37	36	37	38	40	36	34	31	28	24	27	20
Interest Expense	14	14	13	9.37	8.11	7.49	7.26	6.76	5.51	5.29	5.55	5.61	5.81	6.73	6.38	6.93	6.75
Other Non-Operating Income	7.56	12	6.49	7.70	5.96	4.38	2.49	2.99	1.62	-0.53	0.29	-0.40	0.09	0.86	2.15	1.44	1.73
Gain (Loss) on Sale of Assets	–	–	–	5.23	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	48	51	33	46	31	34	31	33	34	34	31	28	25	22	20	21	15
Income Tax Expense	4.82	6.91	1.04	3.24	-5.49	-4.12	-3.14	0.92	11	12	11	9.94	8.62	7.38	6.53	6.79	5.16
Net Income incl. Noncontrolling Interests	–	–	32	42	37	–	–	–	–	–	–	–	–	14	13	14	9.98
Net Income	43	44	32	42	37	38	34	32	23	23	20	18	17	14	13	14	9.98
Preferred Dividends	0.08	0.11	0.12	0.12	0.12	0.12	0.13	0.14	0.14	0.14	0.14	0.15	0.19	0.21	0.21	0.21	0.21
Net Income to Common	43	44	31	42	36	38	34	32	23	23	20	18	16	14	13	14	9.77
EPS (Basic)(per share)	2.36	2.48	1.77	2.40	2.08	2.19	2.02	1.97	1.39	1.39	1.23	1.14	1.04	0.90	0.85	0.96	0.73
EPS (Diluted)(per share)	2.36	2.47	1.76	2.39	2.07	2.18	2.01	1.96	1.38	1.38	1.22	1.13	1.03	0.90	0.84	0.96	0.72
Shares Outstanding (Basic, Weighted)(shares)	18	18	18	18	0.02	0.02	17	0.02	16	16	16	16	16	16	16	15	13
Shares Outstanding (Diluted, Weighted)(shares)	18	18	18	18	0.02	0.02	17	0.02	16	16	16	16	16	16	16	15	14
Dividend per Share(per share)	1.38	1.32	1.26	1.18	1.11	1.04	0.98	0.91	0.86	0.81	0.78	0.76	0.75	0.74	0.73	0.72	0.71
EBITDA	87	81	69	75	60	58	53	53	53	54	49	47	43	39	35	37	29

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 29.2%
Net margin: 23.3%
Return on equity, FY2025: 9.1%

Financial strength

Current ratio: 0.50
Debt to equity: 0.77
Debt to assets: 28.3%
Cash to current liabilities: 1.7%

Valuation

P/E ratio: 20.6
Price to sales: 4.84
Price to book: 1.92
Dividend yield: 2.59%