Middlesex Water Co (MSEXP) stock
MSEXPOTCWater SupplyFiscal year ends December 31Also trades as MSEX
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 14/3011% below fair value
$492.00+0.00 (0.00%)
Close on Oct 19, 2026Market cap $1.09BP/E 20.8Yield 2.39%
Middlesex Water operating income
Operating income is the profit from the core business after operating expenses such as R&D and selling costs, before interest and taxes.
Middlesex Water's operating income for the twelve months ending Sep 30, 2026 was $64.80M, up 20.7% year over year. For fiscal 2025 it was $54.38M, up 2.2% from the year before. Over ten years it grew 4.3% a year on average. The highest annual figure on record is $54.38M in fiscal 2025.
Annual operating income
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $54.38M | +2.2% |
| FY2024 | Dec 31, 2024 | $53.21M | +35.7% |
| FY2023 | Dec 31, 2023 | $39.22M | -17.1% |
| FY2022 | Dec 31, 2022 | $47.33M | +42.5% |
| FY2021 | Dec 31, 2021 | $33.21M | -11.2% |
| FY2020 | Dec 31, 2020 | $37.42M | +5.3% |
| FY2019 | Dec 31, 2019 | $35.52M | -4.4% |
| FY2018 | Dec 31, 2018 | $37.14M | -1.7% |
| FY2017 | Dec 31, 2017 | $37.80M | -6.2% |
| FY2016 | Dec 31, 2016 | $40.30M | +12.4% |
| FY2015 | Dec 31, 2015 | $35.84M | +4.2% |
| FY2014 | Dec 31, 2014 | $34.39M | +11.0% |
| FY2013 | Dec 31, 2013 | $30.97M | +12.0% |
| FY2012 | Dec 31, 2012 | $27.65M | +14.2% |
| FY2011 | Dec 31, 2011 | $24.20M | -9.0% |
| FY2010 | Dec 31, 2010 | $26.60M | +31.9% |
| FY2009 | Dec 31, 2009 | $20.16M | – |
Quarterly operating income
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $22.27M | +25.8% |
| Q2 FY2026 | Jun 30, 2026 | $18.23M | +31.0% |
| Q1 FY2026 | Mar 31, 2026 | $13.10M | +13.4% |
| Q4 FY2025 | Dec 31, 2025 | $11.21M | +6.4% |
| Q3 FY2025 | Sep 30, 2025 | $17.70M | +1.2% |
| Q2 FY2025 | Jun 30, 2025 | $13.91M | -9.2% |
| Q1 FY2025 | Mar 31, 2025 | $11.56M | +17.2% |
| Q4 FY2024 | Dec 31, 2024 | $10.53M | +27.7% |
| Q3 FY2024 | Sep 30, 2024 | $17.50M | +36.5% |
| Q2 FY2024 | Jun 30, 2024 | $15.32M | +43.5% |
| Q1 FY2024 | Mar 31, 2024 | $9.87M | +31.7% |
| Q4 FY2023 | Dec 31, 2023 | $8.24M | +1.2% |
| Q3 FY2023 | Sep 30, 2023 | $12.82M | -22.6% |
| Q2 FY2023 | Jun 30, 2023 | $10.67M | +5.8% |
| Q1 FY2023 | Mar 31, 2023 | $7.49M | -40.2% |
| Q4 FY2022 | Dec 31, 2022 | $8.15M | +28.5% |
| Q3 FY2022 | Sep 30, 2022 | $16.58M | +45.1% |
| Q2 FY2022 | Jun 30, 2022 | $10.09M | +2.8% |
| Q1 FY2022 | Mar 31, 2022 | $12.52M | +122.3% |
| Q4 FY2021 | Dec 31, 2021 | $6.34M | -23.9% |
| Q3 FY2021 | Sep 30, 2021 | $11.42M | -13.3% |
| Q2 FY2021 | Jun 30, 2021 | $9.81M | +4.6% |
| Q1 FY2021 | Mar 31, 2021 | $5.63M | -13.7% |
| Q4 FY2020 | Dec 31, 2020 | $8.33M | +10.2% |
| Q3 FY2020 | Sep 30, 2020 | $13.18M | +10.0% |
| Q2 FY2020 | Jun 30, 2020 | $9.39M | +4.9% |
| Q1 FY2020 | Mar 31, 2020 | $6.53M | -7.1% |
| Q4 FY2019 | Dec 31, 2019 | $7.56M | +5.7% |
| Q3 FY2019 | Sep 30, 2019 | $11.98M | -7.2% |
| Q2 FY2019 | Jun 30, 2019 | $8.95M | -16.5% |
| Q1 FY2019 | Mar 31, 2019 | $7.03M | +10.7% |
| Q4 FY2018 | Dec 31, 2018 | $7.15M | -13.4% |
| Q3 FY2018 | Sep 30, 2018 | $12.92M | +2.5% |
| Q2 FY2018 | Jun 30, 2018 | $10.72M | +14.6% |
| Q1 FY2018 | Mar 31, 2018 | $6.35M | -16.2% |
| Q4 FY2017 | Dec 31, 2017 | $8.26M | +5.3% |
| Q3 FY2017 | Sep 30, 2017 | $12.60M | – |
| Q2 FY2017 | Jun 30, 2017 | $9.36M | – |
| Q1 FY2017 | Mar 31, 2017 | $7.58M | – |
| Q4 FY2016 | Dec 31, 2016 | $7.85M | – |
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