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Middlesex Water Company MSEX Q4 2025 Annual earnings

Reported February 19, 2026 · After market close

Revenue$47.0MBeat by $68.2K
EPS$0.46Miss by $0.03
Revenue estimate$46.9M
EPS estimate$0.49

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$54.5M
EPS estimate$0.66

Financials

Q4 2025

Income statement

See full
Revenue$47.0M-0.3%
Operating income$11.2M+6.4%
Net income$8.6M-2.3%
EPS (diluted)$0.46-6.1%

Balance sheet

See full
Cash & equivalents$4.5M+5.9%
Total debt$389.1M+7.0%
Total equity$494.0M+11.0%
Total assets$1.4B+8.8%

Cash flow

See full
Operating cash flow$18.5M-13.7%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$924.59M-1.6%
Enterprise value$1.31B+0.8%
P/E21.6×+0.4×
P/S4.7×-0.1×

Profitability

See full
Operating margin27.9%+0.2pp
Net margin22%-1.1pp

Returns & leverage

See full
Return on equity9.1%-1.1pp
Debt / equity0.8×0.0×
Current ratio0.4×-0.1×

Segments

By segment

See full
Regulated$43.7M—
Non – Regulated$3.5M—

By product

See full
Regulated Tariff Sales$23.9M+0.3%
Non-Regulated Contract Operations$3.4M-4.0%

Versus estimates

Revenue

Q1 2026$48.7MMiss by $1.0M
Q4 2025$47.0MBeat by $68.2K
Q3 2025$54.1MBeat by $6.5MQ2 2025$49.3MMiss by $11.2MQ1 2025$44.3MBeat by $512.0KQ4 2024$47.1MBeat by $2.1M

Diluted EPS

Q1 2026$0.57In line
Q4 2025$0.46Miss by $0.03
Q3 2025$0.77Miss by $0.09Q2 2025$0.60Miss by $0.08Q1 2025$0.53Miss by $0.02Q4 2024$0.49Beat by $0.13

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Questions, answered.

When did Middlesex Water Company report Q4 2025 earnings?
Middlesex Water Company (MSEX) reported Q4 2025 earnings on February 19, 2026 after market close.
What were Middlesex Water Company's Q4 2025 revenue and EPS?
Middlesex Water Company reported revenue of $47.0M and eps of $0.46 for Q4 2025.
Did Middlesex Water Company beat estimates in Q4 2025?
Revenue beat the consensus estimate of $46.9M by $68.2K. EPS missed the consensus estimate of $0.49 by $0.03.
How did Middlesex Water Company's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.3% from $47.1M a year earlier and eps declined 6.1% from $0.49.
Where can I find Middlesex Water Company's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-009722) and the 10-K periodic report (0001628280-26-009777) directly on SEC EDGAR. The filing index links above go to sec.gov.