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Middlesex Water Company MSEX Allowance for equity funds used during construction

Allowance for equity funds used during construction at other companies

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Middlesex Water Company logo
Middlesex Water CompanyMSEX
$384K+76.1%

Other financials

Income statement

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Revenue$48.7M+10.0%
Operating income$13.1M+13.4%
Net income$10.6M+11.9%
EPS (diluted)$0.57+7.5%

Balance sheet

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Cash & equivalents$3.7M+39.8%
Total debt$381.0M-46.5%
Total equity$501.0M+11.6%
Total assets$1.4B+8.4%

Cash flow

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Operating cash flow$11.7M-14.9%
CapEx$25.1M+47.0%
Free cash flow-$3.7M+13.0%

Valuation

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Market cap$1.02B+1.1%
Enterprise value$1.39B-18.7%
P/E23.1×-0.2×
P/S5.1×0.0×

Profitability

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Operating margin28.1%0.0pp
Net margin22.1%0.0pp
FCF margin-8.3%-3.2pp

Returns & leverage

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Return on equity9.3%-0.6pp
Debt / equity0.8×-0.8×
Current ratio0.4×-0.1×

Where this comes from

Reported directly by Middlesex Water Company in its filing.

Tagged under the XBRL concept us-gaap:PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity.

The official record: Middlesex Water Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Middlesex Water Company's allowance for equity funds used during construction?
Middlesex Water Company (MSEX) reported allowance for equity funds used during construction of $384K in Q1 2026.
How has Middlesex Water Company's allowance for equity funds used during construction changed year-over-year?
Middlesex Water Company's allowance for equity funds used during construction increased by 76.1% year-over-year, from $218K to $384K.
What is the long-term trend for Middlesex Water Company's allowance for equity funds used during construction?
Over 4 years (2021 to 2025), Middlesex Water Company's allowance for equity funds used during construction has grown at a -10.2% compound annual growth rate (CAGR), from $1.51M to $977K.
What does allowance for equity funds used during construction mean?
Represents the non-cash equity component of the Allowance for Funds Used During Construction, which capitalizes the cost of equity financing for utility infrastructure projects. This metric reflects the portion of earnings derived from the financing of long-term capital projects rather than operational cash flow. It is a critical indicator for regulated utilities to track the recovery of capital costs before assets are placed into service.