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Middlesex Water Company MSEX Change in Prepaids

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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:IncreaseDecreaseInPrepaidExpense.

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 change in prepaids?
Middlesex Water Company (MSEX) reported change in prepaids of $3.14M in Q1 2026.
How has Middlesex Water Company's change in prepaids changed year-over-year?
Middlesex Water Company's change in prepaids decreased by 21.1% year-over-year, from $3.98M to $3.14M.
What does change in prepaids mean?
Tracks the net change in payments made in advance for goods or services that will be consumed in future periods. This metric is used to assess the company's working capital management and the timing of cash outflows relative to operational expenses. Significant fluctuations may indicate changes in procurement strategies or the timing of large service contracts.