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Middlesex Water Company MSEX Non – Regulated — Operating Revenues

Other segment segments

Regulated
$45.78M

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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$1.1B+14.0%
Enterprise value$1.47B-11.7%
P/E25×+2.8×
P/S5.5×+0.6×

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:Revenues.

The source filing: Middlesex Water Company’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028887
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Operation by Segments
Operating Revenues:
Regulated$45,780$41,496
Non – Regulated3,0892,952
Total Reportable Segments48,86944,448
Inter-segment Elimination(155)(147)
Consolidated Operating Revenues$48,714$44,301
Operating Expenses

Item 1. Financial Statements (Unaudited):

FAQ

What is Middlesex Water Company's non – regulated — operating revenues?
Middlesex Water Company (MSEX) reported non – regulated — operating revenues of $3.09M in Q1 2026.
How has Middlesex Water Company's non – regulated — operating revenues changed year-over-year?
Middlesex Water Company's non – regulated — operating revenues increased by 4.6% year-over-year, from $2.95M to $3.09M.
What does non – regulated — operating revenues mean?
Represents the total gross income generated by the non-regulated business segment through contract services and other non-utility operations. This metric reflects the segment's ability to capture market share outside of traditional regulated water distribution activities.

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