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Middlesex Water Company MSEX Non – Regulated — Total Capital Expenditures

Other segment segments

Regulated
$20.57M

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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:SegmentExpenditureAdditionToLongLivedAssets.

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
Net Income:
Regulated$10,202$8,858
Non – Regulated403$621
Consolidated Net Income$10,605$9,479
Capital Expenditures:
Regulated$20,574$18,853
Non – Regulated67$58
Total Capital Expenditures$20,641$18,911

Item 1. Financial Statements (Unaudited):

FAQ

What is Middlesex Water Company's non – regulated — total capital expenditures?
Middlesex Water Company (MSEX) reported non – regulated — total capital expenditures of $67K in Q1 2026.
How has Middlesex Water Company's non – regulated — total capital expenditures changed year-over-year?
Middlesex Water Company's non – regulated — total capital expenditures increased by 15.5% year-over-year, from $58K to $67K.
What does non – regulated — total capital expenditures mean?
This metric represents the total cash outflows used by the non-regulated business segment to acquire, upgrade, or maintain physical assets such as property, plants, and equipment. It reflects the level of investment required to support contract-based water and wastewater services outside of the core regulated utility operations. Monitoring this figure helps investors assess the capital intensity and growth reinvestment strategy of the company's non-regulated service arm.

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