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Middlesex Water Company MSEX Regulated — Consolidated Other Operations and Maintenance Expenses

Other segment segments

Non – Regulated
$2.24M+20.6%

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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 msex:UtilitiesOperatingExpenseMaintenanceAndOperationsOther.

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
Inter-segment Elimination(34)(28)
Consolidated Purchased Water$1,907$1,879
Other Operations and Maintenance Expenses:
Regulated$18,988$17,493
Non – Regulated2,2381,856
Total Reportable Segments21,22619,349
Inter-segment Elimination(121)(119)
Consolidated Other Operations and Maintenance Expenses$21,105$19,230

Item 1. Financial Statements (Unaudited):

FAQ

What is Middlesex Water Company's regulated — consolidated other operations and maintenance expenses?
Middlesex Water Company (MSEX) reported regulated — consolidated other operations and maintenance expenses of $18.99M in Q1 2026.
How has Middlesex Water Company's regulated — consolidated other operations and maintenance expenses changed year-over-year?
Middlesex Water Company's regulated — consolidated other operations and maintenance expenses increased by 8.5% year-over-year, from $17.49M to $18.99M.
What does regulated — consolidated other operations and maintenance expenses mean?
Captures the recurring costs associated with the daily operation and upkeep of water and wastewater infrastructure, excluding direct water purchase costs. Monitoring these expenses provides insight into the operational efficiency and cost-management discipline of the regulated utility business.

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