What is Middlesex Water Company's net debt?

Middlesex Water Company (MSEX) reported net debt of $377.28M in Q1 2026.

How has Middlesex Water Company's net debt changed year-over-year?

Middlesex Water Company's net debt decreased by 46.8% year-over-year, from $709.23M to $377.28M.

What is the long-term trend for Middlesex Water Company's net debt?

Over 5 years (2020 to 2025), Middlesex Water Company's net debt has grown at a 7.3% compound annual growth rate (CAGR), from $269.88M to $384.65M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Middlesex Water Company MSEX Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

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

See full

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

See full

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$1.01B+0.1%

Enterprise value$1.38B-19.3%

P/E22.9×-0.4×

P/S5.1×-0.1×

Profitability

See full

Operating margin28.1%0.0pp

Net margin22.1%0.0pp

FCF margin-8.3%-3.2pp

Returns & leverage

See full

Return on equity9.3%-0.6pp

Debt / equity0.8×-0.8×

Current ratio0.4×-0.1×

Where this comes from

Calculated from Middlesex Water Company’s reported figures.

$381.0Mtotal debt−$3.7Mcash and equivalents=$377.28M

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 net debt?: Middlesex Water Company (MSEX) reported net debt of $377.28M in Q1 2026.
How has Middlesex Water Company's net debt changed year-over-year?: Middlesex Water Company's net debt decreased by 46.8% year-over-year, from $709.23M to $377.28M.
What is the long-term trend for Middlesex Water Company's net debt?: Over 5 years (2020 to 2025), Middlesex Water Company's net debt has grown at a 7.3% compound annual growth rate (CAGR), from $269.88M to $384.65M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.