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Segments

By segment

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Regulated$10.2M
Non – Regulated$403K

Other financials

Income statement

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Revenue$48.7M+10.0%
Operating income$13.1M+13.4%
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:NetIncomeLoss.

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
Interest Charges3,2142,713
Income before Income Taxes11,89010,641
Income Taxes1,2851,162
Net Income10,6059,479
Preferred Stock Dividend Requirements1822
Earnings Applicable to Common Stock$10,587$9,457
Earnings per share of Common Stock:
Basic$0.57$0.53

Item 1. Financial Statements (Unaudited):

FAQ

What is Middlesex Water Company's net income?
Middlesex Water Company (MSEX) reported net income of $10.61M in Q1 2026.
How has Middlesex Water Company's net income changed year-over-year?
Middlesex Water Company's net income increased by 11.9% year-over-year, from $9.48M to $10.61M.
What is the long-term trend for Middlesex Water Company's net income?
Over 4 years (2021 to 2025), Middlesex Water Company's net income has grown at a 4.0% compound annual growth rate (CAGR), from $36.54M to $42.82M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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