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Middlesex Water Company MSEX Regulatory liabilities

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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$1.02B+1.1%
Enterprise value$1.39B-18.7%
P/E23.1×-0.2×
P/S5.1×0.0×

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:RegulatoryLiabilityCurrent.

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 regulatory liabilities?
Middlesex Water Company (MSEX) reported regulatory liabilities of $3.14M in Q1 2026.
How has Middlesex Water Company's regulatory liabilities changed year-over-year?
Middlesex Water Company's regulatory liabilities decreased by 95.1% year-over-year, from $63.88M to $3.14M.
What is the long-term trend for Middlesex Water Company's regulatory liabilities?
Over 5 years (2020 to 2025), Middlesex Water Company's regulatory liabilities has grown at a -100.0% compound annual growth rate (CAGR), from $60.79M to $0.
What does regulatory liabilities mean?
These are obligations recognized by utility companies to refund or credit ratepayers for amounts previously collected, often resulting from regulatory orders or changes in tax laws. This metric is essential for understanding the company's future cash flow commitments and the impact of regulatory oversight on net earnings. It highlights the unique relationship between utility providers and their governing commissions regarding customer billing adjustments.