MSEX
Middlesex Water Company
Price Chart
Latest Quote
$53.49
+0.63 (+1.19%)
Current Price
| Previous Close | $52.86 |
| Open | $53.14 |
| Day High | $53.71 |
| Day Low | $53.14 |
| Volume | 18,665 |
Stock Information
| Quarterly Dividend / Yield | $1.42 / 2.69% |
| Shares Outstanding | 18.62M |
| Quarterly Dividend Yield | 2.69% |
| Quarterly Dividend | $1.42 |
| Total Debt | $428.00M |
| Cash Equivalents | $2.04M |
| Revenue | $199.11M |
| Net Income | $43.88M |
| Sector | Utilities |
| Industry | Utilities - Regulated Water |
| Market Cap | $996.22M |
| P/E Ratio | 22.29 |
| EPS (TTM) | $2.40 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.41B |
| Sales | $199.11M |
| Income | $43.88M |
| Book/sh | $26.97 |
| Cash/sh | $0.11 |
| Employees | 395 |
Financial Ratios
| Quick Ratio | 0.26 |
| Current Ratio | 0.39 |
| Debt/Eq | 85.19 |
| EPS Growth TTM | 11.90% |
Returns & Margins
| ROA | 2.84% |
| ROE | 9.22% |
| Gross Margin | 53.19% |
| Operating Margin | 29.27% |
| Profit Margin | 22.07% |
Ownership
| Insider Ownership | 2.35% |
| Institutional Ownership | 86.94% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 17.89 |
| PEG | 18.45 |
| P/S | 5.00 |
| P/B | 1.98 |
Analyst Data
| Recommendation | none |
| Target Price | $60.00 |
Technical Indicators
| SMA20 | $52.62 |
| SMA50 | $52.01 |
| SMA200 | $52.38 |
| RSI | 59.05 |
| ATR | 1.2964 |
| Shares Float | 18.10M |
| Short Float | 5.23% |
| Short Ratio | 6.70 |
| Volatility | 0.78 |
| Rel Volume | 0.11 |
Performance History
| Week | +1.92% |
| Month | +2.65% |
| Quarter | +5.26% |
| 6 Months | +4.87% |
| YTD | +7.85% |
| Year | -4.43% |
| 3 Years | -30.43% |
| 5 Years | -31.53% |
| 10 Years | +61.46% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $53.49 | 18,665 |
| 2026-06-23 | $52.86 | 123,700 |
| 2026-06-22 | $51.78 | 150,700 |
| 2026-06-18 | $52.06 | 269,700 |
| 2026-06-17 | $51.84 | 195,700 |
| 2026-06-16 | $52.48 | 182,600 |
| 2026-06-15 | $52.71 | 133,400 |
| 2026-06-12 | $52.95 | 85,800 |
| 2026-06-11 | $52.46 | 225,200 |
| 2026-06-10 | $53.72 | 122,400 |
| 2026-06-09 | $53.85 | 127,200 |
| 2026-06-08 | $52.62 | 83,700 |
| 2026-06-05 | $53.37 | 82,900 |
| 2026-06-04 | $52.38 | 85,800 |
| 2026-06-03 | $51.93 | 136,000 |
| 2026-06-02 | $52.71 | 120,800 |
| 2026-06-01 | $51.78 | 110,300 |
| 2026-05-29 | $52.53 | 146,800 |
| 2026-05-28 | $52.18 | 92,400 |
| 2026-05-27 | $52.66 | 95,200 |
| 2026-05-26 | $52.08 | 108,400 |
About Middlesex Water Company
Middlesex Water Company owns and operates regulated water utility and wastewater systems in the United States. It operates in two segments, Regulated and Non-Regulated. The company collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers; and provides regulated wastewater system. It also provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
đ° Latest News
Middlesex Water Company (NASDAQ:MSEX) Analysts Are Pretty Bullish On The Stock After Recent Results
Simply Wall St. âĸ 2026-05-04T10:31:28Z
Middlesex Water (MSEX) Names Tatyana Kaplan Chief Accounting Officer
Insider Monkey âĸ 2026-04-20T15:51:29Z
American Water's Kentucky Unit Buys Livingston Municipal Water System
Zacks âĸ 2026-04-16T13:51:00Z
AWK's Virginia Unit Plans $0.5M Investment for Infrastructure Upgrades
Zacks âĸ 2026-03-24T15:15:00Z
Is Middlesex Water Company (MSEX) A Good Stock To Buy Now?
Insider Monkey âĸ 2026-03-16T01:51:17Z
Middlesex Water Company (MSEX) Announces 2025 Earnings
Insider Monkey âĸ 2026-03-12T07:14:55Z
Assessing Middlesex Water (MSEX) Valuation After Recent Share Price Rebound
Simply Wall St. âĸ 2026-03-04T00:22:36Z
Is Middlesex Water Stock a Buy After a Director Purchased 2,000 Shares?
Motley Fool âĸ 2026-03-02T20:20:22Z
Middlesex Water: Q4 Earnings Snapshot
Associated Press Finance âĸ 2026-02-19T22:12:03ZIs Middlesex Water (MSEX) Pricing Look Stretched After Recent Share Price Rebound?
Simply Wall St. âĸ 2026-02-16T18:05:55Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $85,909,000 | $88,755,000 | $78,865,000 | $74,650,000 |
| Cost Of Revenue | $91,291,000 | $92,363,000 | $83,113,000 | $79,096,000 |
| Total Revenue | $194,694,000 | $191,877,000 | $166,274,000 | $162,434,000 |
| Operating Revenue | $194,694,000 | $191,877,000 | $166,274,000 | $162,434,000 |
| Expenses | ||||
| Interest Expense | $14,295,000 | $12,769,000 | $10,710,000 | $7,053,000 |
| Total Expenses | $140,318,000 | $138,667,000 | $127,051,000 | $120,333,000 |
| Other Income Expense | $7,562,000 | $10,815,000 | $4,052,000 | $10,621,000 |
| Other Non Operating Income Expenses | $5,944,000 | $10,815,000 | $4,052,000 | $5,389,000 |
| Net Non Operating Interest Income Expense | $-14,295,000 | $-12,769,000 | $-10,710,000 | $-7,053,000 |
| Interest Expense Non Operating | $14,295,000 | $12,769,000 | $10,710,000 | $7,053,000 |
| Operating Expense | $49,027,000 | $46,304,000 | $43,938,000 | $41,237,000 |
| Other Operating Expenses | - | - | - | $-2,314,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $42,822,000 | $44,351,000 | $31,524,000 | $42,429,000 |
| Net Interest Income | $-14,295,000 | $-12,769,000 | $-10,710,000 | $-7,053,000 |
| Normalized Income | $41,367,726 | $44,351,000 | $31,524,000 | $37,568,186 |
| Net Income From Continuing And Discontinued Operation | $42,822,000 | $44,351,000 | $31,524,000 | $42,429,000 |
| Total Operating Income As Reported | $54,376,000 | $53,210,000 | $39,223,000 | $47,333,000 |
| Average Dilution Earnings | $24,000 | $46,000 | $67,000 | $67,000 |
| Net Income Common Stockholders | $42,746,000 | $44,239,000 | $31,404,000 | $42,309,000 |
| Net Income | $42,822,000 | $44,351,000 | $31,524,000 | $42,429,000 |
| Net Income Including Noncontrolling Interests | $42,822,000 | $44,351,000 | $31,524,000 | $42,429,000 |
| Net Income Continuous Operations | $42,822,000 | $44,351,000 | $31,524,000 | $42,429,000 |
| Pretax Income | $47,643,000 | $51,256,000 | $32,565,000 | $45,669,000 |
| Special Income Charges | $1,618,000 | $0 | $0 | $5,232,000 |
| Operating Income | $54,376,000 | $53,210,000 | $39,223,000 | $42,101,000 |
| Depreciation Amortization Depletion Income Statement | $27,113,000 | $24,430,000 | $25,194,000 | $23,029,000 |
| Depreciation And Amortization In Income Statement | $27,113,000 | $24,430,000 | $25,194,000 | $23,029,000 |
| Depreciation Income Statement | $27,113,000 | $24,430,000 | $25,194,000 | $23,029,000 |
| Gross Profit | $103,403,000 | $99,514,000 | $83,161,000 | $83,338,000 |
| Per Share | ||||
| Diluted EPS | $2.36 | $2.47 | $1.76 | $2.39 |
| Basic EPS | $2.36 | $2.48 | $1.77 | $2.40 |
| Other | ||||
| Tax Effect Of Unusual Items | $163,726 | $0 | $0 | $371,186 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $92,815,000 | $92,063,000 | $72,717,000 | $74,965,000 |
| Total Unusual Items | $1,618,000 | $0 | $0 | $5,232,000 |
| Total Unusual Items Excluding Goodwill | $1,618,000 | $0 | $0 | $5,232,000 |
| Reconciled Depreciation | $32,495,000 | $28,038,000 | $29,442,000 | $27,475,000 |
| EBITDA (Bullshit earnings) | $94,433,000 | $92,063,000 | $72,717,000 | $80,197,000 |
| EBIT | $61,938,000 | $64,025,000 | $43,275,000 | $52,722,000 |
| Diluted Average Shares | $18,137,000 | $17,946,000 | $17,847,000 | $17,702,510 |
| Basic Average Shares | $18,096,000 | $17,842,000 | $17,732,000 | $17,628,750 |
| Diluted NI Availto Com Stockholders | $42,770,000 | $44,285,000 | $31,471,000 | $42,376,000 |
| Preferred Stock Dividends | $76,000 | $112,000 | $120,000 | $120,000 |
| Tax Provision | $4,821,000 | $6,905,000 | $1,041,000 | $3,240,000 |
| Other Special Charges | $-1,618,000 | - | - | $-2,314,000 |
| Other Taxes | $21,914,000 | $21,874,000 | $18,744,000 | $18,208,000 |
| Gain On Sale Of Business | - | $0 | $0 | $5,232,000 |
Fetched: 2026-06-21
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $495,374,000 | $446,898,000 | $425,075,000 | $402,412,000 |
| Total Assets | $1,365,737,000 | $1,255,174,000 | $1,236,052,000 | $1,074,450,000 |
| Total Non Current Assets | $1,323,999,000 | $1,212,234,000 | $1,127,531,000 | $1,037,118,000 |
| Other Non Current Assets | $20,180,000 | $15,623,000 | $13,516,000 | $14,032,000 |
| Current Assets | $41,766,000 | $42,973,000 | $108,536,000 | $37,306,000 |
| Prepaid Assets | $2,843,000 | $2,422,000 | $1,833,000 | $2,624,000 |
| Inventory | $7,549,000 | $6,719,000 | $6,972,000 | $6,177,000 |
| Receivables | $28,574,000 | $29,606,000 | $97,341,000 | $24,677,000 |
| Accounts Receivable | $19,213,000 | $18,842,000 | $18,172,000 | $16,018,000 |
| Allowance For Doubtful Accounts Receivable | $-1,625,000 | $-2,695,000 | $-2,137,000 | $-2,326,000 |
| Gross Accounts Receivable | $20,838,000 | $21,537,000 | $20,309,000 | $18,344,000 |
| Cash Cash Equivalents And Short Term Investments | $2,800,000 | $4,226,000 | $2,390,000 | $3,828,000 |
| Cash And Cash Equivalents | $2,800,000 | $4,226,000 | $2,390,000 | $3,828,000 |
| Other Receivables | - | - | $69,872,000 | - |
| Debt | ||||
| Net Debt | $412,174,000 | $379,307,000 | $406,253,000 | $359,414,000 |
| Total Debt | $416,812,000 | $385,965,000 | $411,706,000 | $366,948,000 |
| Long Term Debt And Capital Lease Obligation | $380,712,000 | $355,254,000 | $361,216,000 | $293,986,000 |
| Long Term Debt | $378,874,000 | $352,822,000 | $358,153,000 | $290,280,000 |
| Current Debt And Capital Lease Obligation | $36,100,000 | $30,711,000 | $50,490,000 | $72,962,000 |
| Current Debt | $36,100,000 | $30,711,000 | $50,490,000 | $72,962,000 |
| Other Current Borrowings | $7,850,000 | $7,711,000 | $7,740,000 | $17,462,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $870,363,000 | $808,276,000 | $810,977,000 | $672,038,000 |
| Total Non Current Liabilities Net Minority Interest | $776,568,000 | $725,388,000 | $707,148,000 | $554,179,000 |
| Other Non Current Liabilities | $191,425,000 | $181,713,000 | $122,862,000 | $114,294,000 |
| Non Current Deferred Liabilities | $135,994,000 | $123,864,000 | $110,049,000 | $99,165,000 |
| Non Current Deferred Taxes Liabilities | $110,475,000 | $101,235,000 | $88,736,000 | $77,783,000 |
| Current Liabilities | $93,795,000 | $82,888,000 | $103,829,000 | $117,859,000 |
| Other Current Liabilities | $6,569,000 | $7,759,000 | $4,421,000 | $3,988,000 |
| Current Deferred Liabilities | $497,000 | $1,476,000 | $1,390,000 | $1,365,000 |
| Current Notes Payable | $28,250,000 | $23,000,000 | $42,750,000 | $55,500,000 |
| Payables And Accrued Expenses | $50,629,000 | $42,942,000 | $47,528,000 | $39,544,000 |
| Interest Payable | $3,311,000 | $2,916,000 | $3,138,000 | $2,535,000 |
| Payables | $47,318,000 | $40,026,000 | $44,390,000 | $37,009,000 |
| Total Tax Payable | $15,992,000 | $11,976,000 | $10,535,000 | $12,162,000 |
| Accounts Payable | $31,326,000 | $28,050,000 | $27,618,000 | $24,847,000 |
| Other Payable | - | - | $6,237,000 | - |
| Equity | ||||
| Common Stock Equity | $494,031,000 | $445,263,000 | $422,991,000 | $400,328,000 |
| Preferred Stock Equity | $1,343,000 | $1,635,000 | $2,084,000 | $2,084,000 |
| Total Equity Gross Minority Interest | $495,374,000 | $446,898,000 | $425,075,000 | $402,412,000 |
| Stockholders Equity | $495,374,000 | $446,898,000 | $425,075,000 | $402,412,000 |
| Retained Earnings | $214,883,000 | $197,061,000 | $176,227,000 | $167,274,000 |
| Other | ||||
| Preferred Shares Number | $13,000 | $16,000 | $20,000 | $20,000 |
| Ordinary Shares Number | $18,521,000 | $17,887,000 | $17,821,000 | $17,642,000 |
| Share Issued | $18,521,000 | $17,887,000 | $17,821,000 | $17,642,000 |
| Tangible Book Value | $494,031,000 | $445,263,000 | $422,991,000 | $400,328,000 |
| Invested Capital | $909,005,000 | $828,796,000 | $831,634,000 | $763,570,000 |
| Working Capital | $-52,029,000 | $-39,915,000 | $4,707,000 | $-80,553,000 |
| Capital Lease Obligations | $1,838,000 | $2,432,000 | $3,063,000 | $3,706,000 |
| Total Capitalization | $874,248,000 | $799,720,000 | $783,228,000 | $692,692,000 |
| Capital Stock | $280,491,000 | $249,837,000 | $248,848,000 | $235,138,000 |
| Common Stock | $279,148,000 | $248,202,000 | $246,764,000 | $233,054,000 |
| Preferred Stock | $1,343,000 | $1,635,000 | $2,084,000 | $2,084,000 |
| Non Current Deferred Revenue | $25,519,000 | $22,629,000 | $21,313,000 | $21,382,000 |
| Long Term Capital Lease Obligation | $1,838,000 | $2,432,000 | $3,063,000 | $3,706,000 |
| Current Deferred Revenue | $497,000 | $1,476,000 | $1,390,000 | $1,365,000 |
| Current Accrued Expenses | $3,311,000 | $2,916,000 | $3,138,000 | $2,535,000 |
| Defined Pension Benefit | $44,328,000 | $36,856,000 | $21,779,000 | $8,689,000 |
| Net PPE | $1,149,207,000 | $1,057,972,000 | $1,001,542,000 | $924,351,000 |
| Accumulated Depreciation | $-280,432,000 | $-259,125,000 | $-239,640,000 | $-218,391,000 |
| Gross PPE | $1,429,639,000 | $1,317,097,000 | $1,241,182,000 | $1,142,742,000 |
| Construction In Progress | $44,400,000 | $34,209,000 | $19,636,000 | $53,570,000 |
| Other Properties | $7,300,000 | $7,300,000 | $7,300,000 | $7,300,000 |
| Treasury Shares Number | - | - | - | $0 |
| Employee Benefits | - | - | - | $0 |
Fetched: 2026-06-21
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-33,758,000 | $-15,892,000 | $-37,397,000 | $-29,974,000 |
| Operating Activities | ||||
| Operating Cash Flow | $62,596,000 | $58,730,000 | $52,782,000 | $61,361,000 |
| Cash Flow From Continuing Operating Activities | $62,596,000 | $58,730,000 | $52,782,000 | $61,361,000 |
| Operating Gains Losses | - | - | - | $-5,232,000 |
| Investing Activities | ||||
| Capital Expenditure | $-96,354,000 | $-74,622,000 | $-90,179,000 | $-91,335,000 |
| Investing Cash Flow | $-100,961,000 | $-74,622,000 | $-90,179,000 | $-88,213,000 |
| Cash Flow From Continuing Investing Activities | $-100,961,000 | $-74,622,000 | $-90,179,000 | $-88,213,000 |
| Net Other Investing Changes | $-4,607,000 | - | - | - |
| Capital Expenditure Reported | $-96,354,000 | $-74,622,000 | $-90,179,000 | $-91,335,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $30,454,000 | $974,000 | $12,115,000 | $10,335,000 |
| Financing Cash Flow | $38,614,000 | $17,728,000 | $35,959,000 | $27,147,000 |
| Cash Flow From Continuing Financing Activities | $38,614,000 | $17,728,000 | $35,959,000 | $27,147,000 |
| Net Other Financing Charges | $1,612,000 | $65,371,000 | $806,000 | $3,000 |
| Cash Dividends Paid | $-25,000,000 | $-23,517,000 | $-22,561,000 | $-20,930,000 |
| Preferred Stock Dividend Paid | $-76,000 | $-109,000 | $-120,000 | $-120,000 |
| Common Stock Dividend Paid | $-24,924,000 | $-23,408,000 | $-22,441,000 | $-20,810,000 |
| Net Common Stock Issuance | $30,454,000 | $974,000 | $12,115,000 | $10,335,000 |
| Common Stock Issuance | $30,454,000 | $974,000 | $12,115,000 | $10,335,000 |
| Other | ||||
| Repayment Of Debt | $-7,317,000 | $-7,646,000 | $-17,463,000 | $-7,423,000 |
| Issuance Of Debt | $33,615,000 | $2,296,000 | $75,812,000 | $2,662,000 |
| End Cash Position | $4,475,000 | $4,226,000 | $2,390,000 | $3,828,000 |
| Beginning Cash Position | $4,226,000 | $2,390,000 | $3,828,000 | $3,533,000 |
| Changes In Cash | $249,000 | $1,836,000 | $-1,438,000 | $295,000 |
| Net Issuance Payments Of Debt | $31,548,000 | $-25,100,000 | $45,599,000 | $37,739,000 |
| Net Short Term Debt Issuance | $5,250,000 | $-19,750,000 | $-12,750,000 | $42,500,000 |
| Net Long Term Debt Issuance | $26,298,000 | $-5,350,000 | $58,349,000 | $-4,761,000 |
| Long Term Debt Payments | $-7,317,000 | $-7,646,000 | $-17,463,000 | $-7,423,000 |
| Long Term Debt Issuance | $33,615,000 | $2,296,000 | $75,812,000 | $2,662,000 |
| Change In Working Capital | $-7,451,000 | $-12,540,000 | $-3,041,000 | $1,379,000 |
| Change In Other Working Capital | $-12,939,000 | $-13,860,000 | $-1,992,000 | $-3,777,000 |
| Change In Payables And Accrued Expense | $5,707,000 | $3,793,000 | $1,747,000 | $7,812,000 |
| Change In Accrued Expense | $395,000 | $-222,000 | $603,000 | $549,000 |
| Change In Interest Payable | $395,000 | $-222,000 | $603,000 | $549,000 |
| Change In Payable | $5,312,000 | $4,015,000 | $1,144,000 | $7,263,000 |
| Change In Account Payable | $1,296,000 | $2,574,000 | $2,771,000 | $3,722,000 |
| Change In Tax Payable | $4,016,000 | $1,441,000 | $-1,627,000 | $3,541,000 |
| Change In Income Tax Payable | $4,016,000 | $1,441,000 | $-1,627,000 | $3,541,000 |
| Change In Prepaid Assets | $-421,000 | $-589,000 | $791,000 | $256,000 |
| Change In Inventory | $-830,000 | $253,000 | $-795,000 | $-819,000 |
| Change In Receivables | $1,032,000 | $-2,137,000 | $-2,792,000 | $-2,093,000 |
| Changes In Account Receivables | $-371,000 | $-670,000 | $-2,154,000 | $-707,000 |
| Other Non Cash Items | $-1,273,000 | $-1,051,000 | $-1,758,000 | $-986,000 |
| Stock Based Compensation | $1,237,000 | $1,537,000 | $2,214,000 | $1,630,000 |
| Deferred Tax | $-5,234,000 | $-1,605,000 | $-5,599,000 | $-5,334,000 |
| Deferred Income Tax | $-5,234,000 | $-1,605,000 | $-5,599,000 | $-5,334,000 |
| Depreciation Amortization Depletion | $32,495,000 | $28,038,000 | $29,442,000 | $27,475,000 |
| Depreciation And Amortization | $32,495,000 | $28,038,000 | $29,442,000 | $27,475,000 |
| Net Income From Continuing Operations | $42,822,000 | $44,351,000 | $31,524,000 | $42,429,000 |
| Interest Paid Supplemental Data | - | $14,485,000 | $12,762,000 | $9,251,000 |
| Income Tax Paid Supplemental Data | - | $3,169,000 | $2,962,000 | $3,230,000 |
| Net Business Purchase And Sale | - | $0 | $0 | $3,122,000 |
| Sale Of Business | - | $0 | $0 | $3,122,000 |
| Gain Loss On Sale Of Business | - | $0 | $0 | $-5,232,000 |
Fetched: 2026-06-21