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MIDDLESEX WATER CO

MSEX

Companies in Water Supply

AWKWTRGAWRCWTHTOCWCO

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Assets
Public Utilities Property…
Public Utilities Property Plant And Equipment Gene…
334328326324320315311307307304299288
Public Utilities Property Plant And Equipment Tran…
954938918890872855837825817810784768
Public Utilities Property Plant And Equipment Comm…
108111108107106105104102101101100100
Public Utilities Property Plant And Equipment Cons…
504437443234353024203237
Public Utilities Property Plant And Equipment Plan…
1,4451,4221,3901,3651,3311,3101,2871,2641,2491,2341,2161,192
Public Utilities Property Plant And Equipment Accu…
276275270265259254249244240236230225
Public Utilities Property Plant And Equipment Net
1,1691,1471,1191,1001,0721,0551,0381,0201,009998985967
Assets Current
Cash And Cash Equivalents At Carrying Value
233334683234
Accounts Receivable Net Current
191923212019232016181915
Unbilled Receivables Current
1091113101113131191111
Inventory Raw Materials And Supplies
887777767766
Prepaid Expense Current
635662344233
Regulatory Assets Current
2-----------
Assets Current
4742505046435212111110913641
Assets Noncurrent
Operating Lease Right Of Use Asset
222223333333
Restricted Cash Noncurrent
2222-0------
Regulatory Assets Noncurrent
103110110105103102969190919493
Other Assets Noncurrent
667554-00200
Other Assets
170177173166160157140133130129122-
Assets
1,3861,3661,3421,3161,2791,2551,2301,2751,2501,2361,2431,128
Capitalization And Liabil…
Liabilities And Stockhold…
Capitalization Longterm D…
Common Stock Value
282279270253249248248247247247243240
Retained Earnings Accumulated Deficit
219215213205200197194186181176176172
Partners Capital
501494483458449445442433428423--
Preferred Stock Value
111122222222
Long Term Debt Noncurrent
372379350351351353352356357358354350
Capitalization Longterm Debt And Equity
874874834810802800796791787783776764
Liabilities Current
Other Long Term Debt Current
8888888888717
Notes Payable Current
472855553423187258434224
Accounts Payable Current
293128313228322523282928
Accrued Income Taxes Current
22161615171213141511810
Interest Payable Current
----------33
Accrued Liabilities Current
3333232333--
Regulatory Liability Current
3-----------
Contract With Customer Liability Current
001221221111
Other Liabilities Current
678878543433
Liabilities Current
12094118121101838013511710412188
Long Term Debt And Capital Lease Obligations Curre…
---222333333
Liabilities Noncurrent
Construction Payable Current And Noncurrent
262624--23------
Operating Lease Liability Noncurrent
222--2------
Deferred Income Tax Liabilities Net
111110111107104101959290898885
Regulatory Liability Noncurrent
61686364646554555811311347
Other Liabilities Noncurrent
000000000111
Liabilities Other Than Longterm Debt Noncurrent
-----------158
Other Liabilities
200206200197193191174171172227226-
Contributions In Aid Of Construction
192191190187183181180177174122120118
Liabilities And Stockholders Equity
1,3861,3661,3421,3161,2791,2551,2301,2751,2501,2361,2431,128
Allowance For Doubtful Accounts Receivable Current
222223222222
Common Stock Shares Authorized
404040404040------
Common Stock Shares Issued
191918181818------
Shares Outstanding
1919---18------
Preferred Stock Shares Authorized
000000------
Preferred Stock Shares Issued
000000------
Preferred Stock Shares Outstanding
00---0------

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
20263.13%3.03%13.68%---------
2025-8.34%-10.10%-13.10%6.42%2.99%13.69%-12.38%-9.42%-4.58%-3.80%2.53%-5.34%
2024-0.47%-3.46%22.07%-7.63%-1.55%-0.75%9.24%-10.03%-16.12%19.63%25.00%17.26%
20239.42%8.27%15.83%-2.39%-9.37%-19.31%4.70%4.12%-10.24%-0.62%-6.43%12.15%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Liquidity Ratios
Current Ratio
0.39
0.45
0.42
0.41
0.46
0.52
0.65
0.90
0.95
1.05
1.12
0.46
Quick Ratio
0.34
0.41
0.38
0.36
0.40
0.49
0.61
0.87
0.91
1.03
1.10
0.42
Working Capital
-72.83M
-52.03M
-68.68M
-71.97M
-54.72M
-39.92M
-27.77M
-13.98M
-5.94M
4.71M
14.46M
-46.99M
Leverage & Debt
Debt to Equity
0.24
0.19
0.25
0.27
0.23
0.19
0.18
0.31
0.27
0.25
0.29
0.21
Interest Coverage TTM
3.78
3.80
3.88
4.10
4.08
3.79
3.51
3.17
3.01
2.98
3.22
3.90
Debt Ratio
0.09
0.07
0.09
0.09
0.08
0.07
0.06
0.11
0.09
0.08
0.10
0.08
Efficiency & Turnover
Asset Turnover TTM
0.19
0.19
0.22
0.22
0.23
0.23
0.15
0.15
0.14
0.14
0.14
0.15
Days Sales Outstanding TTM
28.51
28.46
29.15
26.25
22.93
23.99
41.49
36.92
33.83
37.53
40.63
32.53
Receivables Turnover TTM
12.80
12.82
12.52
13.91
15.92
15.21
8.80
9.89
10.79
9.73
8.98
11.22
Per Share Metrics
Diluted EPS TTM
2.37
2.36
2.37
2.41
2.40
2.47
2.30
2.06
2.02
1.76
1.84
2.09
Free Cash Flow Per Share TTM
3.26
3.46
2.23
1.51
0.31
-0.89
-0.92
-1.51
-2.05
-2.11
-2.33
-2.19
Dividend Per Share TTM
1.38
1.38
1.35
1.34
1.33
1.31
1.30
1.29
1.27
1.27
1.25
1.22
Margin Metrics
Gross Profit Margin TTM
-
-
-
-
-
-
92.09%
91.65%
91.81%
92.10%
92.70%
93.44%
Operating Profit Margin TTM
22.51%
22.28%
18.88%
18.74%
19.24%
18.90%
27.77%
26.43%
24.67%
23.59%
23.50%
25.60%
Net Profit Margin TTM
17.70%
17.55%
15.11%
15.18%
15.09%
15.72%
22.48%
21.08%
21.51%
18.94%
19.76%
22.21%
Growth Metrics
Net Revenue Growth (1Y)
-12.93%
-13.33%
55.14%
63.16%
69.19%
69.33%
10.14%
4.46%
2.58%
2.36%
5.62%
11.84%
Net Income Growth (1Y)
2.10%
-3.25%
4.30%
17.45%
18.71%
40.54%
25.30%
-0.83%
0.39%
-25.67%
-22.64%
-6.32%
EPS Growth (1Y)
-1.51%
-4.61%
2.66%
16.58%
18.24%
39.67%
24.74%
-1.47%
-0.55%
-26.23%
-23.20%
-7.01%
Valuation Metrics
P/E TTM
21.80
21.02
22.35
21.87
25.76
20.39
26.99
24.02
24.39
34.73
33.45
35.79
P/B TTM
1.91
1.82
1.99
2.07
2.47
2.03
2.52
2.05
2.07
2.59
2.62
3.24
P/S TTM
3.86
3.69
3.38
3.32
3.89
3.21
6.07
5.06
5.25
6.58
6.61
7.95
Market Cap
958.57M
900.19M
961.05M
947.45M
1.11B
902.45M
1.11B
886.11M
884.69M
1.09B
1.10B
1.33B
Enterprise Value
1.37B
1.29B
1.35B
1.71B
1.85B
1.27B
1.84B
1.67B
1.66B
1.86B
1.49B
1.69B
Calculated Values
Free Cash Flow TTM
60.55M
62.60M
40.39M
27.05M
5.63M
-15.89M
-16.45M
-26.91M
-36.59M
-37.40M
-41.36M
-38.84M
Net Debt
407.30M
394.80M
392.45M
761.73M
742.70M
366.32M
724.92M
785.75M
778.63M
766.31M
389.33M
355.49M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-04Sale
Owner: Reinhard, Walter G
Title: -
Shares: 300
Price/Share: $55.21
Value: $16,563.00
Shares Owned: 6,051
Relationship: Director
Ownership: Direct
2026-02-27Purchase
Owner: Hoglund, Robert N
Title: -
Shares: 2,000
Price/Share: $54.31
Value: $108,620.00
Shares Owned: 2,000
Relationship: Director
Ownership: Direct
2026-02-25Sale
Owner: Capko, Robert John
Title: PAO & Controller
Shares: 134
Price/Share: $54.04
Value: $7,241.36
Shares Owned: -
Relationship: Officer
Ownership: Direct
2025-11-18Sale
Owner: Ginegaw, Lorrie Beth
Title: VP-HR
Shares: 650
Price/Share: $50.92
Value: $33,098.00
Shares Owned: 3,709
Relationship: Officer
Ownership: Direct
2025-05-28Sale
Owner: Reinhard, Walter G
Title: -
Shares: 702
Price/Share: $57.37
Value: $40,273.74
Shares Owned: -
Relationship: Director
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
71.46%
Inst. Shares: 13,252,819
Shares Outstanding: 18,545,000
2025-12-31
73.52%
Inst. Shares: 13,303,650
Shares Outstanding: 18,096,000
2025-09-30
69.04%
Inst. Shares: 12,511,791
Shares Outstanding: 18,123,000
2025-06-30
66.20%
Inst. Shares: 11,890,904
Shares Outstanding: 17,962,000
2025-03-31
67.96%
Inst. Shares: 12,158,415
Shares Outstanding: 17,890,000

MIDDLESEX WATER CO (MSEX) — SEC Financial Statements & Analysis

MIDDLESEX WATER CO (MSEX) is a water supply company, incorporated in NJ. MIDDLESEX WATER CO trades on Nasdaq, OTC as: MSEX, MSEXP. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), MIDDLESEX WATER CO reported a -12.93% year-over-year revenue growth, a Gross Profit Margin of 92.09% (TTM), a Debt-to-Equity ratio of 0.24x, a Price-to-Sales (P/S) ratio of 3.86x (TTM), a Price-to-Book (P/B) ratio of 1.91 (TTM), at a market cap of $958.57M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
-12.93%
Gross Profit Margin TTM
92.09%
Debt To Equity
0.24x
P/S TTM
3.86x
P/B TTM
1.91
Market Cap
$958.57M

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is MIDDLESEX WATER CO in?

MIDDLESEX WATER CO (MSEX) operates in the Water Supply industry.

What is MSEX's market cap?

MIDDLESEX WATER CO (MSEX) has a market capitalization of $958.57M as of 2026-03-31.

What is MSEX's P/E ratio?

MIDDLESEX WATER CO (MSEX)'s trailing twelve month P/E ratio is 21.80x as of 2026-03-31.

What exchange does MSEX trade on?

MIDDLESEX WATER CO (MSEX) trades on the Nasdaq, OTC.

Where is MIDDLESEX WATER CO incorporated?

MIDDLESEX WATER CO is incorporated in NJ.

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MIDDLESEX WATER CO (MSEX) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 90+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.