Middlesex Water Company (MSEX) — Financial statements
Income statement, balance sheet, and cash flow for Middlesex Water Company — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 195↑1.5% | 192↑15.4% | 166↑2.4% | 162↑13.5% | 143 | |
| Cost of Revenue | 118↑28.2% | 92↑11.1% | 83↑5.1% | 79↑7.4% | 74 | |
| Gross Profit | 76↓23.3% | 100↑19.7% | 83↓0.2% | 83↑20.0% | 69 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 22↓52.7% | 46↑5.4% | 44↑22.0% | 36↓0.7% | 36 | |
| Operating Expenses | 22↓52.7% | 46↑5.4% | 44↑22.0% | 36↓0.7% | 36 | |
| Total Costs & Expenses | 140↑1.2% | 139↑9.1% | 127↑10.4% | 115↑4.7% | 110 | |
| Operating Results | ||||||
| Operating Income | 54↑2.2% | 53↑35.7% | 39↓17.1% | 47↑42.5% | 33 | |
| Depreciation & Amortization | 32↑15.9% | 28↓4.8% | 29↑7.2% | 27↑2.5% | 27 | |
| EBITDA | 94↑2.6% | 92↑26.6% | 73↓9.3% | 80↑26.7% | 63 | |
| EBIT | 62↓3.3% | 64↑47.9% | 43↓17.9% | 53↑44.4% | 37 | |
| Interest & Other Income | ||||||
| Net Interest Income | -14↓12.0% | -13↓19.2% | -11↓51.9% | -7↓29.2% | -5 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 14↑12.0% | 13↑19.2% | 11↑51.9% | 7↑29.2% | 5 | |
| Non-Operating Income | -8↑30.1% | -11↓166.9% | -4↑24.8% | -5↓63.1% | -3 | |
| Other Income / Expenses | -7↓244.6% | -2↑70.7% | -7↓300.1% | -2↑22.8% | -2 | |
| Income Before Tax | 48↓7.0% | 51↑57.4% | 33↓28.7% | 46↑47.1% | 31 | |
| Income Tax Expense | 5↓30.2% | 7↑563.3% | 1↓67.9% | 3↑159.0% | -5 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 43↓3.4% | 44↑40.7% | 32↓25.7% | 42↑16.1% | 37 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 43↓3.4% | 44↑40.7% | 32↓25.7% | 42↑16.1% | 37 | |
| Bottom-Line Net Income | 43↓3.6% | 44↑41.1% | 31↓25.6% | 42↑16.2% | 36 | |
| EPS (Basic) | 2.36↓4.8% | 2.48↑40.1% | 1.77↓26.2% | 2.40↑15.4% | 2.08 | |
| EPS (Diluted) | 2.36↓4.5% | 2.47↑40.3% | 1.76↓26.4% | 2.39↑15.5% | 2.07 | |
| Weighted Average Shares | 18↑1.6% | 18↑0.5% | 18↑0.8% | 18↑0.6% | 17 | |
| Weighted Average Diluted Shares | 18↑1.2% | 18↑0.6% | 18↑0.8% | 18↑0.6% | 18 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.