Middlesex Water Financial Statements
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Middlesex Water revenue and earnings
In fiscal 2025, Middlesex Water generated $194.7 million in revenue, up 1.5% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $42.8 million (-3.4% year over year), for a net margin of 22.0% versus a median of 25.6% in the prior 5 years. Operating margin was 27.9%.
Diluted earnings per share came in at $2.36, down from $2.47. Over the last 5 fiscal years, MSEX's revenue has grown at a 6.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Middlesex Water income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 194.69M | 191.88M | 166.27M | 162.29M | 142.99M | 141.45M | 134.46M | 137.94M | 130.63M | 132.74M |
| Revenue growth (YoY) | +1.47% | +15.40% | +2.45% | +13.50% | +1.09% | +5.20% | -2.52% | +5.59% | -1.59% | +5.33% |
| Operating Expenses | 140.32M | 138.67M | 127.05M | 120.33M | 109.93M | 104.17M | 99.08M | 100.94M | 92.98M | 92.60M |
| Operating Income | 54.38M | 53.21M | 39.22M | 47.33M | 33.21M | 37.42M | 35.52M | 37.14M | 37.80M | 40.30M |
| Interest Expense | 14.29M | 14.02M | 13.14M | 9.37M | 8.11M | 7.49M | 7.26M | 6.76M | 5.51M | 5.29M |
| Other Income (Expense) | 7.56M | 12.07M | 6.49M | 7.70M | 5.96M | 4.38M | 2.49M | 2.99M | 1.62M | -532.00K |
| Pretax Income | 47.64M | 51.26M | 32.56M | 45.67M | 31.05M | 34.31M | 30.75M | 33.38M | 33.91M | 34.48M |
| Income Tax | 4.82M | 6.91M | 1.04M | 3.24M | -5.49M | -4.12M | -3.14M | 924.00K | 11.10M | 11.73M |
| Net Income | 42.82M | 44.35M | 31.52M | 42.43M | 36.54M | 38.42M | 33.89M | 32.45M | 22.81M | 22.74M |
| Net Income growth (YoY) | -3.45% | +40.69% | -25.70% | +16.11% | -4.90% | +13.39% | +4.42% | +42.28% | +0.29% | +13.55% |
| EPS (Basic) | 2.36 | 2.48 | 1.77 | 2.40 | 2.08 | 2.19 | 2.02 | 1.97 | 1.39 | 1.39 |
| EPS (Diluted) | 2.36 | 2.47 | 1.76 | 2.39 | 2.07 | 2.18 | 2.01 | 1.96 | 1.38 | 1.38 |
| Shares Outstanding (Basic) | 18.10M | 17.84M | 17.73M | 17.60M | 17.49K | 17.46K | 16.68M | 16.38K | 16.33M | 16.27M |
| Shares Outstanding (Diluted) | 18.14M | 17.95M | 17.85M | 17.71M | 17.61K | 17.57K | 16.83M | 16.54K | 16.49M | 16.43M |
| EBITDA | 86.87M | 81.25M | 68.67M | 74.81M | 60.01M | 58.26M | 52.75M | 52.92M | 52.64M | 53.83M |
| Operating Margin | 27.93% | 27.73% | 23.59% | 29.17% | 23.23% | 26.45% | 26.42% | 26.93% | 28.93% | 30.36% |
| Net Margin | 21.99% | 23.11% | 18.96% | 26.14% | 25.56% | 27.17% | 25.20% | 23.53% | 17.46% | 17.13% |
This table shows 10 annual periods of Middlesex Water's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow MSEX's reporting calendar. What is a income statement?