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Middlesex Water Company

Utilities US MSEX

51.93USD
-0.78(1.48%)

Last update at 2026-06-03T20:00:00Z

Day Range

51.7653.11
LowHigh

52 Week Range

45.1682.67
LowHigh

Fundamentals

  • Previous Close 52.71
  • Market Cap911.75M
  • Volume135943
  • P/E Ratio26.64
  • Dividend Yield2.41%
  • EBITDA73.03M
  • Revenue TTM168.64M
  • Revenue Per Share TTM9.49
  • Gross Profit TTM 83.34M
  • Diluted EPS TTM1.92

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 45.67M 31.05M 34.31M 30.75M 33.38M
Minority interest - - - - -
Net income 42.43M 36.54M 38.42M 33.89M 32.45M
Selling general administrative 97.30M 88.82M 85.70M 82.36M 85.90M
Selling and marketing expenses - - - - -
Gross profit 83.34M 69.47M 70.80M 66.62M 66.51M
Reconciled depreciation 27.48M 21.11M 20.84M 17.23M 15.78M
Ebit 47.33M 33.21M 37.42M 35.52M 38.77M
Ebitda 72.83M 57.62M 62.64M 51.58M 53.81M
Depreciation and amortization 25.50M 24.41M 25.22M 16.06M 15.04M
Non operating income net other 7.70M 5.96M 4.38M 2.49M 2.99M
Operating income 47.33M 33.21M 37.42M 35.52M 37.14M
Other operating expenses 118.02M 109.93M 100.16M 99.08M 100.94M
Interest expense 9.37M 8.11M 7.49M 7.26M 5.40M
Tax provision 3.24M -5.48800M -4.11900M -3.14000M 0.92M
Interest income - - - 7.26M 6.76M
Net interest income -9.36700M -8.11400M -7.49300M -7.26400M -6.75800M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 3.24M -5.48800M -4.11900M -3.14000M 0.92M
Total revenue 162.43M 143.14M 141.59M 134.60M 138.08M
Total operating expenses 38.92M 36.26M 29.36M 31.10M 29.36M
Cost of revenue 79.10M 73.67M 70.80M 67.98M 71.57M
Total other income expense net -1.66400M -2.15600M -3.11400M -4.77200M 1.63M
Discontinued operations - - - - -
Net income from continuing ops 42.43M 36.54M 38.42M 33.89M 32.45M
Net income applicable to common shares 42.31M 36.42M 38.30M 33.76M 32.31M
Preferred stock and other adjustments 0.12M 0.12M 0.12M 0.13M 0.14M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1236.05M 1074.45M 1020.01M 976.47M 909.88M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 1.83M 2.62M 2.88M 2.89M 2.37M
Total liab 810.98M 672.04M 650.21M 628.18M 584.00M
Total stockholder equity 425.07M 402.41M 369.81M 348.29M 325.88M
Deferred long term liab - 92.85M 104.28M 123.34M 112.53M
Other current liab 23.73M 18.68M 14.43M 15.89M 13.29M
Common stock 246.76M 233.05M 221.92M 217.45M 215.12M
Capital stock 248.85M 235.14M 224.00M 219.53M 217.21M
Retained earnings 176.23M 167.27M 145.81M 128.76M 108.67M
Other liab - 260.19M 282.70M 293.04M 282.51M
Good will - - - - -
Other assets 0.00000M 0.03M 104.36M 942.35M 158.70M
Cash 2.39M 3.83M 3.53M 4.49M 2.23M
Cash and equivalents - - - - -
Total current liabilities 103.83M 117.86M 56.62M 56.85M 64.98M
Current deferred revenue 1.39M 1.36M 1.33M 1.25M 1.21M
Net debt 409.92M 363.12M 327.08M 283.05M 261.46M
Short term debt 51.09M 72.96M 19.73M 9.26M 27.18M
Short long term debt 50.49M 72.96M 19.73M 9.26M 27.18M
Short long term debt total 412.31M 366.95M 330.62M 287.54M 263.69M
Other stockholder equity 246.76M - -2.08400M 2.08M 170.22M
Property plant equipment - 935.58M 881.30M 813.01M 722.04M
Total current assets 108.54M 37.31M 34.35M 34.12M 29.13M
Long term investments - - - - -
Net tangible assets - 400.33M 367.73M 346.21M 323.79M
Short term investments - - - - -
Net receivables 97.34M 24.68M 22.58M 21.63M 19.09M
Long term debt 358.15M 290.28M 306.52M 273.24M 230.78M
Inventory 6.97M 6.18M 5.36M 5.11M 5.45M
Accounts payable 27.62M 24.85M 21.12M 30.44M 23.31M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -246.76400M - - - -170.22000M
Additional paid in capital - - - - -
Common stock total equity - 233.05M 221.92M 217.45M 215.12M
Preferred stock total equity - 2.08M 2.08M 2.08M 2.08M
Retained earnings total equity - 167.27M 145.81M 128.76M 108.67M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 25.73M 34.98M 46.29M 79.24M 114.66M
Deferred long term asset charges - - - - -
Non current assets total 1127.52M 1037.12M 985.66M 942.35M 880.75M
Capital lease obligations 3.06M 3.71M 4.37M 5.04M 5.73M
Long term debt total - 290.28M 306.52M 273.24M 230.78M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -98.47000M 0.93M 1.15M 1.51M 1.15M
Change to liabilities - 3.58M -13.55600M 8.41M -2.80900M
Total cashflows from investing activities - -88.21300M -79.37800M -105.61900M -89.12500M
Net borrowings - 37.12M 43.91M 24.70M 42.35M
Total cash from financing activities 35.96M 27.15M 39.48M 16.17M 93.91M
Change to operating activities - -3.00700M -7.06600M 1.91M 0.77M
Net income 31.52M 42.43M 36.54M 38.42M 33.89M
Change in cash -1.43800M 0.29M -6.87100M -36.09500M 40.84M
Begin period cash flow 3.83M 3.53M 10.40M 46.50M 5.66M
End period cash flow 2.39M 3.83M 3.53M 10.40M 46.50M
Total cash from operating activities 52.78M 61.36M 33.03M 53.35M 36.05M
Issuance of capital stock 9.30M 10.34M 3.84M 1.23M 56.78M
Depreciation 29.44M 27.48M 26.80M 20.84M 17.23M
Other cashflows from investing activities - 3.12M - - -
Dividends paid 22.56M 20.93M 19.49M 18.30M 16.30M
Change to inventory -0.79500M -0.81900M -0.24600M 0.33M -0.03400M
Change to account receivables -2.79200M -0.70700M -0.74200M -2.66100M -0.14600M
Sale purchase of stock 90.94M 10.34M 97.59M 32.32M 57.55M
Other cashflows from financing activities 0.95M 45.16M 10.23M 8.39M 3.22M
Change to netincome - -9.92200M -11.29200M -15.28800M -13.33100M
Capital expenditures 90.18M 91.33M 79.38M 105.62M 89.12M
Change receivables - -0.70700M -0.74200M -2.66100M -0.14600M
Cash flows other operating - -0.67600M -4.47800M 3.29M 1.25M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 0.29M -6.87100M -36.09500M 40.84M
Change in working capital -3.04100M 1.38M -19.02200M 9.38M -1.73600M
Stock based compensation 2.21M 1.63M 1.34M 1.10M 0.64M
Other non cash items -1.75800M -6.21800M -1.64100M -2.89400M -2.24900M
Free cash flow -37.39700M -29.97400M -46.35000M -52.26400M -53.07200M

Peer Comparison

Sector: Utilities Industry: Utilities - Regulated Water

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MSEX
Middlesex Water Company		 -0.78 1.48% 51.93 26.64 20.62 5.04 1.98 7.51 17.18
AWK
American Water Works		 0.13 0.11% 123.81 23.21 21.98 5.02 2.40 8.14 14.28
WTRG
Essential Utilities Inc		 -0.04 0.11% 37.00 17.43 18.55 4.83 1.69 8.26 14.67
SBS
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR		 -0.13 2.35% 5.40 14.15 9.14 0.43 1.66 0.57 1.61
STRNY
Severn Trent PLC PK		 0.18 0.45% 39.99 63.51 19.92 4.38 9.15 8.76 19.74

Reports Covered

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Profile

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

Middlesex Water Company

485C Route 1 South, Iselin, NJ, United States, 08830

Key Executives

Name Title Year Born
Mr. Dennis W. Doll CPA Chairman, Pres & CEO 1959
Mr. A. Bruce O'Connor CPA, CPA Sr. VP, Treasurer & CFO 1959
Mr. Jay L. Kooper Esq. VP, Gen. Counsel & Sec. 1973
Ms. Lorrie Beth Ginegaw VP of HR 1975
Mr. Robert K. Fullagar VP of Operations NA
Ms. Georgia M. Simpson VP of Information Technology & CTO NA
Ms. Nadine Leslie President, CEO & Director 1964
Mr. A. Bruce O'Connor CPA Senior VP, Treasurer & CFO 1959
Mr. Robert K. Fullagar Vice President of Operations 1968
Ms. Georgia M. Simpson VP of Information Technology & CTO 1975

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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