MSEX
Middlesex Water Company
$52.11
+0.36
(+0.70%)
Mkt Cap
970.51M
Volume
164,345
52W Range
44.17-62.18
Sector
Utilities
Beta
0.78
EPS (TTM)
2.42
P/E Ratio
21.53
Revenue (TTM)
199.11M
Rev Growth (5Y)
+6.6%
EPS Growth (5Y)
+1.5%
AlphaVal · Fair Value
$37.76
Overvalued · Moderate
38.0% above fair value
AlphaQuality · Grade
C-
Stable Earnings Power
44.7 / 100 composite
Company Description
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. 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. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 194.69M | 191.88M | 166.27M | 162.43M | 143.14M | 141.59M | 134.60M | 138.08M | 130.78M | 132.91M | 126.03M | 117.14M |
| Net Income | 42.82M | 44.35M | 31.52M | 42.43M | 36.54M | 38.42M | 33.89M | 32.45M | 22.81M | 22.74M | 20.03M | 18.45M |
| EPS | 2.36 | 2.48 | 1.77 | 2.40 | 2.08 | 2.19 | 2.02 | 1.98 | 1.39 | 1.39 | 1.23 | 1.14 |
| Free Cash Flow | (33.76M) | (15.89M) | (37.40M) | (29.97M) | (46.35M) | (52.26M) | (53.07M) | (26.23M) | (7.46M) | (304,000) | N/A | N/A |
| FCF / Share | -1.86 | -0.89 | -2.11 | -1.70 | -2.65 | -2.99 | -3.18 | -1.60 | -0.46 | -0.02 | N/A | N/A |
| Operating CF | 62.60M | 58.73M | 52.78M | 61.36M | 33.03M | 53.35M | 36.05M | 45.86M | 42.84M | 47.07M | N/A | N/A |
| Total Assets | 1.37B | 1.26B | 1.24B | 1.07B | 1.02B | 976.47M | 909.88M | 767.83M | 661.14M | 620.16M | N/A | N/A |
| Total Debt | 419.25M | 385.96M | 412.31M | 366.95M | 330.62M | 287.54M | 263.69M | 208.69M | 173.91M | 152.70M | N/A | N/A |
| Cash & Equiv | 2.80M | 4.23M | 2.39M | 3.83M | 3.53M | 4.49M | 2.23M | 3.71M | 4.94M | 3.88M | N/A | N/A |
| Book Value | 494.03M | 446.90M | 425.07M | 402.41M | 369.81M | 348.29M | 325.88M | 251.22M | 231.61M | 220.87M | N/A | N/A |
| Return on Equity | 0.09 | 0.10 | 0.07 | 0.11 | 0.10 | 0.11 | 0.10 | 0.13 | 0.10 | 0.10 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48.71M | 46.98M | 54.09M | 49.32M | 44.30M | 47.11M | 55.10M | 49.15M | 40.52M | 38.60M | 46.72M | 42.80M |
| Net Income | 10.61M | 8.61M | 13.96M | 10.78M | 9.48M | 8.80M | 14.32M | 10.55M | 10.68M | 5.76M | 9.99M | 9.90M |
| EPS | 0.58 | 0.47 | 0.77 | 0.60 | 0.53 | -1.99 | 0.80 | 0.59 | 0.60 | 0.32 | 0.56 | 0.56 |
| Free Cash Flow | (8.91M) | (6.25M) | (6.86M) | 37.22M | (5.13M) | (3.75M) | 48.19M | (3.12M) | (7.74M) | (4.31M) | (11.74M) | (12.80M) |
| FCF / Share | -0.48 | -0.34 | -0.38 | 2.07 | -0.29 | -0.21 | 2.70 | -0.18 | -0.43 | -0.24 | -0.66 | -0.72 |
| Operating CF | 11.73M | 18.46M | 12.05M | 18.30M | 13.78M | 21.39M | 19.46M | 11.23M | 6.65M | 12.80M | 10.70M | 13.32M |
| Total Assets | 1.39B | 1.37B | 1.34B | 1.32B | 1.28B | 1.26B | 1.23B | 1.27B | 1.25B | 1.24B | 1.24B | 1.13B |
| Total Debt | 428.00M | 419.25M | 415.36M | 416.63M | 395.25M | 385.96M | 380.12M | 439.54M | 426.30M | 412.31M | 407.19M | 394.79M |
| Cash & Equiv | 2.04M | 2.80M | 3.38M | 2.56M | 2.66M | 4.23M | 6.34M | 8.03M | 2.85M | 2.39M | 2.97M | 4.38M |
| Book Value | 501.05M | 495.37M | 482.55M | 459.13M | 449.05M | 446.90M | 443.82M | 434.96M | 429.78M | 425.07M | 421.67M | 413.56M |
| Return on Equity | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
MSEX News
Middlesex Water Company Reports First Quarter 2026 Earnings
Middlesex Water Company Declares Quarterly Cash Dividend
Middlesex Water Company Declares Quarterly Cash Dividend
Middlesex Water Company Appoints Tatyana Kaplan as Vice President and Chief Accounting Officer
Is Middlesex Water Stock a Buy After a Director Purchased 2,000 Shares?
Tidewater Utilities Announces Customer Bill Credit Using PFAS Litigation Proceeds
CenterBook Partners LP Reduces Holdings in Middlesex Water Company $MSEX
Middlesex Water Company Reports 2025 Earnings
Middlesex Water Company to Report 2025 Earnings on February 19
Middlesex Water Subsidiary Finalizes Pinewood Acres Water System Acquisition