MIDDLESEX WATER COMSEXEarnings & Financial Report
Nasdaq
Middlesex Water Company is a water utility based in the U.S. state of New Jersey that was first incorporated in 1897. The company declared an annual net income of $33.8M, with a revenue of $135.5M for fiscal year 2019.
MSEX Q3 2025 Key Financial Metrics
Revenue
$54.1M
Gross Profit
N/A
Operating Profit
$17.7M
Net Profit
$14.0M
Gross Margin
N/A
Operating Margin
32.7%
Net Margin
25.8%
YoY Growth
-1.8%
EPS
$0.77
Financial Flow
MIDDLESEX WATER CO Q3 2025 Financial Summary
MIDDLESEX WATER CO reported revenue of $54.1M for Q3 2025, with a net profit of $14.0M (25.8% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $54.1M |
|---|---|
| Net Profit | $14.0M |
| Gross Margin | N/A |
| Operating Margin | 32.7% |
| Report Period | Q3 2025 |
MIDDLESEX WATER CO Annual Revenue by Year
MIDDLESEX WATER CO annual revenue history includes year-by-year totals (for example, 2024 revenue was $191.9M).
| Year | Annual Revenue |
|---|---|
| 2024 | $191.9M |
| 2023 | $166.3M |
| 2022 | $162.3M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.6M | $40.5M | $49.1M | $55.1M | $47.1M | $44.3M | $49.3M | $54.1M |
| YoY Growth | -0.5% | 6.2% | 14.8% | 17.9% | 22.0% | 9.2% | 0.3% | -1.8% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.24B | $1.25B | $1.27B | $1.23B | $1.26B | $1.28B | $1.32B | $1.34B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $423.0M | $427.7M | $432.9M | $441.9M | $445.3M | $449.0M | $457.8M | $482.5M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $12.8M | $6.7M | $11.2M | $19.5M | $21.4M | $13.8M | $18.3M | $12.0M |