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Middlesex Water Company

Middlesex Water Company

MSEX · NASDAQ · Utilities / Utilities - Regulated Water

57.40USD+0.12 (+0.21%)

Price History

Full chart

Market Stats

Previous Close57.28
Open57.39
Day Range57.11 – 57.77
52-Week Range43.01 – 60.55
Volume153.80K
Market Cap988.36M
P/E (TTM)20.25
Forward P/E28.57
EPS2.59
Dividend Yield2.69%
Beta0.73
50-Day Avg57.10
200-Day Avg53.89

About

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

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Water
  • CEOMs. Nadine M. Duchemin-Leslie
  • Employees395
  • Headquarters485C Route 1 South, Iselin, NJ, United States, 08830, USA
  • Websitehttps://www.middlesexwater.com

Leadership

  • Ms. Nadine M. Duchemin-LesliePresident, CEO & Chairman of the Board · b. 1963
  • Mr. Mohammed G. ZerhouniCFO, Senior VP & Treasuer · b. 1976
  • Mr. Gregory SorensenVP & COO · b. 1971
  • Ms. Georgia M. SimpsonVP of Information Technology & CTO · b. 1975
  • Mr. Jay L. Kooper Esq.VP, General Counsel & Secretary · b. 1973
  • Ms. Tatyana KaplanVP & Chief Accounting Officer
  • Ms. Lorrie Beth GinegawVice President of Human Resources · b. 1975
  • Mr. Robert K. FullagarPresident of New Jersey Operations · b. 1968
  • Mr. Robert J. CapkoCorporate Controller · b. 1974
  • Mr. Bruce E. Patrick P.E.President of Tidewater Utilities, Inc · b. 1969

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue22.00M22.40M24.00M23.50M26.40M29.90M30.60M35.50M36.10M37.80M38.00M40.30M43.10M53.50M54.48M59.64M61.93M64.11M70.99M74.61M81.06M86.11M91.04M91.24M102.73M102.07M110.38M114.85M117.14M126.03M132.91M130.78M138.08M134.60M141.59M143.14M162.43M166.27M191.88M194.69M
Growth (%)-+1.82%+7.14%-2.08%+12.34%+13.26%+2.34%+16.01%+1.69%+4.71%+0.53%+6.05%+6.95%+24.13%+1.83%+9.47%+3.85%+3.52%+10.73%+5.10%+8.64%+6.23%+5.72%+0.23%+12.59%-0.65%+8.14%+4.05%+2.00%+7.59%+5.46%-1.60%+5.58%-2.52%+5.20%+1.09%+13.48%+2.36%+15.40%+1.47%
Cost of Revenue--------2.80M2.70M3.00M3.20M--37.20M39.38M40.63M44.01M48.21M50.94M52.68M55.90M59.10M62.52M66.89M68.12M60.46M60.75M59.13M65.17M65.53M64.67M71.57M67.98M70.80M73.67M79.10M83.11M92.36M118.40M
Gross Profit22.00M22.40M24.00M23.50M26.40M29.90M30.60M35.50M33.30M35.10M35.00M37.10M43.10M53.50M54.48M59.64M61.93M64.11M70.99M74.61M81.06M86.11M91.04M91.24M102.73M102.07M49.92M54.10M58.01M60.86M67.37M66.11M66.51M66.62M70.80M69.47M83.34M83.16M99.51M76.29M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%92.24%92.86%92.11%92.06%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%45.23%47.10%49.52%48.29%50.69%50.55%48.17%49.49%50.00%48.53%51.31%50.01%51.86%39.18%
Operating Expense0000000022.20M23.70M24.40M25.20M31.00M39.70M41.90M44.39M45.47M49.37M54.06M57.39M59.74M63.44M67.02M71.08M76.14M77.87M22.27M23.13M23.62M25.02M27.07M28.31M29.36M31.10M33.38M36.26M36.01M43.94M46.30M21.91M
Operating Income22.00M22.40M24.00M23.50M26.40M29.90M30.60M35.50M11.10M11.40M10.60M11.90M12.10M13.80M12.58M15.25M16.47M14.74M16.93M17.22M21.32M22.67M24.02M20.16M26.60M24.20M27.65M30.97M34.39M35.84M40.30M37.80M37.14M35.52M37.42M33.21M47.33M39.22M53.21M54.38M
Operating Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%30.75%30.16%27.89%29.53%28.07%25.79%23.08%25.58%26.59%22.99%23.85%23.08%26.30%26.33%26.38%22.10%25.89%23.71%25.05%26.97%29.36%28.44%30.32%28.90%26.90%26.39%26.43%23.20%29.14%23.59%27.73%27.93%
EBITDA22.00M22.40M24.00M23.50M26.40M29.90M30.60M35.50M14.10M14.30M13.60M15.00M15.90M18.10M17.52M20.56M21.90M20.37M23.32M24.38M29.08M94.29M33.85M31.10M37.03M35.96M39.25M42.60M45.86M48.84M52.68M53.56M54.55M52.10M58.62M63.31M80.20M72.72M92.06M94.43M
EBITDA Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%39.06%37.83%35.79%37.22%36.89%33.83%32.16%34.47%35.37%31.77%32.85%32.67%35.87%109.49%37.18%34.09%36.04%35.23%35.56%37.10%39.15%38.75%39.64%40.96%39.51%38.71%41.40%44.23%49.37%43.73%47.98%48.50%
Net Income3.20M3.20M3.60M3.00M3.50M4.10M4.40M5.50M5.50M5.70M5.20M5.90M6.50M7.90M5.31M6.95M7.77M6.63M8.45M8.48M10.04M11.84M12.21M9.98M14.33M13.45M14.40M16.63M18.45M20.03M22.74M22.81M32.45M33.89M38.42M36.54M42.43M31.52M44.35M42.82M
Net Income Margin14.55%14.29%15.00%12.77%13.26%13.71%14.38%15.49%15.24%15.08%13.68%14.64%15.08%14.77%9.74%11.66%12.54%10.34%11.90%11.36%12.38%13.75%13.41%10.93%13.95%13.17%13.04%14.48%15.75%15.89%17.11%17.44%23.50%25.18%27.14%25.53%26.12%18.96%23.11%21.99%
R&D-------------------------00000000-------
R&D as % of Total Revenue-------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense000000000000000000007.01B6.62M7.06M6.75M5.96M5.55M6.24M5.49M5.29M5.17M4.67M4.80M5.40M4.12M3.48M5.46M7.05M10.71M12.77M14.29M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%8650.78%7.69%7.75%7.40%5.80%5.44%5.65%4.78%4.52%4.11%3.52%3.67%3.91%3.06%2.46%3.82%4.34%6.44%6.65%7.34%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--------132.40M144.80M148.70M159.80M203.50M215.00M219.40M236.37M244.60M263.19M299.13M324.38M370.27M392.68M440.00M458.09M489.19M537.54M561.73M530.34M575.77M584.72M620.16M661.14M767.83M909.88M976.47M1.02B1.07B1.24B1.26B1.37B
Total Liabilities--------84.70M94.50M96.80M103.60M131.80M140.40M144.70M160.02M164.04M179.49M199.94M220.83M236.96M255.54M298.82M315.08M312.54M357.20M376.74M338.71M376.05M375.59M399.29M429.53M516.61M584.00M628.18M650.21M672.04M810.98M808.28M870.36M
Total Equity--------47.70M50.30M51.90M56.20M71.70M74.60M74.70M76.35M80.56M83.71M99.19M103.55M133.30M137.14M141.18M143.00M176.64M180.33M184.99M191.63M199.73M209.13M220.87M231.61M251.22M325.88M348.29M369.81M402.41M425.07M446.90M495.37M
Cash--------3.90M4.90M4.30M2.50M9.40M5.20M2.50M4.53M2.94M3.01M4.03M2.98M5.83M2.03M3.29M4.28M2.45M3.11M3.02M4.83M2.67M3.47M3.88M4.94M3.71M2.23M4.49M3.53M3.83M2.39M4.23M2.80M
Total Debt--------49.50M53.20M53.00M53.50M79.10M84.70M88.38M101.72M105.77M110.94M127.37M134.11M133.21M134.34M162.08M171.47M155.28M160.99M170.55M163.63M160.95M144.99M152.70M173.91M208.69M263.69M287.54M330.62M366.95M412.31M385.96M416.81M
Net Debt--------45.60M48.30M48.70M51.00M69.70M79.50M85.88M97.19M102.83M107.94M123.34M131.12M127.38M132.31M158.79M167.19M152.82M157.88M167.52M158.80M158.28M141.52M148.82M168.97M204.99M261.46M283.05M327.08M363.12M409.92M381.74M414.01M

Cash Flow

Currency: USD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.80M8.90M10.30M12.60M10.40M10.00M10.00M12.33M11.10M14.25M15.56M13.50M15.91M18.82M19.12M18.51M25.57M22.84M29.57M33.80M32.57M51.21M47.07M42.84M45.86M36.05M53.35M33.03M61.36M52.78M58.73M62.60M
Investing Cash Flow-7.20M-9.60M-7.70M-11.30M-28.60M-20.80M-14.64M-12.52M-16.61M-17.52M-39.22M-18.69M-33.21M-23.06M-30.93M-19.67M-31.39M-20.07M-22.31M-21.41M-21.84M-24.38M-47.38M-51.32M-72.09M-89.13M-105.62M-79.38M-88.21M-90.18M-74.62M-100.96M
Financing Cash Flow1.10M1.70M-3.20M-2.90M25.10M6.60M1.97M2.22M3.92M3.34M24.69M4.14M20.15M445.00K13.07M2.16M4.00M-2.12M-7.34M-10.58M-12.89M-26.03M714.00K9.54M25.49M93.91M16.17M39.48M27.15M35.96M17.73M38.61M
Capital Expenditure6.00M9.00M6.20M10.20M26.30M23.30M13.64M12.75M16.49M19.57M29.86M25.29M30.36M21.93M28.43M20.13M29.60M23.56M21.58M20.08M22.60M25.77M47.38M50.30M72.09M89.13M105.62M79.38M91.33M90.18M74.62M96.35M
Free Cash Flow2.80M-100.00K4.10M2.40M-15.90M-13.30M-3.64M-413.55K-5.39M-5.33M-14.30M-11.79M-14.45M-3.11M-9.31M-1.62M-4.04M-726.00K7.99M13.72M9.97M25.44M-304.00K-7.46M-26.23M-53.07M-52.26M-46.35M-29.97M-37.40M-15.89M-33.76M
Dividends Paid4.40M4.60M4.80M5.00M5.30M6.20M6.40M6.56M6.77M7.05M7.63M7.94M8.44M9.39M9.57M9.79M10.72M11.64M11.88M12.13M12.38M12.70M13.28M14.15M15.07M16.30M18.30M19.49M20.93M22.56M23.52M24.92M
FCF to OCF31.82%-1.12%39.81%19.05%-152.88%-133.00%-36.45%-3.35%-48.58%-37.38%-91.92%-87.36%-90.86%-16.54%-48.72%-8.76%-15.80%-3.18%27.03%40.60%30.63%49.67%-0.65%-17.41%-57.19%-147.21%-97.96%-140.34%-48.85%-70.85%-27.06%-53.93%
Dividend Paid to FCF157.14%-4600.00%117.07%208.33%-33.33%-46.62%-175.76%-1586.02%-125.48%-132.30%-53.36%-67.36%-58.38%-301.70%-102.77%-603.58%-265.34%-1603.72%148.67%88.40%124.13%49.91%-4368.75%-189.68%-57.47%-30.71%-35.01%-42.06%-69.83%-60.33%-147.98%-73.83%

Earnings

Report DateJul 23, 1993Oct 29, 1993Jan 28, 1994Apr 29, 1994Jul 26, 1994Oct 27, 1994Jan 30, 1995May 1, 1995Jul 28, 1995Oct 27, 1995Jan 26, 1996Mar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Dec 31, 1999May 25, 2000Aug 1, 2000Oct 31, 2000Jan 31, 2001Apr 30, 2001Jul 31, 2001Oct 29, 2001Jan 28, 2002May 6, 2002Aug 2, 2002Oct 28, 2002Jan 31, 2003Apr 30, 2003Jul 30, 2003Oct 31, 2003Feb 3, 2004Apr 28, 2004Jul 30, 2004Oct 28, 2004Mar 7, 2005May 5, 2005Aug 9, 2005Nov 9, 2005Mar 16, 2006May 8, 2006Aug 4, 2006Oct 27, 2006Mar 14, 2007May 8, 2007Aug 7, 2007Nov 2, 2007Mar 7, 2008May 6, 2008Aug 6, 2008Nov 6, 2008Mar 12, 2009May 12, 2009Aug 6, 2009Oct 30, 2009Mar 8, 2010May 6, 2010Jul 30, 2010Nov 3, 2010Mar 9, 2011May 6, 2011Aug 4, 2011Nov 4, 2011Mar 8, 2012May 4, 2012Aug 2, 2012Oct 25, 2012Mar 7, 2013May 6, 2013Aug 2, 2013Nov 6, 2013Mar 5, 2014May 2, 2014Aug 4, 2014Nov 6, 2014Mar 5, 2015May 1, 2015Aug 3, 2015Nov 3, 2015Mar 4, 2016May 3, 2016Aug 2, 2016Oct 26, 2016Mar 3, 2017May 4, 2017Aug 1, 2017Nov 2, 2017Mar 9, 2018May 7, 2018Aug 2, 2018Nov 2, 2018Mar 8, 2019May 6, 2019Jul 31, 2019Nov 1, 2019Feb 27, 2020May 5, 2020Jul 31, 2020Oct 30, 2020Feb 25, 2021May 5, 2021Jul 30, 2021Oct 29, 2021Feb 25, 2022Apr 29, 2022Jul 29, 2022Oct 28, 2022Feb 24, 2023May 1, 2023Jul 28, 2023Nov 9, 2023Feb 29, 2024May 8, 2024Jul 31, 2024Oct 31, 2024Feb 26, 2025May 1, 2025Jul 31, 2025Oct 31, 2025Feb 26, 2026Apr 30, 2026Jul 30, 2026Oct 30, 2026
EPS Estimate0.180.190.140.140.180.230.130.140.170.200.15--------0.130.240.330.140.130.160.160.230.110.220.230.120.110.200.260.160.110.240.270.140.120.190.300.180.120.160.260.160.160.250.300.160.140.280.330.200.140.230.300.110.070.260.380.150.110.280.350.180.160.230.340.180.170.310.360.150.160.290.390.28--0.42--0.29-0.290.310.380.550.330.270.380.650.420.310.550.720.410.380.510.700.430.460.580.800.520.520.710.880.540.470.600.870.520.450.640.680.360.570.670.850.470.590.700.83
EPS Actual0.170.230.130.140.190.200.140.140.180.230.130.140.170.250.160.140.250.270.100.090.130.140.140.080.180.230.170.110.180.240.190.110.170.220.110.090.160.290.190.120.160.260.170.150.250.280.140.130.240.310.190.150.260.350.130.100.210.290.120.110.310.360.160.170.230.320.120.110.230.380.170.200.280.360.190.200.290.420.220.220.310.410.280.290.360.540.190.270.330.460.320.270.520.740.430.390.490.660.470.440.550.720.470.390.620.650.410.400.500.800.400.330.550.560.320.590.590.800.490.530.600.770.460.570.79-
Surprise-5.56%21.05%-7.14%0.00%5.56%-13.04%7.69%0.00%5.88%15.00%-13.33%---------30.77%-45.83%-57.58%0.00%-38.46%12.50%43.75%-26.09%0.00%-18.18%4.35%58.33%0.00%-15.00%-15.38%-31.25%-18.18%-33.33%7.41%35.71%0.00%-15.79%-13.33%-5.56%25.00%56.25%7.69%-12.50%-18.75%-4.00%3.33%18.75%7.14%-7.14%6.06%-35.00%-28.57%-8.70%-3.33%9.09%57.14%19.23%-5.26%6.67%54.55%-17.86%-8.57%-33.33%-31.25%0.00%11.76%-5.56%17.65%-9.68%0.00%26.67%25.00%0.00%7.69%-21.43%---2.38%--23.97%--34.48%-12.90%-13.16%-16.36%-3.03%0.00%36.84%13.85%2.38%25.81%-10.91%-8.33%14.63%15.79%7.84%2.86%9.30%-15.22%6.90%-18.75%-21.15%-23.08%-29.58%-9.09%-25.93%-29.79%-8.33%-35.63%-38.46%31.11%-7.81%17.65%36.11%-7.02%-10.45%-9.41%-1.08%-3.39%12.86%-
Timing----------------------------Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap988.36M
Enterprise Value1.45B
Trailing P/E20.25
Forward P/E28.57
PEG Ratio18.45
Price / Sales4.79
Price / Book1.94
EPS2.59
Book Value27.65
Revenue (TTM)206.14M
Gross Profit (TTM)110.61M
EBITDA97.04M
Profit Margin23.26%
Operating Margin34.40%
Return on Equity9.77%
Return on Assets2.96%
Shares Outstanding18.84M
Shares Float18.33M
Beta0.73
Dividend Yield2.69%
Dividend Rate1.44
Payout Ratio55.60%

Analyst Ratings

Hold
Based on 3 analystsTarget 61.00
  • Strong Buy
    1
  • Hold
    1
  • Sell
    1

Ownership Breakdown

Institutions
88.57%
Insiders
2.33%
Retail / Other
9.10%

Top Institutional Holders

  • BlackRock Inc
    3.02M16.01%
  • T. Rowe Price Investment Management,Inc.
    1.74M9.24%
  • Neuberger Berman Group LLC
    1.55M8.22%
  • Morgan Stanley - Brokerage Accounts
    1.11M5.88%
  • Vanguard Capital Management, LLC
    827.95K4.39%
  • State Street Corp
    744.06K3.95%
  • Vanguard Portfolio Management, LLC
    488.07K2.59%
  • Geode Capital Management, LLC
    469.92K2.49%
  • Legal & General Group PLC
    405.85K2.15%
  • Dimensional Fund Advisors, Inc.
    348.43K1.85%
  • Amvescap Plc.
    290.63K1.54%
  • Ledgewood Wealth Advisors, LLC
    254.02K1.35%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.14M6.04%
  • Neuberger Genesis Inv
    961.79K5.10%
  • Vanguard MStar Total Stk Mkt Idx Invest
    573.72K3.04%
  • T. Rowe Price Small-Cap Value
    510.02K2.71%
  • iShares Russell 2000 ETF
    466.30K2.47%
  • T. Rowe Price Small-Cap Stock
    382.96K2.03%
  • iShares Global Water ETF USD Dist
    276.48K1.47%
  • L&G Clean Water ETF
    258.46K1.37%