MSEX · XBRL financial data

Middlesex Water Company financial statements, every quarter

The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MSEX's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	39	41	49	55	47	44	49	54	47*	49	56	60
Total operating expenses	30*	31	34	38	37*	33	35	36	36*	36	38	38
Operating income (loss)	8	10	15	18	11	12	14	18	11*	13	18	22
Interest expense	4*	3	4	3	3*	3	4	4	4*	3	4	4
Other income (expense)	1*	5	2	2	2*	1	1	1	2*	1	2	2
Income tax expense (benefit)	(0)*	1	3	2	1*	1	1	1	1*	1	2	2
Net income (loss)	6	11	11	14	9	9	11	14	9*	11	15	18
Earnings per share, basic USD per share	0.32	0.60	0.59	0.80	0.49	0.53	0.60	0.77	0.47*	0.57	0.79	0.95
Earnings per share, diluted USD per share	0.32	0.59	0.59	0.80	0.49	0.53	0.60	0.77	0.47*	0.57	0.79	0.95
Weighted average shares, basic millions of shares	—	18	18	18	18*	18	18	18	18*	19	19	19
Weighted average shares, diluted millions of shares	—	18	18	18	18*	18	18	18	18*	19	19	19

Fiscal quarters (MSEX's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	2	3	8	6	4	3	3	3	3	2	2	2
Accounts receivable	18	16	20	23	19	20	21	23	19	19	21	24
Total current assets	109	111	121	52	43	46	50	50	42	47	52	55
Right-of-use asset	3	3	3	3	3	2	2	2	2	2	2	2
Total assets	1,236	1,250	1,275	1,230	1,255	1,279	1,316	1,342	1,366	1,386	1,423	1,458
Accounts payable	28	23	25	32	28	32	31	28	31	29	31	34
Accrued liabilities	3	3	3	2	3	2	3	3	3	3	3	3
Current portion of long-term debt	8	364	363	359	359	358	358	8	8	8	8	7
Total current liabilities	104	117	135	80	83	101	121	118	94	120	105	109
Long-term debt	358	357	356	352	353	351	351	350	379	372	396	392
Lease liability, non-current	3	3	3	3	2	2	2	2	2	2	1	1
Retained earnings	176	181	186	194	197	200	205	213	215	219	227	238
Total stockholders' equity	423	428	433	442	445	449	458	483	494	501	521	548
Total liabilities and equity	1,236	1,250	1,275	1,230	1,255	1,279	1,316	1,342	1,366	1,386	1,423	1,458
Common shares outstanding (cover page) millions of shares	18	18	18	18	18	18	18	18	19	19	19	19

Fiscal quarters (MSEX's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	6	11	11	14	9	9	11	14	9*	11	15	18
Stock-based compensation	0*	(0)	2*	0*	0*	0	1*	0*	0*	0	1*	0*
Depreciation and amortization	7*	6	—	—	—	—	—	—	—	—	—	—
Net cash from operating activities	13*	7	11*	19*	21*	14	18*	12*	18*	12	16*	23*
Purchases of property and equipment	17*	14	14*	21*	25*	—	—	—	—	—	—	—
Net cash from investing activities	(17)*	(14)	(14)*	(21)*	(25)*	(19)	(36)*	(21)*	(25)*	(21)	(33)*	(30)*
Proceeds from issuing common stock	3*	0	0*	0*	0*	0	4*	17*	9*	3	12*	15*
Share repurchases	0*	1	0*	0*	0*	0	0*	—	—	—	—	—
Dividends paid	6*	6	6*	6*	6*	6	6*	6*	7*	7	7*	7*
Proceeds from long-term debt	5*	0	0*	0*	2*	0	1*	3*	30*	1	25*	0*
Repayments of long-term debt	1*	2	1*	4*	1*	2	1*	4*	1*	9	1*	4*
Net cash from financing activities	4*	8	8*	(0)*	2*	4	20*	10*	6*	8	16*	7*

SIC 4941 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4941 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Middlesex Water	1.7	60	23*	19.1M	Q3 FY26 10-QSep 30, 2026
California Water Service Group	45	331	149*	62.9M	Q3 FY26 10-QSep 30, 2026
H2o America	573	253	80*	48.3M	Q3 FY26 10-QSep 30, 2026
Artesian Resources	9.8	31	10*	not reported	Q2 FY26 10-QJun 30, 2026
York Water	0.6	24	12*	16.2M	Q2 FY26 10-QJun 30, 2026
Consolidated Water	133	33	12*	16.0M	Q2 FY26 10-QJun 30, 2026
American States Water	22	181	45*	39.6M	Q2 FY26 10-QJun 30, 2026
Pure Cycle	8.4	8.2	3.5*	24.1M	Q3 FY26 10-QMay 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.