MSEX
Income statement / Annual
Last year (2024), Middlesex Water Company's total revenue was $191.88 M,
an increase of 15.40% from the previous year.
In 2024, Middlesex Water Company's net income was $44.35 M.
See Middlesex Water Company,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$191.88 M |
$166.27 M |
$162.43 M |
$143.14 M |
$141.59 M |
$134.60 M |
$138.08 M |
$130.78 M |
$132.91 M |
$126.03 M |
| Cost of Revenue |
$0.00
|
$83.11 M
|
$79.10 M
|
$73.67 M
|
$70.80 M
|
$67.98 M
|
$71.57 M
|
$64.67 M
|
$65.53 M
|
$65.17 M
|
| Gross Profit |
$191.88 M
|
$83.16 M
|
$83.34 M
|
$69.47 M
|
$70.80 M
|
$66.62 M
|
$66.51 M
|
$66.11 M
|
$67.37 M
|
$60.86 M
|
| Gross Profit Ratio |
1
|
0.5
|
0.51
|
0.49
|
0.5
|
0.49
|
0.48
|
0.51
|
0.51
|
0.48
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$0.00
|
$2.60 M
|
$4.55 M
|
$2.03 M
|
$279,000.00
|
$1.20 M
|
$624,000.00
|
$169,000.00
|
$242,000.00
|
$0.00
|
| Other Expenses |
$138.67 M
|
$41.34 M
|
$38.92 M
|
$36.26 M
|
$29.36 M
|
$31.10 M
|
$1.63 M
|
$93,000.00
|
-$1.48 M
|
-$87,000.00
|
| Operating Expenses |
$138.67 M
|
$43.94 M
|
$38.92 M
|
$36.26 M
|
$29.36 M
|
$31.10 M
|
$29.37 M
|
$27.49 M
|
$26.74 M
|
$25.02 M
|
| Cost And Expenses |
$138.67 M
|
$127.05 M
|
$118.02 M
|
$109.93 M
|
$100.16 M
|
$99.08 M
|
$100.94 M
|
$92.16 M
|
$92.27 M
|
$90.19 M
|
| Interest Income |
$0.00
|
$0.00
|
$9.37 M
|
$8.11 M
|
$7.49 M
|
$7.26 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$12.77 M
|
$10.71 M
|
$9.37 M
|
$8.11 M
|
$7.49 M
|
$7.26 M
|
$5.40 M
|
$4.80 M
|
$4.67 M
|
$5.17 M
|
| Depreciation & Amortization |
$28.04 M
|
$29.44 M
|
$27.48 M
|
$26.80 M
|
$20.84 M
|
$17.23 M
|
$15.78 M
|
$14.85 M
|
$13.53 M
|
$12.05 M
|
| EBITDA |
$92.06 M |
$72.72 M |
$74.12 M |
$62.04 M |
$58.54 M |
$51.55 M |
$53.55 M |
$52.81 M |
$53.59 M |
$48.93 M |
| EBITDA Ratio |
0.48
|
0.44
|
0.45
|
0.4
|
0.44
|
0.38
|
0.39
|
0.4
|
0.39
|
0.38
|
| Operating Income Ratio |
0.28
|
0.24
|
0.29
|
0.23
|
0.26
|
0.26
|
0.27
|
0.3
|
0.31
|
0.28
|
| Total Other Income/Expenses Net |
-$1.95 M
|
-$6.66 M
|
-$1.66 M
|
-$2.16 M
|
-$3.11 M
|
-$4.77 M
|
-$3.77 M
|
-$3.89 M
|
-$6.16 M
|
-$5.26 M
|
| Income Before Tax |
$51.26 M
|
$32.56 M
|
$45.67 M
|
$31.06 M
|
$34.31 M
|
$30.75 M
|
$33.38 M
|
$33.91 M
|
$34.48 M
|
$30.58 M
|
| Income Before Tax Ratio |
0.27
|
0.2
|
0.28
|
0.22
|
0.24
|
0.23
|
0.24
|
0.26
|
0.26
|
0.24
|
| Income Tax Expense |
$6.91 M
|
$1.04 M
|
$3.24 M
|
-$5.49 M
|
-$4.12 M
|
-$3.14 M
|
$924,000.00
|
$11.10 M
|
$11.74 M
|
$10.55 M
|
| Net Income |
$44.35 M
|
$31.52 M
|
$42.43 M
|
$36.54 M
|
$38.43 M
|
$33.89 M
|
$32.45 M
|
$22.81 M
|
$22.74 M
|
$20.03 M
|
| Net Income Ratio |
0.23
|
0.19
|
0.26
|
0.26
|
0.27
|
0.25
|
0.24
|
0.17
|
0.17
|
0.16
|
| EPS |
2.49 |
1.77 |
2.4 |
2.08 |
2.19 |
2.02 |
1.98 |
1.39 |
1.39 |
1.23 |
| EPS Diluted |
2.48 |
1.76 |
2.39 |
2.07 |
2.18 |
2.01 |
1.96 |
1.38 |
1.38 |
1.22 |
| Weighted Average Shares Out |
$17.83 M
|
$17.73 M
|
$17.60 M
|
$17.49 M
|
$17.46 M
|
$16.68 M
|
$16.38 M
|
$16.33 M
|
$16.27 M
|
$16.18 M
|
| Weighted Average Shares Out Diluted |
$17.95 M
|
$17.85 M
|
$17.71 M
|
$17.61 M
|
$17.57 M
|
$16.83 M
|
$16.54 M
|
$16.49 M
|
$16.43 M
|
$16.33 M
|
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