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Middlesex Water Company

Middlesex Water Company

NASDAQ•MSEX
CEO: Ms. Georgia M. Simpson
Sector: Utilities
Industry: Regulated Water
Listing Date: 1973-02-21
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. 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. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Contact Information
485C Route 1 South, Suite 400, Iselin, NJ, 08830, United States
732-634-1500
www.middlesexwater.com
Market Cap
$1.05B
P/E (TTM)
24.0
vs Industry 20.4
Dividend Yield (TTM)
2.3%
52W High
$70.73
52W Low
$48.18
52W Range
44%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$49.32M+0.36%
4-Quarter Trend

EPS

$0.60+1.52%
4-Quarter Trend

FCF

$37.22M-1292.41%
4-Quarter Trend

Earnings Highlights

Key Highlights

No Data Available

Risk Factors

No Data Available

Outlook

No Data Available

Peer Comparison

Revenue (TTM)

Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaEDN
$2.39B
+61.5%
Select Water Solutions, Inc.WTTR
$1.46B
-2.5%
ReNew Energy Global PlcRNW
$1.33B
+36.3%

Gross Margin (Latest Quarter)

ReNew Energy Global PlcRNW
82.8%
-16.1 pp
Artesian Resources CorporationARTNA
40.7%
-10.7 pp
Middlesex Water CompanyMSEX
39.6%
-3.1 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RNW$2.76B28.67.6%75.5%
EDN$1.40B7.318.3%11.7%
WTTR$1.24B42.04.2%20.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4-Quarter Revenue CAGR
-3.6%
Flat Growth
4-Quarter Net Income CAGR
-9.0%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow Performance

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $49.32M+0.4%
    |
    EPS: $0.60+1.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $44.30M+9.3%
    |
    EPS: $0.53-11.7%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 11, 2025|
    Revenue: $191.88M+15.4%
    |
    EPS: $2.48+40.1%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $55.10M+17.9%
    |
    EPS: $0.80+42.9%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $49.15M+14.8%
    |
    EPS: $0.59+5.4%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $40.52M+6.2%
    |
    EPS: $0.60+81.8%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 1, 2024|
    Revenue: $166.27M+2.4%
    |
    EPS: $1.77-26.3%
    Beat