Middlesex Water Company

NASDAQ•MSEX

CEO: Ms. Georgia M. Simpson

セクター: Utilities

業種: Regulated Water

上場日: 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.

連絡先情報

485C Route 1 South, Suite 400, Iselin, NJ, 08830, United States

732-634-1500

www.middlesexwater.com

時価総額

$950.36M

PER (TTM)

22.1

21.8

配当利回り

2.7%

52週高値

$67.09

52週安値

$44.17

52週レンジ

31%

順位30Top 19.5%

5.1

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

堅調 • 5.1 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$46.98M+0.00%

直近4四半期の推移

EPS

$0.47+0.00%

直近4四半期の推移

フリーCF

-$6.25M+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Operating Revenue Growth Operating Revenues reached $194.7 M in 2025, showing $2.8 M revenue increase compared to prior year.

Middlesex Rate Case Approval Secured $14.5 M base rate increase for Middlesex and Pinelands, effective February 23, 2026, via NJBPU.

Tidewater Rate Increase Secured Tidewater received $5.5 M base rate increase from DEPSC, effective July 3, 2025, boosting revenue recovery.

Major Capital Investment Plan Projected $506 M capital investment through 2028, prioritizing infrastructure upgrades and CJO Plant PFAS removal projects.

リスク要因

Net Income Experienced Decline Net Income fell to $42.8 M in 2025, a $1.5 M decrease despite overall revenue growth achievements.

Weather Impacts Demand Volatility Warmer month demand variations due to weather patterns may decrease customer demand and adversely affect revenues.

PFAS Compliance Deadlines New USEPA PFAS MCLs require treatment implementation by 2029, posing significant compliance cost and regulatory risks.

Regulatory Cost Recovery Lag Inability to recover treatment costs timely through regulatory rate filings may reduce earnings and overall profitability.

見通し

2026 Capital Expenditure Focus Plan $126 M investment in 2026, including $36 M for CJO Plant PFAS removal integration projects.

Pinelands Merger Finalization Pinelands merger into Middlesex approved by NJBPU, expected operational efficiencies finalized in the first quarter 2026.

Selective Growth Strategy Growth strategy focuses on infrastructure resiliency, selective acquisitions, and contract operations meeting defined risk profile.

Cybersecurity Program Maintenance Maintain robust defense-in-depth cybersecurity posture, utilizing continuous monitoring and external expert collaboration efforts.

同業比較

売上高 (TTM)

EDN

$2.30B

+33.1%

RNW

$1.49B

+50.5%

WTTR

$1.41B

-3.1%

粗利益率 (最新四半期)

YORW

109.3%

-1.2pp

PCYO

68.4%

+4.7pp

RNW

56.6%

-13.9pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
ARIS	$3.81B	48.0	7.2%	20.8%
RNW	$1.91B	14.8	10.0%	75.1%
WTTR	$1.54B	70.6	2.6%	22.1%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

2.0%

緩やかな成長

4四半期純利益CAGR

-3.2%

収益性の安定

キャッシュフロー安定性

100%

優れたキャッシュフローの実績

深度リサーチ

次回決算:2026年4月29日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし