| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Water production | 325,756 | 323,691 | ||
| Transmission and distribution | 918,455 | 890,445 | ||
| General | 108,142 | 106,949 | ||
| Construction work in progress | 37,444 | 43,615 | ||
| Total | 1,389,797 | 1,364,700 | ||
| Less accumulated depreciation | 270,445 | 264,521 | ||
| Utility plant - net | 1,119,352 | 1,100,179 | ||
| Cash and cash equivalents | 3,384 | 2,560 | ||
| Accounts receivable, net of allowance for uncollectible accounts of 2,055and 2,326, respectively | 22,738 | 20,888 | ||
| Unbilled revenues | 10,987 | 13,101 | ||
| Materials and supplies (at average cost) | 7,309 | 6,923 | ||
| Prepayments | 5,184 | 6,038 | ||
| Total current assets | 49,602 | 49,510 | ||
| Operating lease right of use asset | 2,117 | 2,268 | ||
| Restricted cash | 1,675 | 1,675 | ||
| Regulatory assets | 109,951 | 105,448 | ||
| Non-utility assets - net | 12,195 | 12,061 | ||
| Employee benefit plans | 40,468 | 39,274 | ||
| Other | 6,599 | 5,475 | ||
| Total other assets | 173,005 | 166,201 | ||
| Total assets | 1,341,959 | 1,315,890 | ||
| Common stock, no par value, authorized 40,000, issued 18,338 and 17,887 in 2025 and 2024, respectively | 269,636 | 252,688 | ||
| Retained earnings | 212,910 | 205,095 | ||
| Total common equity | 482,546 | 457,783 | ||
| Preferred stock, no par value authorized 120 issued 13 | 1,352 | 1,352 | ||
| Long-term debt | 350,151 | 351,084 | ||
| Total capitalization | 834,049 | 810,219 | ||
| Current portion of long-term debt | 7,645 | 7,633 | ||
| Notes payable | 55,000 | 55,200 | ||
| Accounts payable | 28,143 | 30,779 | ||
| Accrued taxes | 15,540 | 15,371 | ||
| Accrued interest | 2,554 | 3,070 | ||
| Unearned revenues and advanced service fees | 1,497 | 1,841 | ||
| Other | 7,902 | 7,588 | ||
| Total current liabilities | 118,281 | 121,482 | ||
| Advances for construction | 24,116 | - | ||
| Lease obligations | 1,959 | 2,116 | ||
| Accumulated deferred income taxes | 110,627 | 107,321 | ||
| Regulatory liabilities | 63,063 | 63,836 | ||
| Other liabilities advances for construction | - | 23,447 | ||
| Other | 261 | 286 | ||
| Total other liabilities | 200,026 | 197,006 | ||
| Contributions in aid of construction | 189,603 | 187,183 | ||
| Total capitalization and liabilities | 1,341,959 | 1,315,890 | ||
MIDDLESEX WATER CO (MSEX)
MIDDLESEX WATER CO (MSEX)