| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 34,217 | 20,258 |
| Depreciation and amortization | 23,988 | 15,457 |
| Provision for deferred income taxes and investment tax credits | -4,361 | -3,084 |
| Equity portion of allowance for funds used during construction (afudc) | 735 | 468 |
| Cash surrender value of life insurance | 134 | 149 |
| Stock compensation expense | 1,119 | 958 |
| Accounts receivable | 3,896 | 2,046 |
| Unbilled revenues | 223 | - |
| Materials & supplies | 590 | 204 |
| Prepayments | 2,762 | 3,616 |
| Unearned revenue & advanced service fees | - | 365 |
| Accounts payable | 2,300 | 8,326 |
| Accrued taxes | 3,564 | 3,395 |
| Accrued interest | -362 | 154 |
| Employee benefit plans | -4,024 | -2,699 |
| Unbilled revenues | - | 2,337 |
| Recovered costs-environmental litigation settlement | - | 0 |
| Other assets and liabilities | 3,967 | 2,224 |
| Net cash provided by operating activities | 44,134 | 32,086 |
| Utility plant expenditures, including afudc-debt of 318 in 2025 and 180 in 2024 | - | -50,635 |
| Utility plant expenditures, including afudc-debt of 483 in 2025 and 322 in 2024 | 71,642 | - |
| Acquisition of water systems | 4,607 | 4,607 |
| Net cash used in investing activities | -76,249 | -55,242 |
| Redemption of long-term debt | 6,330 | 2,707 |
| Proceeds from issuance of long-term debt | 3,603 | 886 |
| Net short-term bank borrowings | 32,000 | 32,200 |
| Proceeds from litigation settlement, net | 0 | - |
| Deferred debt issuance expense | 36 | 0 |
| Common stock issuance expense | 871 | 431 |
| Payment of grantee withholding taxes in exchange for restricted stock | 379 | - |
| Proceeds from issuance of common stock | 21,281 | 4,054 |
| Payment of common dividends | 18,307 | 12,182 |
| Payment of preferred dividends | 59 | 41 |
| Payment of grantee withholding taxes in exchange for restricted stock | - | 379 |
| Construction advances and contributions-net | 2,046 | 1,765 |
| Net cash provided by financing activities | 32,948 | 23,165 |
| Net changes in cash, cash equivalents and restricted cash | 833 | - |
| Cash and cash equivalents at beginning of period | 4,226 | - |
| Net changes in cash, cash equivalents and restricted cash | - | 9 |
| Cash and cash equivalents at end of period | 5,059 | - |
MIDDLESEX WATER CO (MSEX)
MIDDLESEX WATER CO (MSEX)