The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 10,605 | 8,605 | 13,959 | 20,258 |
| Depreciation and amortization | 8,187 | 8,507 | 8,531 | 15,457 |
| Provision for deferred income taxes and investment tax credits | -2,072 | -873 | -1,277 | -3,084 |
| Equity portion of allowance for funds used during construction (afudc) | 384 | 242 | 267 | 468 |
| Cash surrender value of life insurance | -80 | 162 | -15 | 149 |
| Stock compensation expense | 401 | 118 | 161 | 958 |
| Accounts receivable | -523 | -3,525 | 1,850 | 2,046 |
| Unbilled revenues | 986 | -1,626 | 223 | - |
| Materials & supplies | 546 | 240 | 386 | 204 |
| Prepayments | 3,143 | -2,341 | -854 | 3,616 |
| Accounts payable | -2,132 | -1,004 | -6,026 | 8,326 |
| Accrued taxes | 6,124 | 452 | 169 | 3,395 |
| Accrued interest | -20 | 757 | -516 | 154 |
| Employee benefit plans | -1,199 | -1,356 | -1,325 | -2,699 |
| Unbilled revenues | - | - | - | 2,337 |
| Unearned revenue & advanced service fees | -30 | -1,344 | - | 365 |
| Recovered costs-environmental litigation settlement | - | - | 0 | - |
| Recovered costs litigation settlement | - | 0 | - | 0 |
| Other assets and liabilities | 3,677 | 2,613 | 1,743 | 2,224 |
| Net cash provided by operating activities | 11,731 | 18,462 | 12,048 | 32,086 |
| Utility plant expenditures, including afudc-debt of 318 in 2025 and 180 in 2024 | - | - | - | -50,635 |
| Utility plant expenditures, including afudc of 249 in 2026 and 154 in 2025 | 20,641 | 24,712 | 71,642 | - |
| Acquisition of water systems | - | 0 | 0 | 4,607 |
| Net cash used in investing activities | -20,641 | -24,712 | -21,007 | -55,242 |
| Redemption of long-term debt | 8,904 | 987 | 3,623 | 2,707 |
| Proceeds from issuance of long-term debt | 1,496 | 30,012 | 2,717 | 886 |
| Net short-term bank borrowings | 18,750 | -26,750 | -200 | 32,200 |
| Proceeds from litigation settlement, net | - | 0 | 0 | - |
| Deferred debt issuance expense | - | 106 | 36 | 0 |
| Common stock issuance expense | - | -204 | 440 | 431 |
| Payment of grantee withholding taxes in exchange for restricted stock | 125 | -8 | 379 | - |
| Proceeds from issuance of common stock | 2,819 | 9,173 | 17,227 | 4,054 |
| Payment of common dividends | 6,667 | 6,617 | 6,125 | 12,182 |
| Payment of preferred dividends | 18 | 17 | 18 | 41 |
| Payment of grantee withholding taxes in exchange for restricted stock | - | - | - | 379 |
| Construction advances and contributions-net | 799 | 746 | 281 | 1,765 |
| Net cash provided by financing activities | 8,150 | 5,666 | 9,783 | 23,165 |
| Net changes in cash, cash equivalents and restricted cash | -760 | -584 | 824 | 9 |
| Cash, cash equivalents and restricted cash at beginning of period | 4,475 | 5,059 | 4,226 | - |
| Cash, cash equivalents and restricted cash at end of period | 3,715 | 4,475 | 5,059 | - |
MIDDLESEX WATER CO (MSEX)
MIDDLESEX WATER CO (MSEX)