The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 10,605 | 8,605 | 34,217 |
| Depreciation and amortization | 8,187 | 8,507 | 23,988 |
| Provision for deferred income taxes and investment tax credits | -2,072 | -873 | -4,361 |
| Equity portion of allowance for funds used during construction (afudc) | 384 | 242 | 735 |
| Cash surrender value of life insurance | -80 | 162 | 134 |
| Stock compensation expense | 401 | 118 | 1,119 |
| Accounts receivable | -523 | -3,525 | 3,896 |
| Unbilled revenues | 986 | -1,626 | 223 |
| Materials & supplies | 546 | 240 | 590 |
| Prepayments | 3,143 | -2,341 | 2,762 |
| Accounts payable | -2,132 | -1,004 | 2,300 |
| Accrued taxes | 6,124 | 452 | 3,564 |
| Accrued interest | -20 | 757 | -362 |
| Employee benefit plans | -1,199 | -1,356 | -4,024 |
| Unearned revenue & advanced service fees | -30 | -979 | - |
| Recovered costs-environmental litigation settlement | - | - | 0 |
| Recovered costs litigation settlement | - | 0 | - |
| Other assets and liabilities | 3,677 | 2,613 | 3,967 |
| Net cash provided by operating activities | 11,731 | 18,462 | 44,134 |
| Utility plant expenditures, including afudc of 249 in 2026 and 154 in 2025 | 20,641 | 24,712 | 71,642 |
| Acquisition of water systems | - | 0 | 4,607 |
| Net cash used in investing activities | -20,641 | -24,712 | -76,249 |
| Redemption of long-term debt | 8,904 | 987 | 6,330 |
| Proceeds from issuance of long-term debt | 1,496 | 30,012 | 3,603 |
| Net short-term bank borrowings | 18,750 | -26,750 | 32,000 |
| Proceeds from litigation settlement, net | - | 0 | 0 |
| Deferred debt issuance expense | - | 106 | 36 |
| Common stock issuance expense | - | -204 | 871 |
| Payment of grantee withholding taxes in exchange for restricted stock | 125 | -8 | 379 |
| Proceeds from issuance of common stock | 2,819 | 9,173 | 21,281 |
| Payment of common dividends | 6,667 | 6,617 | 18,307 |
| Payment of preferred dividends | 18 | 17 | 59 |
| Construction advances and contributions-net | 799 | 746 | 2,046 |
| Net cash provided by financing activities | 8,150 | 5,666 | 32,948 |
| Net changes in cash, cash equivalents and restricted cash | -760 | -584 | 833 |
| 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 (MSEXP)
MIDDLESEX WATER CO (MSEXP)