MIDDLESEX WATER CO
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
MSEX$59.50-0.6%Stored close · as of Nov 9, 2026
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Financial Information
Consolidated operating revenues, operating income and net income are as follows:
| (Thousands of Dollars) | |||
|---|---|---|---|
| Years Ended December 31, | |||
| 2023 | 2022 | 2021 | |
| Operating Revenues | $166,274 | $162,434 | $143,141 |
| Operating Income | $39,223 | $47,333 | $33,211 |
| Net Income | $31,524 | $42,429 | $36,543 |
Operating revenues were earned from the following sources:
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Residential | 52.1% | 52.3% | 54.3% |
| Commercial | 14.4 | 14.0 | 11.7 |
| Industrial | 7.0 | 6.9 | 6.3 |
| Fire Protection | 7.6 | 7.8 | 8.8 |
| Contract Sales | 11.5 | 11.6 | 10.2 |
| Contract Operations | 7.4 | 7.4 | 8.6 |
| Other | 0.0 | 0.0 | 0.1 |
| Total | 100.0% | 100.0% | 100.0% |
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