MIDDLESEX WATER CO

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

MSEX$59.87+0.6%Stored close · as of Nov 6, 2026

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Contents

FINANCIAL INFORMATION Financial Statements (Unaudited): Condensed Consolidated Statements of Income

(In thousands except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Operating Revenues	$49,146	$42,801	$89,670	$80,957
Operating Expenses:
Operations and Maintenance	21,825	21,204	42,290	41,462
Depreciation	6,305	6,184	11,701	12,170
Other Taxes	5,701	4,744	10,499	9,168
Total Operating Expenses	33,831	32,132	64,490	62,800
Operating Income	15,315	10,669	25,180	18,157
Other Income:
Allowance for Funds Used During Construction	257	852	433	1,665
Other Income, net	2,399	1,290	7,588	2,188
Total Other Income, net	2,656	2,142	8,021	3,853
Interest Charges	4,041	3,251	7,310	5,846
Income before Income Taxes	13,930	9,560	25,891	16,164
Income Taxes	3,384	(341)	4,663	397
Net Income	10,546	9,901	21,228	15,767
Preferred Stock Dividend Requirements	30	30	60	60
Earnings Applicable to Common Stock	$10,516	$9,871	$21,168	$15,707
Earnings per share of Common Stock:
Basic	$0.59	$0.56	$1.19	$0.89
Diluted	$0.59	$0.55	$1.18	$0.88
Average Number of
Common Shares Outstanding :
Basic	17,829	17,713	17,824	17,683
Diluted	17,944	17,828	17,939	17,798

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.