MIDDLESEX WATER CO

For the period ended Sep 30, 2024. Filed Oct 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.

Sep 30, 2024 · Filed Oct 31, 2024

MSEX$58.77-1.2%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Income

(In thousands except per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Operating Revenues	$55,100	$46,715	$144,770	$127,672
Operating Expenses:
Operations and Maintenance	25,359	22,581	67,649	64,042
Depreciation	6,309	6,376	18,010	18,546
Other Taxes	5,931	4,936	16,430	14,104
Total Operating Expenses	37,599	33,893	102,089	96,692
Operating Income	17,501	12,822	42,681	30,980
Other Income:
Allowance for Funds Used During Construction	354	496	787	2,162
Other Income, net	1,614	936	9,202	3,124
Total Other Income, net	1,968	1,432	9,989	5,286
Interest Charges	3,411	3,518	10,721	9,364
Income before Income Taxes	16,058	10,736	41,949	26,902
Income Taxes	1,739	746	6,402	1,143
Net Income	14,319	9,990	35,547	25,759
Preferred Stock Dividend Requirements	29	30	89	90
Earnings Applicable to Common Stock	$14,290	$9,960	$35,458	$25,669
Earnings per share of Common Stock:
Basic	$0.80	$0.56	$1.99	$1.45
Diluted	$0.80	$0.56	$1.98	$1.44
Average Number of
Common Shares Outstanding :
Basic	17,838	17,758	17,828	17,708
Diluted	17,952	17,873	17,943	17,823

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.