State Ledger
Company profile

MIDDLESEX WATER CO CIK 66004

Tickers
MSEX (Nasdaq) · MSEXP (OTC)
Industry
Water Supply
Headquarters
Iselin, NJ 08830
Fiscal year end
2025 (FY)
Market Data
Close
$53.75
Change
+$0.05
Change %
0.08%
Volume
6,450

MSEX · trading date Oct 13, 2026 · previous close $53.71 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$194.69M
Net income
$42.82M
Total assets
$1.37B
Total liabilities
—
Stockholders' equity
$494.03M
Cash & equivalents
$2.80M
Operating income
$54.38M
Operating cash flow
$62.60M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-02-19. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
27.9%
Net margin
22.0%
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
—
Equity / assets
36.2%
CapEx / revenue
—
Operating cash flow / net income
1.46×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $194.69M $42.82M $1.37B — $494.03M
2024 $191.88M $44.35M $1.26B — $445.26M
2023 $166.27M $31.52M $1.24B — $422.99M
2022 — $42.43M $1.07B — $400.33M
2021 — $36.54M $1.02B — $367.73M
Company Details
SIC code
4941
State of incorporation
NJ
Active filer
Yes
Most recent SEC filing
Form 4
2026-08-12
Financials filed via
Form 10-K
filed 2026-02-19

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Iselin, NJ 08830
485C ROUTE 1 SOUTH
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:39 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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