MIDDLESEX WATER CO
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $194.7M | $191.8M | $166.1M | $162.3M | $143.0M |
| Operating income | $54.4M | $53.2M | $39.2M | $47.3M | $33.2M |
| Operating expenses | $140.3M | $138.7M | $127.1M | $120.3M | $109.9M |
| Cash from operations | $62.6M | $58.7M | $52.8M | $61.4M | $33.0M |
| Capital expenditure | — | $74.6M | $90.2M | $91.3M | $79.4M |
| Free cash flow | — | -$15.9M | -$37.4M | -$30.0M | -$46.4M |
| Share repurchases | — | $1.5M | $619,000 | — | — |
| Total assets | $1.4B | $1.3B | $1.2B | $1.1B | $1.0B |
| Total debt | $385.7M | $359.4M | $133.4M | $147.3M | — |
Shares outstanding 18.6M · Free float 98.1%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.