← MIDDLESEX WATER CO

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $45.9m $44.1m $137.9m $134.5m $141.6m $143.1m $162.4m $166.3m $191.9m $194.7m
Revenue from Contract with Customer, Including Assessed Tax — — $137.9m $134.5m $141.4m $143.0m $162.3m $166.1m $191.8m —
Operating Costs and Expenses — — — — — — — — $7.5m —
Operating Expenses $92.3m $92.2m $100.9m $99.1m $104.2m $109.9m $120.3m $127.1m $138.7m $140.3m
Total Operating Expenses $92.3m $92.2m $100.9m $99.1m $104.2m $109.9m $120.3m $127.1m $138.7m $140.3m
Operating Income (Loss) $40.6m $38.6m $37.1m $35.5m $37.4m $33.2m $47.3m $39.2m $53.2m $54.4m
Additional Financial Items
Depreciation, Depletion and Amortization, Nonproduction — — — — — — — — $28.0m $32.5m
Other Income $662k $123k — — — — — — — —
Preferred Stock Dividends and Other Adjustments — — — — — — $2.1m $2.1m $1.6m —
Operations and Maintenance $65.5m $64.7m $71.6m $68.0m $70.8m $73.7m $79.1m $83.1m $92.4m $91.3m
Depreciation $12.8m $13.9m $15.0m $16.7m $18.5m $21.1m $23.0m $25.2m $24.4m $27.1m
Other Taxes $13.9m $13.6m $14.3m $14.4m $14.9m $15.2m $18.2m $18.7m $21.9m $21.9m
Allowance for Funds Used During Construction $619k $702k $1.4m $3.1m $4.0m $2.7m $2.3m $2.4m $1.3m $1.6m
Other Income, net ($1.2m) $915k $1.6m ($654k) $363k $3.3m $5.4m $4.1m $10.8m $5.9m
Interest Charges $5.3m $5.5m $6.8m $7.3m $7.5m $8.1m $9.4m $13.1m $14.0m $14.3m
Income Taxes $11.7m $11.1m $924k ($3.1m) ($4.1m) ($5.5m) $3.2m $1.0m $6.9m $4.8m
Preferred Stock Dividend Requirements $144k $144k $144k $132k $120k $120k $120k $120k $112k $76k
Earnings Applicable to Common Stock, Basic $22.6m $22.7m $32.3m $33.8m $38.3m $36.4m $42.3m $31.4m $44.2m $42.7m
Earnings Applicable to Common Stock, Diluted — — — — — — — $31.4m $44.2m $42.7m
Basic (in shares) $16.3m $16.3m $16.4m $16.7m $17k $17.5m $18k $18k $17.8m $18.1m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $34.5m $33.9m $33.4m $30.7m $34.3m $31.1m $45.7m $32.6m $51.3m $47.6m
Total Other Income, net ($862k) $795k $3.0m $2.5m $4.4m $6.0m $7.7m $6.5m $12.1m $7.6m
Income before Income Taxes $34.5m $33.9m $33.4m $30.7m $34.3m $31.1m $45.7m $32.6m $51.3m $47.6m
Net Income (Loss) Attributable to Parent $22.7m $22.8m $32.5m $33.9m $38.4m $36.5m $42.4m $31.5m $44.4m $42.8m
Earnings Per Share, Basic $1.39 $1.39 $1.97 $2.02 $2.19 $2.08 $2.40 $1.77 $2.48 $2.36
Earnings Per Share, Diluted $1.38 $1.38 $1.96 $2.01 $2.18 $2.07 $2.39 $1.76 $2.47 $2.36
Common Stock, Dividends, Per Share, Declared $0.81 $0.86 $0.91 $2.02 $2.19 $2.08 $1.18 $1.26 $1.31 $2.36
Preferred Stock, Dividends Per Share, Declared $0.81 $0.86 $0.91 $2.02 $2.19 $2.08 $7.00 $7.00 $7.00 $2.36
Weighted Average Number of Shares Outstanding, Basic 16.3m 16.3m 16.4m 16.7m 17k 17.5m 18k 18k 17.8m 18.1m
Weighted Average Number of Shares Outstanding, Diluted 16.4m 16.5m 16.5m 16.8m 18k 17.6m 18k 18k 17.9m 18.1m
Other Nonoperating Income (Expense) ($1.2m) $915k $1.6m ($654k) $363k $3.3m $5.4m $4.1m $10.8m $5.9m
Interest Expense (non-operating) — — — — — — — — $14.0m $14.3m
Cost, Depreciation and Amortization $12.8m $13.9m $15.0m $16.7m $18.5m $21.1m $23.0m $25.2m $24.4m $27.1m
Interest Expense $5.3m $5.5m $6.8m $7.3m $7.5m $8.1m $9.4m $13.1m $14.0m $14.3m
Other Cost and Expense, Operating — — — — — — — — $84.9m —
Other Expenses $2.1m $30k — — — — — — — —
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity $423k $481k $919k $2.0m $2.5m $1.5m $1.4m $1.5m $743k $977k
Income Tax Expense (Benefit) $11.7m $11.1m $924k ($3.1m) ($4.1m) ($5.5m) $3.2m $1.0m $6.9m $4.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.