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MSEX MIDDLESEX WATER CO

Trailing twelve months to 2026-06-30 · as filed 2026-07-30, not restated
Utilities

Scale

Market cap
$1.1bn
Revenue TTM
$206m
Net income TTM
$48m
Free cash flow
Composite score
41.6
Sector rank
#1978

Valuation

P / E
22.8
EV / EBITDA
16.9
EV / sales
7.2
FCF yield
Earnings yield vs 10-yr
-0.35pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
23.2%
EBITDA margin
42.6%
ROE
9.2%
ROIC
6.6%
Revenue growth
5.3%

Insider activity, last 90 days

Net open-market
$-0.04m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Operations and Maintenance Expense Operations and Maintenance Expense for the three months ended June 30, 2026 increased $2.3 million from the same period in 2025 primarily due to increases in the allowance for credit loss reserve and employee related costs, partially offset by higher capitalizable costs. Depreciation Depreciation expense for the three months ended June 30, 2026 increased $0.1 million from the same period in 2025 due to higher average utility plant in service. Other Taxes Other Taxes for the three months ended June 30, 2026 increased $0.3 million from the same period in 2025 due to higher gross receipts taxes on higher revenues in our Middlesex System. …MIDDLESEX WATER CO, 10-Q, period ended 2026-06-30, filed 2026-07-30

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