Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
The chart shows the growth of an initial investment of $10,000 in Middlesex Water Co, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Middlesex Water Co (MSEX) has returned 6.70% so far this year and -13.81% over the past 12 months. Looking at the last ten years, MSEX has achieved an annualized return of 5.45%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Middlesex Water Co (MSEX) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.89% | 2.20% | -3.63% | 3.46% | ||||||||
| 2025 | -4.70% | 0.28% | 20.49% | -1.07% | -7.84% | -6.30% | -4.80% | 4.59% | 1.35% | 6.54% | 4.54% | -0.47% |
| 2024 | -14.95% | -9.27% | 5.17% | -3.48% | 5.54% | -3.04% | 27.38% | -3.93% | 4.77% | -6.21% | 3.95% | -19.45% |
| 2023 | 5.92% | -8.86% | 2.51% | -6.41% | 11.22% | -1.37% | -0.17% | -6.38% | -12.32% | -3.98% | 0.69% | 2.53% |
| 2022 | -15.70% | -1.04% | 4.93% | -15.37% | -3.15% | 0.92% | 8.40% | -5.62% | -12.77% | 14.11% | 3.57% | -16.02% |
| 2021 | 9.24% | -13.73% | 12.76% | 4.61% | 4.17% | -5.21% | 23.61% | 6.68% | -6.64% | 7.02% | -3.93% | 15.56% |
| 2020 | 1.84% | -8.79% | 0.25% | 2.32% | 14.15% | -1.52% | -4.56% | -0.80% | -2.65% | 3.15% | 5.37% | 4.29% |
| 2019 | 6.50% | 4.98% | -4.91% | 3.11% | 2.04% | -0.20% | 4.73% | -2.40% | 6.16% | 3.11% | -6.41% | 1.15% |
| 2018 | -6.62% | -5.77% | 3.26% | 13.55% | 6.96% | -5.24% | 5.18% | 3.41% | 5.72% | -7.08% | 15.17% | 2.01% |
| 2017 | -11.66% | -0.97% | -3.37% | 3.31% | -8.07% | 11.42% | -1.63% | -3.19% | 2.94% | 10.22% | 4.94% | -13.97% |
| 2016 | 18.96% | 0.96% | 16.83% | -4.51% | -19.04% | 5.92% | 2.41% | 13.01% | 4.22% |
The charts below present risk-adjusted performance metrics for Middlesex Water Co (MSEX) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of MSEX compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Middlesex Water Co volatility is 1.60%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 1.37B | 1.26B | 1.24B | 1.07B | 1.02B | 976.47M | 909.88M | 767.83M | 661.14M | 620.16M | 584.72M | 575.77M | 530.34M | 561.73M | 537.54M |
| Equity Attributable To Parent (USD) | 494.03M | 445.26M | 422.99M | - | - | - | - | - | - | - | - | - | 321.43M | 316.45M | 312.50M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 494.03M | 445.26M | 422.99M | - | - | - | - | - | - | - | - | - | 321.43M | 316.45M | 312.50M |
| Other Non-current Liabilities (USD) | - | - | 344.50M | - | - | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt (USD) | - | - | 364.74M | 306.39M | 311.15M | 277.24M | 234.40M | 162.90M | 147.85M | 142.49M | 140.28M | 140.03M | 133.11M | 131.47M | 132.17M |
| Noncurrent Liabilities (USD) | 777.91M | 727.02M | 709.23M | - | - | - | - | - | - | - | - | - | 94.26M | 129.39M | 120.14M |
| Other Current Liabilities (USD) | 62.47M | 46.95M | 69.11M | 85.63M | 35.49M | 26.41M | 41.68M | 75.04M | 50.61M | 34.71M | 21.79M | 37.52M | 46.35M | 52.12M | 40.98M |
| Wages (USD) | - | 7.89M | 7.10M | 7.38M | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable (USD) | 31.33M | 28.05M | 27.62M | 24.85M | 21.13M | 30.44M | 23.31M | 19.33M | 13.93M | 12.34M | 6.53M | 6.35M | 6.33M | 3.81M | 5.71M |
| Current Liabilities (USD) | 93.80M | 82.89M | 103.83M | 117.86M | 56.62M | 56.85M | 64.98M | 94.36M | 64.54M | 47.06M | 28.32M | 43.87M | 52.68M | 55.93M | 46.69M |
| Liabilities (USD) | 871.71M | 809.91M | 813.06M | 117.86M | 56.62M | 56.85M | 64.98M | 94.36M | 64.54M | 47.06M | 28.32M | 43.87M | 208.91M | 245.27M | 225.04M |
| Other Non-current Assets (USD) | 176.76M | 156.83M | 129.17M | 116.59M | 120.29M | 145.75M | 175.02M | 118.53M | 74.65M | 75.67M | 78.44M | 87.50M | - | - | - |
| Fixed Assets (USD) | 1.15B | 1.06B | 998.34M | 920.55M | 865.37M | 796.60M | 705.73M | 618.49M | 557.24M | 517.78M | 481.87M | 465.41M | 446.48M | 435.22M | 422.20M |
| Noncurrent Assets (USD) | 1.32B | 1.21B | 1.13B | 1.04B | 985.66M | 942.35M | 880.75M | 737.02M | 631.89M | 593.45M | 560.31M | 552.91M | 58.02M | 101.90M | 92.46M |
| Other Current Assets (USD) | 38.92M | 40.55M | 106.70M | 34.68M | 31.48M | 31.24M | 26.77M | 28.17M | 26.84M | 24.69M | 22.38M | 20.88M | 24.11M | 22.36M | 21.25M |
| Prepaid Expenses (USD) | 2.84M | 2.42M | 1.83M | 2.62M | 2.88M | 2.89M | 2.37M | 2.64M | 2.41M | 2.02M | 2.04M | 1.99M | 1.73M | 2.26M | 1.62M |
| Current Assets (USD) | 41.77M | 42.97M | 108.54M | 37.31M | 34.36M | 34.12M | 29.13M | 30.82M | 29.25M | 26.72M | 24.41M | 22.86M | 25.84M | 24.61M | 22.87M |
| Assets (USD) | 1.37B | 1.26B | 1.24B | 1.07B | 1.02B | 976.47M | 909.88M | 767.83M | 661.14M | 620.16M | 584.72M | 575.77M | 530.34M | 561.73M | 537.54M |
Middlesex Water Company board member Robert N. Hoglund purchased 2,000 shares on Feb. 27, 2026, for approximately $109,000, signaling a bullish outlook. The purchase comes as the utility's stock is up nearly 10% in 2026 and following a February rate increase approval. With a 2.73% dividend yield and consistent dividend payments since 1912, the stock is positioned as a solid income investment, though shares remain below their 52-week high of $67.09.
Middlesex Water Company reported 2025 diluted EPS of $2.36, down from $2.47 in 2024, with net income of $42.8 million. The company invested $96 million in infrastructure during 2025 and plans $506 million in investments through 2028, including $255 million for PFAS treatment. The New Jersey Board of Public Utilities approved a rate increase of $14.5 million annually with a 9.6% authorized return on equity. The company declared a $0.36 per share dividend and completed the acquisition of Pinewood Acres water utility assets in Delaware.
Middlesex Water Company's subsidiary, Tidewater Utilities, Inc., has completed the acquisition of water system assets serving 360 customers in Pinewood Acres, Delaware. The acquisition was approved by the Delaware Public Service Commission. Tidewater, which operates 172 active wells and 85 water treatment facilities serving approximately 62,000 customers across more than 480 communities in Delaware, will now provide service to the Pinewood Acres residents.
Middlesex Water Company (NASDAQ: MSEX) announced a quarterly cash dividend of $0.36 per share, payable on March 2, 2026 to shareholders of record as of February 17, 2026. The company has maintained continuous dividend payments since 1912.
Middlesex Water Company announced the appointment of Robert Hoglund to its Board of Directors effective January 1, 2026. Hoglund brings extensive financial leadership experience, including 18+ years as CFO of Consolidated Edison and prior M&A advisory roles at Citigroup. The company expects his expertise in utility finance, governance, and operational strategy to strengthen its future growth.
Middlesex Water Company reported Q3 2025 net income of $14.0 million with diluted EPS of $0.77, slightly lower than the same quarter in 2024. The company invested $72 million in infrastructure, acquired Pinewood Acres water utility assets, and increased its quarterly dividend by 5.88%.
Middlesex Water Company announced a quarterly cash dividend increase of 5.88% to $0.36 per share, marking its 53rd consecutive year of dividend increases. The dividend will be payable on December 1, 2025, to shareholders of record as of November 17, 2025.
Middlesex Water reported Q2 2025 earnings below analyst expectations, with $49.3 million in revenue and $0.60 EPS. The company secured a regulatory settlement in Delaware and continues investing in water infrastructure, despite challenges from lower water usage and increased operational costs.
Middlesex Water Company announced a quarterly cash dividend of $0.34 per share, payable on September 2, 2025, to shareholders of record as of August 15, 2025.
Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable on June 2, 2025 to shareholders of record as of May 15, 2025.
