The Tip Desk

MIDDLESEX WATER CO

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$194.7$191.8$166.1$162.3$143.0
Operating income$54.4$53.2$39.2$47.3$33.2
Net income$42.8$44.4$31.5$42.4$36.5
Balance Sheet
Total debt$385.7$359.4$133.4$147.3—
Cash Flow Statement
Free cash flow—-$15.9-$37.4-$30.0-$46.4
Dividends$24.9$23.4$22.4$20.8$19.4
Share repurchases—$1.5$0.6——

Shares outstanding 18.8M · Free float 98.1%

Annual filing data through FY ended December 31, 2025; float as of September 16, 2026.

Coverage