Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 2

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 2
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    Retained Earnings 
     200,437  
     197,061 

    TOTAL COMMON EQUITY 
     449,048  
     445,263 

    Preferred Stock, No Par Valaue; authorized 120; issued 16 
     1,614  
     1,635 

    Long-term Debt 
     351,258  
     352,822 

    TOTAL CAPITALIZATION 
     801,920  
     799,720 

    CURRENT 
    Current Portion of Long-term Debt 
     7,720  
     7,711 
  
    LIABILITIES: 
    Notes Payable 
     34,000  
     23,000 

    Accounts Payable 
     31,500  
     28,050 

    Accrued Taxes 
     17,444  
     11,976 

    Accrued Interest 
     2,455  
     2,916 

    Unearned Revenues and Advanced Service Fees 
     1,535  
     1,476 

    Other 
     6,566  
     7,759 

    TOTAL CURRENT LIABILITIES 
     101,220  
     82,888 

    COMMITMENTS AND CONTINGENT LIABILITIES (Note 7) 

    OTHER LIABILITIES: 
    Advances for Construction 
     22,679  
     22,629 

    Lease Obligations 
     2,270  
     2,432 

    Accumulated Deferred Income Taxes 
     103,632  
     101,235 

    Regulatory Liabilities 
     63,884  
     64,557 

    Other 
     308  
     344 

    TOTAL OTHER LIABILITIES 
     192,773  
     191,197 

    CONTRIBUTIONS IN AID OF CONSTRUCTION 
     183,048  
     181,369 

    TOTAL CAPITALIZATION AND LIABILITIES 
    $1,278,961  
    $1,255,174 

See Notes to Condensed Consolidated Financial Statements. 

2 

MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)