Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 463

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 463
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    $24,931  
    $22,783 
  
    Non – Regulated 
     257  
     263  
     246 
  
    Consolidated Depreciation 
    $24,430  
    $25,194  
    $23,029 

    Operating Income: 

    Regulated 
    $49,462  
    $35,820  
    $44,257 
  
    Non – Regulated 
     3,748  
     3,403  
     3,076 
  
    Consolidated Operating Income 
    $53,210  
    $39,223  
    $47,333 

    Other Income (Expense), Net: 

    Regulated 
    $12,195  
    $6,637  
    $7,898 
  
    Non – Regulated 
     281  
     214  
     279 
  
    Inter-segment Elimination 
     (407) 
     (366) 
     (474)
  
    Consolidated Other Income (Expense), Net 
    $12,069  
    $6,485  
    $7,703 

66 

    (In Thousands) 

    Years Ended December 31, 
  
    Operation by Segments (continued) 
    2024  
    2023  
    2022 
  
    Interest Expense: 

    Regulated 
    $14,430  
    $13,508  
    $9,833 
  
    Non – Regulated 
     —  
     —  
     7 
  
    Inter-segment Elimination 
     (407) 
     (365) 
     (473)
  
    Consolidated Interest Expense 
    $14,023  
    $13,143  
    $9,367 

    Income Taxes: 

    Regulated 
    $5,653  
    $(146) 
    $2,084 
  
    Non – Regulated 
     1,252  
     1,187  
     1,156 
  
    Consolidated Income Taxes 
    $6,905  
    $1,041  
    $3,240 

    Net Income: 

    Regulated 
    $41,575  
    $