Company: MSEX
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047821
Chunk: 11

Company: MIDDLESEX WATER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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202 Retained Earnings212,910 197,061 TOTAL COMMON EQUITY$482,546 $445,263 Cumulative Preferred Stock, No Par Value:Convertible:$7.00 Series$274 $556 Nonredeemable:$7.00 Series78 79 $4.75 Series1,000 1,000 TOTAL PREFERRED STOCK$1,352 $1,635 Long-term Debt:First Mortgage Bonds, 0.00%-5.50%, due 2026-2059$271,172 $274,602 Amortizing Secured Notes, 3.94%-7.05%, due 2028-204664,702 66,889 State Revolving Trust Notes, 0.00%-4.03%, due 2026-204720,785 17,895 SUBTOTAL LONG-TERM DEBT356,659 359,386 Add: Premium on Issuance of Long-term Debt6,195 6,339 Less: Unamortized Debt Expense(5,058)(5,192)Less: Current Portion of Long-term Debt(7,645)(7,711)TOTAL LONG-TERM DEBT$350,151 $352,822 

See Accompanying Notes to Condensed Consolidated Financial Statements. 

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Table of Contents

MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUITY

(Unaudited)

(In thousands)

CommonStockSharesCommonStockAmountRetainedEarningsTotalBalance at January 1, 202417,821$246,764 $176,227 $422,991 Net Income—— 10,682 10,682 Middlesex Water Company Investment Plan5252 — 252 Restricted Stock Award - Net - Employees(12)(465)— (465)Cash Dividends on Common Stock ($0.3250 per share)—— (5,738)(5,738)Cash Dividends on Preferred Stock—— (30)(30)Balance at March 31, 202417,814$246,551 $181,141 $427,692 Net Income—— 10,546 10,546 Middlesex Water Company Investment Plan5253 — 253 Restricted Stock Award - Net - Employees3(187)— (187)Restricted Stock Award - Board of Directors