Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 17

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 17
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EPS) are computed on the
basis of the weighted average number of shares outstanding during the period presented. Diluted EPS assumes the conversion of the Convertible
Preferred Stock $7.00 Series.

    (In Thousands Except per Share Amounts)

    Three Months Ended June 30,

    2025 
    2024
  
    Basic:  
    Income 
    Shares 
    Income 
    Shares
  
    Net Income 
    $10,778  
     17,962  
    $10,546  
     17,829 
  
    Preferred Dividend 
     (19) 
        
     (30) 

    Earnings Applicable to Common Stock 
    $10,759  
     17,962  
    $10,516  
     17,829 

    Basic EPS 
    $0.60  
        
    $0.59  

    Diluted: 

    Earnings Applicable to Common Stock 
    $10,759  
     17,962  
    $10,516  
     17,829 
  
    $7.00 Series Preferred Dividend 
     7  
     31  
     17  
     115 
  
    Adjusted Earnings Applicable to Common Stock 
    $10,766  
     17,993  
    $10,533  
     17,944 

    Diluted EPS 
    $0.60  
        
    $0.59  

    (In Thousands Except per Share Amounts)

    Six Months Ended June 30,

    2025 
    2024
  
    Basic:  
    Income 
    Shares 
    Income 
    Shares
  
    Net Income 
    $20,258  
     17,926  
    $21,228  
     17,824 
  
    Preferred Dividend 
     (41) 
        
     (60) 

    Earnings Applicable to Common Stock 
    $20,217  
     17,926  
    $21,168  
     17,824 

    Basic EPS 
    $1.13  
        
    $1.19  

    Diluted: 

    Earnings Applicable to Common Stock 
    $20,217  
     17,