Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 1328

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 1328
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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  
    $29,094  
    $40,229 
  
    Non – Regulated 
     2,776  
     2,430  
     2,200 
  
    Consolidated Net Income 
     44,351  
     31,524  
     42,429 

    Capital Expenditures: 

    Regulated 
    $74,584  
    $90,047  
    $91,054 
  
    Non – Regulated 
     38  
     132  
     281 
  
    Total Capital Expenditures 
    $74,622  
    $90,179  
    $91,335 

    (In Thousands) 

    As of  
    As of 

    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Regulated 
    $1,264,472  
    $1,235,549 
  
    Non – Regulated 
     7,671  
     8,068 
  
    Inter-segment Elimination 
     (16,969) 
     (7,565)
  
    Consolidated Assets 
    $1,255,174  
    $1,236,