Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 1108

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 1108
---
,227   TOTAL COMMON STOCKHOLDERS’ EQUITY  $445,263   $422,991                Cumulative Preferred Stock, No Par Value:            Shares Authorized - 120            Shares Outstanding - 2024 - 16; 2023 - 20               Convertible:            Shares Outstanding, $7.00 Series - 2024 - 5; 2023 - 10  $556   $1,005      Nonredeemable:            Shares Outstanding, $7.00 Series -   1   79    79   Shares Outstanding, $4.75 Series - 10   1,000    1,000   TOTAL PREFERRED STOCK  $1,635   $2,084                Long-term Debt:            First Mortgage Bonds, 0.00%-5.50%, due 2026-2059  $274,602   $278,374   Amortizing Secured Notes, 3.94%-7.05%, due 2028-2046   66,889    69,724   State Revolving Trust Notes, 0.00%-4.03%, due 2025-2047   17,895    16,638   SUBTOTAL LONG-TERM DEBT   359,386    364,736   Add: Premium on Issuance of Long-term Debt   6,339    6,529   Less: Unamortized Debt Expense   (5,192)   (5,372)  Less: Current Portion of Long-term Debt   (7,711)   (7,740)  TOTAL LONG-TERM DEBT  $352,822   $358,153  

See Notes to Consolidated Financial Statements.

43 

MIDDLESEX WATER COMPANY

CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUITY

(In thousands)

    Common  
    Common  

    Stock  
    Stock  
    Retained  

    Shares  
    Amount  
    Earnings  
    Total 

    Balance at January