Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 189

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 189
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  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 1, 2022 
     17,522  
    $221,919  
    $145,807  
    $367,726 

    Net Income 
     —  
    $—  
    $42,429  
    $42,429 
  
    Dividend Reinvestment & Common Stock Purchase Plan 
     114  
     10,335  
     —  
     10,335 
  
    Restricted Stock Award - Net - Employees 
     3  
     520  
     —  
     520 
  
    Stock Award - Board Of Directors 
     3  
     280  
     —  
     280 
  
    Cash Dividends on Common Stock ($1.1825 per share) 
     —  
     —  
     (20,810) 
     (20,810)
  
    Cash Dividends