Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 5

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 5
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MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL STOCK AND LONG-TERM DEBT

(Unaudited)

(In thousands)

     March 31,   December 31,      2025   2024   Common Stock, No Par Value  $248,611   $248,202   Retained Earnings   200,437    197,061   TOTAL COMMON EQUITY  $449,048   $445,263                Cumulative Preferred Stock, No Par Value:            Convertible:            $7.00 Series  $535   $556   Nonredeemable:            $7.00 Series   79    79   $4.75 Series   1,000    1,000   TOTAL PREFERRED STOCK  $1,614   $1,635                Long-term Debt:            First Mortgage Bonds, 0.00%-5.50%, due 2026-2059  $273,856   $274,602   Amortizing Secured Notes, 3.94%-7.05%, due 2028-2046   66,160    66,889   State Revolving Trust Notes, 2.00%-4.03%, due 2025-2044   17,811    17,895   SUBTOTAL LONG-TERM DEBT   357,827    359,386   Add: Premium on Issuance of Long-term Debt   6,290    6,339   Less: Unamortized Debt Expense   (5,139)   (5,192)  Less: Current Portion of Long-term Debt   (7,720)   (7,711)  TOTAL LONG-TERM DEBT  $351,258   $352,822  

See Notes to Condensed Consolidated Financial Statements. 

4 

MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUITY

(Unaudited)

(In thousands except
per share amounts)

    Common  
    Common  

    Stock  
    Stock