Company: MSEX
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047821
Chunk: 10

Company: MIDDLESEX WATER CO
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 CASH USED IN INVESTING ACTIVITIES(76,249)(49,480)CASH FLOWS FROM FINANCING ACTIVITIES:Redemption of Long-term Debt(6,330)(6,438)Proceeds from Issuance of Long-term Debt3,603 592 Net Short-term Bank Borrowings32,000 (25,250)Proceeds from Litigation Settlement, Net— 63,635 Deferred Debt Issuance Expense(36)(54)Common Stock Issuance Expense(871)— Payment of Grantee Withholding Taxes in Exchange for Restricted Stock(379)(1,350)Proceeds from Issuance of Common Stock21,281 740 Payment of Common Dividends(18,307)(17,326)Payment of Preferred Dividends(59)(89)Construction Advances and Contributions-Net2,046 1,639 NET CASH PROVIDED BY FINANCING ACTIVITIES32,948 16,099 NET CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH833 3,954 CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD4,226 2,390 CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD$5,059 $6,344 SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:Utility Plant received as Construction Advances and Contributions$7,676 $6,959 Accrued Payables for Utility Plant$4,401 $10,927 Litigation Settlement Receivable$— $(6,237)Litigation Settlement Payable$— $(6,237)Conversion of Preferred Stock into Common Stock$283 $194 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:Cash Paid During the Period for:Interest$11,070 $11,695 Interest Capitalized$483 $322 Income Taxes$946 $2,413 

See Accompanying Notes to Condensed Consolidated Financial Statements. 

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MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL STOCK AND LONG-TERM DEBT

(Unaudited)

(In thousands)

September 30,2025December 31,2024Common Stock, No Par Value$269,636 $248,