Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 427

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 427
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(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 on Preferred Stock 
     —  
     —  
     (120) 
     (120)
  
    Common Stock Issuance Expenses 
     —  
     —  
     (32) 
     (32)
  
    Balance at December 31, 2022 
     17,642  
    $233,054  
    $167,274  
    $400,328 

    Net Income 
     —  
    $—  
    $31,524  
    $31,524 
  
    Dividend Reinvestment & Common Stock Purchase Plan 
     167  
     12,115  
     —  
     12,115 
  
    Restricted Stock Award - Net - Employees 
     7