Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 2

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 2
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     10,764 

    Materials and Supplies (at average cost) 
     6,923  
     6,719 

    Prepayments 
     6,038  
     2,422 

    TOTAL CURRENT ASSETS 
     49,510  
     42,973 

    OTHER ASSETS: 
    Operating Lease Right of Use Asset 
     2,268  
     2,567 

    Restricted Cash 
     1,675  
     — 

    Regulatory Assets 
     105,448  
     101,783 

    Non-utility Assets - Net 
     12,061  
     11,760 

    Employee Benefit Plans 
     39,274  
     36,856 

    Other 
     5,475  
     3,863 

    TOTAL OTHER ASSETS 
     166,201  
     156,829 

    TOTAL ASSETS 
    $1,315,890  
    $1,255,174 

    CAPITALIZATION AND LIABILITIES 

    CAPITALIZATION: 
    Common Stock, No Par Value, authorized 40,000, issued 18,016 and 17,887 in 2025 and 2024, respectively 
    $252,688  
    $248,202 

    Retained Earnings 
     205,095  
     197,061 

    TOTAL COMMON EQUITY 
     457,783  
     445,263 

    Preferred Stock, No Par Value; authorized  120; issued 13 
     1,352  
     1,635 

    Long-term Debt 
     351,084  
     352,822 

    TOTAL CAPITALIZATION 
     810,219  
     799,720 

    CURRENT 
    Current Portion of Long-term Debt 
     7,633  
     7,711 
  
    LIABILITIES: 
    Notes Payable 
     55,200  
     23,000 

    Accounts Payable 
     30,779  
     28,050 

    Accrued Taxes 
     15,371  
     11,976 

    Accrued Interest 
     3,070  
     2,