Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 464

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 464
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29,094  
    $40,229 
  
    Non – Regulated 
     2,776  
     2,430  
     2,200 
  
    Consolidated Net Income 
     44,351  
     31,524  
     42,429 

    Capital Expenditures: 

    Regulated 
    $74,584  
    $90,047  
    $91,054 
  
    Non – Regulated 
     38  
     132  
     281 
  
    Total Capital Expenditures 
    $74,622  
    $90,179  
    $91,335 

    (In Thousands) 

    As of  
    As of 

    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Regulated 
    $1,264,472  
    $1,235,549 
  
    Non – Regulated 
     7,671  
     8,068 
  
    Inter-segment Elimination 
     (16,969) 
     (7,565)
  
    Consolidated Assets 
    $1,255,174  
    $1,236,052 

67 

Note 9 - Quarterly Data - Unaudited

Financial information for each quarter of 2024 and 2023 is as follows:

    (In Thousands of Dollars, Except Per Share Data) 
  
    2024 
    1st  
    2nd  
    3rd  
    4th  
    Total 

    Operating Revenues 
    $40,524  
    $49,146  
    $55,100  
    $47,107  
    $191,877 
  
    Operating Income 
     9,865  
     15,315  
     17,501  
     10,529  
     53,210 
  
    Net Income 
     10,682  
     10,546  
     14,319  
     8,804  
     44,351 
  
    Basic Earnings per Share 
    $0.60  
    $0.59  
    $0.80  
    $0.49  
    $2