Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 6

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 6
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 Series  $273   $556   Nonredeemable:            $7.00 Series   79    79   $4.75 Series   1,000    1,000   TOTAL PREFERRED STOCK  $1,352   $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   65,431    66,889   State Revolving Trust Notes, 0.00%-4.03%, due 2026-2044   18,277    17,895   SUBTOTAL LONG-TERM DEBT   357,564    359,386   Add: Premium on Issuance of Long-term Debt   6,244    6,339   Less: Unamortized Debt Expense   (5,091)   (5,192)  Less: Current Portion of Long-term Debt   (7,633)   (7,711)  TOTAL LONG-TERM DEBT  $351,084   $352,822 

See Notes to Condensed Consolidated
Financial Statements. 

4 

MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUITY

(Unaudited)

(In thousands)

    Common 
    Common 

    Stock 
    Stock 
    Retained 

    Shares 
    Amount 
    Earnings 
    Total

    Balance at January 1, 2024 
     17,821  
    $246,764  
    $176,227  
    $422,991 
  
    Net Income 
     —  
     —  
     10,682  
     10,682 
  
    Dividend Reinvestment & Common Stock Purchase Plan 
     5  
     252  
     —  
     252 
  
    Restricted Stock Award - Net - Employees 
     (12) 
     (465) 
     —  
     (465