Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 749

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 4
Chunk 749
---
    Regulated  
    Non-
Regulated  
    Total  
    Regulated  
    Non-
Regulated  
    Total 
  
    Revenues 
    $154.0  
    $12.3  
    $166.3  
    $150.6  
    $11.8  
    $162.4 
  
    Operations and maintenance expenses 
     74.8  
     8.4  
     83.2  
     70.8  
     8.3  
     79.1 
  
    Depreciation expense 
     24.9  
     0.3  
     25.2  
     22.8  
     0.2  
     23.0 
  
    Other taxes 
     18.5  
     0.2  
     18.7  
     18.0  
     0.2  
     18.2 
  
    Gain on sale of subsidiary 
     —  
     —  
     —  
     5.2  
     —  
     5.2 
  
    Operating income 
     35.8  
     3.4  
     39.2  
     44.2  
     3.1  
     47.3 

    Other income (expense), net 
     6.3  
     0.2  
     6.5  
     7.4  
     0.3  
     7.7 
  
    Interest expense 
     13.1  
     —  
     13.1  
     9.4  
     —  
     9.4 
  
    Income taxes 
     (0.1) 
     1.1  
     1.0  
     2.0  
     1.2  
     3.2 
  
    Net income 
    $29.1  
    $2.5  
    $31.6  
    $40.2  
    $2.2  
    $42.4 

Operating Revenues

Operating revenues for the year ended December
31, 2023 increased $3