Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 35

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 35
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131  
    $49,323  
    $45,853  
    $3,293  
    $49,146 
  
    Operations and Maintenance Expense 
     21,035  
     2,031  
     23,066  
     19,660  
     2,165  
     21,825 
  
    Depreciation 
     6,638  
     65  
     6,703  
     6,239  
     66  
     6,305 
  
    Other Taxes 
     5,576  
     66  
     5,642  
     5,640  
     61  
     5,701 
  
    Operating Income 
    $12,943  
    $969  
    $13,912  
    $14,314  
    $1,001  
    $15,315 

    Other Income, net 
     1,860  
     38  
     1,898  
     2,606  
     50  
     2,656 
  
    Interest Charges 
     3,623  
     —  
     3,623  
     4,041  
     —  
     4,041 
  
    Income Taxes 
     1,088  
     321  
     1,409  
     3,053  
     331  
     3,384 
  
    Net Income 
    $10,092  
    $686  
    $10,778  
    $9,826  
    $720  
    $10,546 

22 

Operating Revenues

Operating revenues for the three months ended June
30, 2025 increased $0.2 million from the same period in 2024 due to the following factors:

●Middlesex System revenues decreased $0.3 million due to lower customer consumption driven by unfavorable
weather partially offset by increased DSIC and Lead Service Line (LSL) Recovery rate increases (see Note 2, Rate and Regulatory Matters)
;

●Tidewater System revenues increased $0.6 million due to customer growth and an interim rate increase effective
November 1, 2024 partially offset by lower customer consumption driven by unfavorable weather;

●Non