Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 426

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 426
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 Notes to Consolidated Financial Statements. 

42 

MIDDLESEX WATER COMPANY

 CONSOLIDATED STATEMENTS OF CAPITAL STOCK AND LONG-TERM DEBT

(In thousands)

     December 31,   December 31,      2024   2023   Common Stock, No Par Value            Shares Authorized - 40,000            Shares Outstanding - 2024 - 17,887; 2023 - 17,821  $248,202   $246,764                Retained Earnings   197,061    176,227   TOTAL COMMON STOCKHOLDERS’ EQUITY  $445,263   $422,991                Cumulative Preferred Stock, No Par Value:            Shares Authorized - 120            Shares Outstanding - 2024 - 16; 2023 - 20               Convertible:            Shares Outstanding, $7.00 Series - 2024 - 5; 2023 - 10  $556   $1,005      Nonredeemable:            Shares Outstanding, $7.00 Series -   1   79    79   Shares Outstanding, $4.75 Series - 10   1,000    1,000   TOTAL PREFERRED STOCK  $1,635   $2,084                Long-term Debt:            First Mortgage Bonds, 0.00%-5.50%, due 2026-2059  $274,602   $278,374   Amortizing Secured Notes, 3.94%-7.05%, due 2028-2046   66,889    69,724   State Revolving Trust Notes, 0.00%-4.03%, due 2025-2047   17,895    16,638   SUBTOTAL LONG-TERM DEBT   359,386    364,736   Add: Premium on Issuance of Long-term Debt   6,339    6,529   Less: Unamortized Debt Expense