Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 16

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 16
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ated Depreciation 
    $6,527  
    $5,396 

    Operating Income: 

    Regulated 
    $10,701  
    $8,999 
  
    Non – Regulated 
     856  
     866 
  
    Consolidated Operating Income 
    $11,557  
    $9,865 

    Other Income: 

    Regulated 
    $1,901  
    $5,355 
  
    Non – Regulated 
     55  
     59 
  
    Inter-segment Elimination 
     (159) 
     (50)
  
    Consolidated Other Income, Net 
    $1,797  
    $5,365 

11 

    (In Thousands) 

    Three Months Ended 

    March 31, 
  
    Operation by Segments (continued) 
    2025  
    2024 
  
    Interest Charges: 

    Regulated 
    $2,872  
    $3,319 
  
    Non – Regulated 
     —  
     — 
  
    Inter-segment Elimination 
     (159) 
     (50)
  
    Consolidated Interest Charges 
    $2,713  
    $3,269 

    Income Taxes: 

    Regulated 
    $872  
    $987 
  
    Non – Regulated 
    $290  
     292 
  
    Consolidated Income Taxes 
    $1,162  
    $1,279 

    Net Income: 

    Regulated 
    $8,858  
    $10,049 
  
    Non – Regulated 
    $621  
     633 
  
    Consolidated Net Income 
    $9,479  
    $10,682 

    Capital Expenditures: 

    Regulated 
    $18,853  
    $14,376 
  
    Non – Regulated 
     58  
     13 
  
    Total Capital Expenditures 
    $18,911  
    $14,389 

    (Thousands of Dollars) 

    As of  
    As of 

    March 31, 2025  
    December 31, 2024 
  
    Assets: 

    Regulated 
     1