Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 5

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 5
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 Payment of Common Dividends 
     (12,182) 
     (11,531)
  
    Payment of Preferred Dividends 
     (41) 
     (60)
  
    Construction Advances and Contributions-Net 
     1,765  
     1,380 

    NET CASH PROVIDED BY FINANCING ACTIVITIES 
     23,165  
     16,493 
  
    NET CHANGES IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 
     9  
     5,635 
  
    CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 
     4,226  
     2,390 
  
    CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 
    $4,235  
    $8,025 

    SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY: 

    Utility Plant received as Construction Advances and Contributions 
    $4,865  
    $4,461 
  
    Accrued Payables for Utility Plant 
    $2,918  
    $4,520 
  
    Conversion of Preferred Stock into Common Stock 
    $283  
    $— 

    SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: 

    Cash Paid During the Period for: 

    Interest 
    $6,363  
    $7,417 
  
    Interest Capitalized 
    $318  
    $180 
  
    Income Taxes 
    $610  
    $752 

See Notes to Condensed Consolidated Financial Statements. 

3 

MIDDLESEX WATER COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL STOCK AND LONG-TERM DEBT

(Unaudited)

(In thousands)

     June 30,  December 31,     2025  2024  Common Stock, No Par Value  $252,688   $248,202   Retained Earnings   205,095    197,061   TOTAL COMMON EQUITY  $457,783   $445,263                Cumulative Preferred Stock, No Par Value:            Convertible:            $7.00