MSEX - NASDAQ
Middlesex Water Company
$52.38
+0.87%Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
At a Glance
Live SnapshotMiddlesex Water Company Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Middlesex Water Company Cash Flow Statement
MSEX • NASDAQ
| Middlesex Water Company Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
42.8M | 44.4M | 31.5M | 42.4M | 36.5M | 38.4M | 33.9M | 32.5M | 22.8M | 22.7M | 20M | 18.4M | 16.6M | 14.4M | 13.4M | 14.3M | 10M | 12.2M | 11.8M | 10M | |
32.5M | 28M | 29.4M | 27.5M | 26.8M | 20.8M | 17.2M | 15.8M | 14.8M | 13.5M | 13.1M | 12.2M | 11.9M | 11.2M | 10.4M | 10M | 9.2M | 8.5M | 8.2M | 7.8B | |
0.0 | 0.0 | -5.6M | -5.3M | -11M | -13.5M | -11.7M | -8.7M | 7.9M | 3.6M | 15.8M | 3.1M | 2.9M | 4M | 1.6M | 630K | 5.5M | 1M | 399K | 897K | |
1.2M | 1.5M | 2.2M | 1.6M | 1.3M | 1.1M | 637K | 1.1M | 840K | 829K | 633K | 539K | 493K | 553K | 394K | 323K | 386K | 0.0 | 0.0 | 0.0 | |
-6.5M | -2.7M | -1.8M | -6.2M | -1.6M | -2.9M | -2.2M | -892K | -690K | -524K | 2.4M | -315K | -427K | -460K | -92K | -507K | -967K | -434K | -271K | -632.4K | |
(0.0) | (3.2M) | (3M) | (3.2M) | (3.3M) | (2.5M) | (10.3M) | (4.7M) | (2.8M) | (5.7M) | (1.4M) | (5.9M) | (7M) | (2.3M) | (4.7M) | (4.6M) | (1.9M) | (5.2M) | (4.5M) | (4.4M) | |
-7.5M | -12.5M | -3M | 1.4M | -19M | 9.4M | -1.7M | 6.2M | -2.9M | 6.9M | -665K | -1.4M | 2.3M | -108K | -2.9M | 831K | -5.6M | -2.8M | -807K | -2.2M | |
62.6M | 58.7M | 52.8M | 61.4M | 33M | 53.4M | 36.1M | 45.9M | 42.8M | 47.1M | 51.2M | 32.6M | 33.8M | 29.6M | 22.8M | 25.6M | 18.5M | 19.1M | 18.8M | 15.9M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-96.4M | -74.6M | -90.2M | -91.3M | -79.4M | -105.6M | -89.1M | -72.1M | -50.3M | -47.4M | -25.8M | -22.6M | -20.1M | -21.6M | -23.6M | -29.6M | -20.1M | -28.4M | -21.9M | -30.4M | |
-4.6M | (0.0) | (0.0) | (3.1M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (857K) | -1.7M | -1.2M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -1.7M | -1.2M | -300K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.4M | 0.0 | 1.7M | 1.2M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1M | -24.4M | 1.4M | -100K | 323K | 464K | 3.8M | -1.8M | 456K | -2.5M | -1.1M | -2.9M | |
-101M | -74.6M | -90.2M | -88.2M | -79.4M | -105.6M | -89.1M | -72.1M | -51.3M | -47.4M | -24.4M | -21.8M | -21.4M | -22.3M | -20.1M | -31.4M | -19.7M | -30.9M | -23.1M | -33.2M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
29.8M | 974K | 12.1M | 10.3M | 3.8M | 1.2M | 56.8M | 1.2M | 1.2M | 1.5M | 1.5M | 1.5M | 1.4M | 1.6M | 1.5M | 29.8M | 1.3M | 1.2M | 1.4M | 28.1M | |
31.4M | -25.1M | 45.6M | 37.7M | 44.9M | 24.8M | 50.2M | 35.6M | 21.4M | 11.7M | 716K | -2.7M | -6.7M | 9.6M | 6.3M | -16.2M | 10.7M | 21.3M | 7.4M | -898.7K | |
-24.9M | -23.5M | -22.6M | -20.9M | -19.5M | -18.3M | -16.3M | -15.1M | -14.1M | -13.3M | -12.7M | -12.4M | -12.1M | -11.9M | -11.6M | -10.7M | -9.8M | -9.6M | -9.4M | -8.4M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -9K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
2.3M | 65.4M | 806K | 3K | 10.2M | 8.4M | 3.2M | 3.9M | 1.1M | 855K | 486K | 681K | 6.9M | -6.6M | 1.8M | 1.1M | -48K | -168K | 1M | 1.4M | |
38.6M | 17.7M | 36M | 27.1M | 39.5M | 16.2M | 93.9M | 25.5M | 9.5M | 714K | -26M | -12.9M | -10.6M | -7.3M | -2.1M | 4M | 2.2M | 13.1M | 445K | 20.1M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
249K | 1.8M | -1.4M | 295K | -6.9M | -36.1M | 40.8M | -736K | 1.1M | 410K | 796K | -2.2M | 1.8M | -81K | 653K | -1.8M | 990K | 1.3M | -3.8M | 2.8M | |
4.2M | 2.4M | 3.8M | 3.5M | 10.4M | 46.5M | 5.7M | 6.4M | 3.9M | 3.5M | 2.7M | 4.8M | 3M | 3.1M | 2.5M | 4.3M | 3.3M | 2M | 5.8M | 3M | |
4.5M | 4.2M | 2.4M | 3.8M | 3.5M | 10.4M | 46.5M | 5.7M | 4.9M | 3.9M | 3.5M | 2.7M | 4.8M | 3M | 3.1M | 2.5M | 4.3M | 3.3M | 2M | 5.8M | |
-33.8M | -15.9M | -37.4M | -30M | -46.4M | -52.3M | -53.1M | -26.2M | -7.5M | -304K | 25.4M | 10M | 13.7M | 8M | -726K | -4M | -1.6M | -9.3M | -3.1M | -14.5M |
SEC Filings
MSEX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 20, 2026 | May 19, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 06, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 26, 2026 | March 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 24, 2026 | February 20, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 19, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 19, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 22, 2025 | December 22, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | October 31, 2025 | September 30, 2025 | 2025 |
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