Accessibility Menu
Middlesex Water logo

Middlesex Water(NASDAQ) MSEX

Market Cap$1.04BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1985)+4,757%
5 Year-40%
1 Year+10%
1 Month-1%
$55.86
-2.43%
-1.39Today
Middlesex Water last closing stock price
MetricPriceDate
Last closeUSD 55.812026-07-30
Middlesex Water stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.89%USD 56.312026-07-23
1 month-0.62%USD 56.162026-06-30
3 month+10.35%USD 50.582026-05-01
Year to date+12.19%USD 49.742025-12-31
1 year+10.33%USD 50.592025-07-30
3 year-25.52%USD 74.942023-07-31
5 year-39.57%USD 92.352021-07-30
Since inception+4,756.98%USD 1.151985-05-07

Middlesex Water Financials at a Glance

Market Cap

$1.04BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$199.11M

Net Income (TTM)

$43.95M

EPS (TTM)

$2.40

P/E Ratio

23.24

Dividend

$1.42

Beta (Volatility)

0.35 (Low)

Price

$55.86

Volume

13

Open

$57.07

Previous Close

$55.81

Daily Range

$55.69 - $57.55

52-Week Range

$44.17 - $62.18

Estimated Earnings Date

Oct 23, 2026

MSEX News

dividend-kings-infographic

Dividend Kings of 2026

Matt DiLalloJul 2, 2026
A drop of water in a pool

Best Water Stocks for 2026 and How to Invest

Jeremy BowmanMay 14, 2026
BuyAlert-Green.png

Is Middlesex Water Stock a Buy After a Director Purchased 2,000 Shares?

Robert IzquierdoMar 2, 2026
Foolcom-Featured.png

Middlesex Water (MSEX) Q2 EPS Falls 8%

Motley Fool Markets TeamAug 2, 2025
Kansas City water fountain at night

Why Middlesex Water Stock Exploded Higher on Monday

Rich SmithMar 3, 2025
best dividend stocks high yield dividend stocks fun stock cedar fair realty income

3 Dividend Stocks That Set New Highs on Friday -- Are They Buys?

Beth McKennaSep 29, 2019
dividend_watering_can

5 Top Dividend Stocks in Water

Scott LevineAug 19, 2017
17283526416_a5327bfdd5_z

4 Utility Stocks All Retirees Should Own

Sean WilliamsJul 13, 2015
Page 1

MSEX: Motley Fool Moneyball Superscore

60

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Middlesex Water

Middlesex Water delivers clean water to homes and businesses. They also manage wastewater systems for several communities. The company serves residents in New Jersey and Delaware.

Serving Thousands Every Day

  • Residential Sales: Delivering water to homes; accounted for $24.2 million in revenue in the first quarter of 2026.
  • Wholesale Service: Selling bulk water to other towns and companies; generated $7.2 million in revenue in Q1 2026.
  • Commercial and Industrial: Serving business and factory water needs; earned a combined $10.5 million in revenue in early 2026.
  • Fire Protection: Dedicated water systems for public safety and emergencies; brought in $3.8 million in revenue in Q1 2026.
  • Contract Services: Operating and maintaining water systems owned by others; earned $3 million in revenue in the first quarter of 2026.

Scaling Up the Network

  • Merged Pinelands Water Company and Pinelands Wastewater Company into the business in April 2026 to improve operations.
  • Purchased the water utility assets of the Town of Ocean View and Pinewood Acres, LLC in Delaware to reach more customers.
  • Partnered with HomeServe USA Corp. to offer residential maintenance plans for water and sewer lines through 2031.
  • Secured approval from the New Jersey Board of Public Utilities for a $14.5 million base rate increase effective February 2026.

Modernizing the Infrastructure

The company is upgrading its surface water treatment plant to remove Perfluoroalkyl Substances (PFAS), which are man-made chemicals in the water supply. It uses specialized regulatory programs to recover costs for fixing underground pipes and enhancing environmental safety systems.

A Look at the Numbers

  • Operating revenue reached $48.7 million in Q1 2026, up 10% from Q1 2025.
  • Net income hit $10.6 million in the first quarter of 2026, up 11.9% year-over-year.
  • Operating income rose to $13.1 million in Q1 2026, a 13.4% increase from the previous year.
  • Infrastructure investment is projected at $506 million between 2026 and 2028 to improve system reliability.

Evolution of a Utility

Middlesex has transitioned from a local water provider into a regional utility with both regulated services and contract-based operations. Its ongoing investments in infrastructure and new treatment technologies support its long-term role as an essential service provider.

AI Generated • May 2, 2026

Industry

Water Utilities

Sector

Utilities

Employees

395

CEO

Nadine Duchemin-Leslie

Website

www.middlesexwater.com

Headquarters

Iselin, NJ 08830, US

MSEX Financials

Key Financial Metrics (TTM)

Gross Margin

46.22%

Operating Margin

28.09%

Net Income Margin

22.07%

Return on Equity

9.07%

Return on Capital

5.95%

Return on Assets

3.17%

Earnings Yield

4.30%

Dividend Yield

2.54%

Payout Ratio

58.18%

Stock Overview

Market Cap

$1.04BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

18.62M

Volume

13

Avg. Volume

158.67K

Financials (TTM)

Gross Profit

$92.03M

Operating Income

$55.92M

EBITDA

$96.46M

Operating Cash Flow

$60.55M

Capital Expenditure

-$45.35M

Free Cash Flow

$15.19M

Cash & ST Invst.

$2.04M

Total Debt

$428.00M

Middlesex Water Performance Analysis

Middlesex Water annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 162,434,00013.5%
20232023-12-31USD 166,274,0002.4%
20242024-12-31USD 191,877,00015.4%
20252025-12-31USD 194,694,0001.5%
Middlesex Water sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3011.3%
Q32025-09-309.7%
Q42025-12-31-13.1%
Q12026-03-313.7%
Middlesex Water annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.3915.4%
20232023-12-31USD 1.76-26.3%
20242024-12-31USD 2.4739.8%
20252025-12-31USD 2.36-4.4%
Middlesex Water sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3013.2%
Q32025-09-3028.3%
Q42025-12-31-40.3%
Q12026-03-3126.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$48.71M

+10.0%

Gross Profit

$25.70M

+10.8%

Gross Margin

52.76%

N/A

Market Cap

$1.04BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.63M

N/A

Employees

395

N/A

Net Income

$10.61M

+11.9%

EBITDA

$23.29M

+9.5%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$2.04M

-23.2%

Total Debt

$428.00M

+8.3%

Accounts Receivable

$29.04M

-4.5%

Inventory

$8.10M

+15.1%

Long Term Debt

$373.33M

+5.6%

Short Term Debt

$54.67M

+29.5%

Return on Assets

3.17%

N/A

Return on Invested Capital

4.42%

N/A

Free Cash Flow

-$8.91M

-73.7%

Operating Cash Flow

$11.73M

-14.9%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
UTLUnitil Corporation
$54.50-0.91%
EAIEntergy Arkansas, Inc. 1M BD 4.875%66
$19.95+0.05%
SPHSuburban Propane Partners, L.P.
$18.61+2.14%
YORWThe York Water Company
$30.91-2.03%

Trending Stocks

Symbol / CompanyPricePrice Chg
SKHYSK Hynix
$149.00+0.18%
NBISNebius Group
$188.43+0.27%
CRWVCoreWeave
$73.90+0.22%
METAMeta Platforms
$539.03-0.08%

Questions About MSEX

What is the current price of Middlesex Water?

Middlesex Water is trading at $55.81 per share.

What is the 52-week range for Middlesex Water?

Over the past 52 weeks, Middlesex Water has traded between $44.17 and $62.18.

How much debt does Middlesex Water have?

As of the most recent reporting period, Middlesex Water reported total debt of $428.00M.

How much cash does Middlesex Water have on hand?

Middlesex Water reported $2.04M in cash and cash equivalents in its most recent financial results.

What is Middlesex Water’s dividend yield?

Middlesex Water currently has a dividend yield of 2.54%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services