Middlesex Water Company (MSEX) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

62/ 100

GoAI Score

Buy

Valuation

77

Undervalued

Sentiment

57

Mixed

Risk

27

Moderate Risk

Momentum

49

Neutral

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Company profile

Company website

Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both New Jersey and Delaware. Complementing this, the company's non-regulated segment furnishes contract-based services for the management and maintenance of municipal and private water and wastewater infrastructure within the same states. The firm, established in 1896, maintains its corporate headquarters in Iselin, New Jersey.

Industry: Regulated Water
Sector: Utilities
Headquarters: US
CEO: Nadine Duchemin-Leslie
Listed since: Feb 21, 1973
Employees: 395

Market position

Day range

Current $53.43

$53.31$53.8299

52-week range

Current $53.43

$44.17$62.18

Open: $53.53
Previous close: $53.08
Volume: 96.56K; 0.62× average
Average volume: 156.11K; Average daily volume
Market cap: 1.01B USD
Beta: 0.73; Market reference 1
50-day average: $56.475; -5.39% below average
200-day average: $53.9139; -0.90% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 1.33B USD
P/E (TTM): 20.47×
P/B (TTM): 1.91×
P/S (TTM): 4.88×
EV / EBITDA: 14.06×
Earnings yield: 4.69%
Free cash flow yield: -3.69%
Dividend yield: 2.70%

Profitability & efficiency

Gross margin: 43.64%
Operating margin: 29.22%
Net margin: 23.26%
Return on equity: 8.64%
Return on assets: 3.14%
Return on invested capital: 3.74%

Financial health

Debt / equity: 0.84×
Current ratio: 0.45×
Altman Z-score: 1.15
Piotroski F-score: 5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

194.69M USD+1.47%

Operating income

54.38M USD+2.19%

Net income

42.82M USD-3.45%

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	194.69M USD	191.88M USD	166.27M USD	162.43M USD	143.14M USD
Cost of goods sold	118.4M USD	92.36M USD	83.11M USD	79.1M USD	73.67M USD
Gross profit	76.29M USD	99.51M USD	83.16M USD	83.34M USD	69.47M USD
Operating expenses	21.91M USD	46.3M USD	43.94M USD	36.01M USD	36.26M USD
Interest expense	14.3M USD	12.77M USD	10.71M USD	7.05M USD	5.46M USD
Depreciation and amortization	32.5M USD	28.04M USD	29.44M USD	27.48M USD	26.8M USD
Operating income	54.38M USD	53.21M USD	39.22M USD	47.33M USD	33.21M USD
Net income	42.82M USD	44.35M USD	31.52M USD	42.43M USD	36.54M USD

Company facts updated Oct 11, 2026.

Earnings

EPS beat rate: 36%; 4 beats, 6 misses, 1 met estimate
Average EPS surprise: +1.93%; 11 comparable reports
Latest EPS result: 0.79; Estimate 0.66 · Beat by 20.24%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: 2.36; FY2025 · -4.45% year over year
Latest fiscal-year revenue: 194.69M USD; FY2025 · +1.47% year over year
Next fiscal-year EPS consensus: 2.92; FY2028 · 2 analysts
Next fiscal-year revenue consensus: 230.25M USD; FY2027 · 2 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$65.00

21.65% upside

Past 12 months12-month forecastHigh $66.00Average $65.00Low $64.00

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%

Buy375%

Hold125%

Sell00%

Strong sell00%

Recent analyst actions

3 institutions

Freedom BrokermaintainHoldFeb 25, 2026

MSEX news

seekingalpha.comSep 26, 2026

Best Dividend Kings: September 2026

Dividend Kings are underperforming SPY in September, with a -4.22% average return versus SPY's marginal gain. Despite aggregate weakness, 29 Dividend Kings appear both undervalued and offer a long-term expected return of…

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seekingalpha.comSep 18, 2026

The Dividend Kings Ranked By Quality Scores (September 2026)

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defenseworld.netSep 4, 2026

Middlesex Water (NASDAQ:MSEX) and Pennon Group (OTCMKTS:PEGRF) Head to Head Survey

Pennon Group (OTCMKTS:PEGRF - Get Free Report) and Middlesex Water (NASDAQ: MSEX - Get Free Report) are both utilities companies, but which is the better investment? We will contrast the two businesses based on the…

Read source

globenewswire.comAug 31, 2026

Tidewater Utilities Announces Second Customer Bill Credit Using PFAS Litigation Proceeds

DOVER, Del., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and wholly owned subsidiary of Middlesex Water Company, today announced that it will refund approximately…

Read source

defenseworld.netAug 3, 2026

Reviewing Pennon Group (OTCMKTS:PEGRY) & Middlesex Water (NASDAQ:MSEX)

Pennon Group (OTCMKTS:PEGRY - Get Free Report) and Middlesex Water (NASDAQ: MSEX - Get Free Report) are both utilities companies, but which is the superior business? We will compare the two companies based on the…

Read source

globenewswire.comJul 30, 2026

Middlesex Water Company Reports Second Quarter 2026 Earnings

Diluted earnings per share (“EPS”) of $0.79 Invested $53 million in water and wastewater utility infrastructure during the first half of 2026 Declared $0.36 common stock cash dividend ISELIN, N.J., July 30, 2026 (GLOBE…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.38

2025 complete year+24.6% since 2021

2026 partial: $1.08

$1.1075

2,021

$1.1825

2,022

$1.2625

2,023

$1.315

2,024

$1.38

2,025

$1.08

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Aug 17, 2026	$0.36Quarterly	Aug 17, 2026	Sep 1, 2026
Dividend	May 15, 2026	$0.36Quarterly	May 15, 2026	Jun 1, 2026
Dividend	Feb 17, 2026	$0.36Quarterly	Feb 17, 2026	Mar 2, 2026
Dividend	Nov 17, 2025	$0.36Quarterly	Nov 17, 2025	Dec 1, 2025
Dividend	Aug 15, 2025	$0.34Quarterly	Aug 15, 2025	Sep 2, 2025
Dividend	May 15, 2025	$0.34Quarterly	May 15, 2025	Jun 2, 2025