What is MIDDLESEX WATER 7 PR's earnings per share (EPS)?

MIDDLESEX WATER 7 PR (MSEXP) reported diluted earnings per share of $2.36 for fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MIDDLESEX WATER 7 PR (MSEXP) Financials

MSEXP

Trailing 12 months to June 30, 2026

Revenue $206.1M +5.3% YoY

Net Income $5.1M -88.2% YoY

EPS (Diluted) $2.59 +7.0% YoY

Operating Cash Flow $58.6M -19.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSEXP SEC filings page.

MIDDLESEX WATER 7 PR (MSEXP) reported $206.1M in revenue over the twelve months to Jun 30, 2026, up 5.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MSEXP FY2025 2026-08-29

Capital-intensive reinvestment absorbs operating cash, leaving financing important despite improving operating performance.

The company generated operating cash flow of $58.7M in FY2024, but $74.6M of capital spending pushed free cash flow negative; the same mismatch persisted through FY2021-FY2024, making reinvestment burden—not weak operating cash generation—the central business mechanic. Operating cash flow rose from $33.0M in FY2021 to $62.6M in FY2025, yet large investing outflows kept that improvement from becoming free cash flow.

Revenue barely advanced from $191.9M in FY2024 to $194.7M in FY2025, while operating margin held at 27.7% and 27.9%. That combination indicates margin resilience as top-line growth slowed, rather than profits rising solely through expansion.

The current ratio fell from 1.0x in FY2023 to 0.4x in FY2025, even as debt-to-equity remained broadly stable; short-term balance-sheet flexibility weakened without a comparable rise in relative leverage. In FY2025, positive financing cash flow accompanied a $101.0M investing outflow, indicating that financing helped support heavy investment while free cash flow was unavailable.

Financial Health Signals

Financial health score not available

MIDDLESEX WATER 7 PR does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/8

MIDDLESEX WATER 7 PR passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

N/A

MIDDLESEX WATER 7 PR reported $43 of net income while generating $62.6M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage Adequate

3.80x

MIDDLESEX WATER 7 PR earns $3.80 in operating income for every $1 of interest expense ($54.4M vs $14.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$56.4M

YoY+14.3%

QoQ+15.7%

5Y CAGR+9.0%

MIDDLESEX WATER 7 PR generated $56.4M in revenue in Q2 2026. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 15.7%.

EBITDA

$25.0M

YoY+21.2%

QoQ+17.4%

MIDDLESEX WATER 7 PR's EBITDA was $25.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.2% from the same quarter a year earlier. Against the prior quarter it is up 17.4%.

Net Income

$14.8M

YoY+37.1%

QoQ+39.3%

5Y CAGR+6.2%

10Y CAGR+9.6%

MIDDLESEX WATER 7 PR reported $14.8M in net income in Q2 2026. This represents an increase of 37.1% from the same quarter a year earlier. Against the prior quarter it is up 39.3%.

EPS (Diluted)

$0.79

YoY+31.7%

QoQ+38.6%

5Y CAGR+5.0%

10Y CAGR+8.2%

MIDDLESEX WATER 7 PR earned $0.79 per diluted share (EPS) in Q2 2026. This represents an increase of 31.7% from the same quarter a year earlier. Against the prior quarter it is up 38.6%.

Cash & Balance Sheet

Cash & Debt

$1.8M

YoY-29.6%

QoQ-11.7%

5Y CAGR-21.5%

10Y CAGR+3.9%

MIDDLESEX WATER 7 PR held $1.8M in cash against $395.6M in long-term debt as of Q2 2026.

Dividends Per Share

$0.36

YoY+5.9%

QoQ0.0%

MIDDLESEX WATER 7 PR paid $0.36 per share in dividends in Q2 2026. This represents an increase of 5.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

19M

YoY+4.6%

QoQ+1.2%

5Y CAGR+1.5%

10Y CAGR+1.5%

MIDDLESEX WATER 7 PR had 19M shares outstanding in Q2 2026. This represents an increase of 4.6% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

32.4%

YoY+4.1pp

QoQ+5.4pp

5Y change+5.6pp

MIDDLESEX WATER 7 PR's operating margin was 32.4% in Q2 2026, reflecting core business profitability. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.4 percentage points.

Net Margin

26.2%

YoY+4.4pp

QoQ+4.4pp

5Y change-3.6pp

MIDDLESEX WATER 7 PR's net profit margin was 26.2% in Q2 2026, showing the share of revenue converted to profit. This is up 4.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.4 percentage points.

Return on Equity

2.8%

YoY+0.5pp

QoQ+0.7pp

MIDDLESEX WATER 7 PR's ROE was 2.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

MSEXP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MSEXP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$206.1M	$194.7M+1.5%	$191.9M+15.4%	$166.3M+2.5%	$162.3M+13.5%	$143.0M+1.1%	$141.4M+5.2%	$134.5M-2.5%	$137.9M+5.6%	$130.6M-1.6%	$132.7M	N/A	N/A	N/A	N/A	N/A
Operating Income	$60.2M	$54.4M+2.2%	$53.2M+35.7%	$39.2M-17.1%	$47.3M+42.5%	$33.2M-11.2%	$37.4M+5.3%	$35.5M-4.4%	$37.1M-1.7%	$37.8M-6.2%	$40.3M+12.4%	$35.8M+4.2%	$34.4M+11.0%	$31.0M+12.0%	$27.6M+14.2%	$24.2M
EBITDA	N/A	$86.9M+6.9%	$81.2M+18.3%	$68.7M-8.2%	$74.8M+24.7%	$60.0M+3.0%	$58.3M+10.4%	$52.8M-0.3%	$52.9M+0.5%	$52.6M-2.2%	$53.8M+10.0%	$48.9M+5.0%	$46.6M+8.8%	$42.8M+10.2%	$38.9M+12.3%	$34.6M
Interest Expense	$15.2M	$14.3M+1.9%	$14.0M+6.7%	$13.1M+40.3%	$9.4M+15.4%	$8.1M+8.3%	$7.5M+3.2%	$7.3M+7.5%	$6.8M+22.7%	$5.5M+4.0%	$5.3M-4.7%	$5.6M-0.9%	$5.6M-3.4%	$5.8M-13.7%	$6.7M+5.5%	$6.4M
Income Tax	$5.3M	$4.8M-30.2%	$6.9M+563.3%	$1.0M-67.9%	$3.2M+159.0%	-$5.5M-33.2%	-$4.1M-31.2%	-$3.1M-439.8%	$924K-91.7%	$11.1M-5.4%	$11.7M+11.2%	$10.6M+6.2%	$9.9M+15.3%	$8.6M+16.8%	$7.4M+13.1%	$6.5M
Net Income	$5.1M	$43-3.6%	$44+41.0%	$32-25.7%	$42+16.2%	$37-100.0%	$38.4M+13.4%	$33.9M+4.4%	$32.5M+42.3%	$22.8M+0.3%	$22.7M+13.6%	$20.0M+8.6%	$18.4M+10.9%	$16.6M+15.5%	$14.4M+7.1%	$13.4M
EPS (Basic)	N/A	$2.36-4.8%	$2.48+40.1%	$1.77-26.2%	$2.40+15.4%	$2.08-5.0%	$2.19+8.4%	$2.02+2.5%	$1.97+41.7%	$1.390.0%	$1.39+13.0%	$1.23+7.9%	$1.14+9.6%	$1.04+15.6%	$0.90+5.9%	$0.85
EPS (Diluted)	$2.59	$2.36-4.5%	$2.47+40.3%	$1.76-26.4%	$2.39+15.5%	$2.07	$2.18+8.5%	$2.01+2.6%	$1.96+42.0%	$1.380.0%	$1.38+13.1%	$1.22+8.0%	$1.13+9.7%	$1.03+14.4%	$0.90+7.1%	$0.84
Diluted Shares (Avg)	N/A	18M+1.1%	18M+0.6%	18M+0.8%	18M+100496.4%	17,607	17,574-99.9%	17M+101647.3%	16,540-99.9%	16M+0.4%	16M+0.6%	16M+0.6%	16M+0.7%	16M+0.7%	16M+0.7%	16M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$56.4M+14.3%	$48.7M+10.0%	$47.0M-0.3%	$54.1M-1.8%	$49.3M+0.4%	$44.3M+9.3%	$47.1M+22.0%	$55.1M+17.9%
Operating Income	$18.2M+31.0%	$13.1M+13.4%	$11.2M+6.4%	$17.7M+1.2%	$13.9M-9.2%	$11.6M+17.2%	$10.5M+27.7%	$17.5M+36.5%
EBITDA	$25.0M+21.2%	$21.3M+9.3%	$22.1M+20.8%	$24.6M+3.5%	$20.6M-4.6%	$19.5M+22.9%	$18.3M	$23.8M+24.0%
Interest Expense	$4.0M+10.8%	$3.2M+18.5%	$3.8M	$4.2M+23.1%	$3.6M-10.3%	$2.7M-17.0%	N/A	$3.4M-3.0%
Income Tax	$1.8M+27.0%	$1.3M+10.6%	$819K	$1.4M-17.7%	$1.4M-58.4%	$1.2M-9.1%	N/A	$1.7M+133.1%
Net Income	$14.8M+37.1%	$10.6M+11.9%	-$34.2M-488.6%	$14.0M-2.5%	$10.8M+2.2%	$9.5M-11.3%	$8.8M+52.7%	$14.3M+43.3%
EPS (Basic)	$0.79+31.7%	$0.57+7.5%	$0.46-6.1%	$0.77-3.8%	$0.60+1.7%	$0.53-11.7%	$0.49+53.1%	$0.80+42.9%
EPS (Diluted)	$0.79+31.7%	$0.57+7.5%	$0.46-6.1%	$0.77-3.8%	$0.60+1.7%	$0.53-10.2%	$0.49+53.1%	$0.80+42.9%
Diluted Shares (Avg)	19M+4.1%	19M+3.5%	N/A	18M+1.1%	18M+0.3%	18M+0.1%	N/A	18M+0.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

MSEXP Balance Sheet

MSEXP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.4B+8.8%	$1.3B+1.5%	$1.2B+15.0%	$1.1B+5.3%	$1.0B+4.5%	$976.5M+7.3%	$909.9M+18.5%	$767.8M+16.1%	$661.1M+6.6%	$620.2M+6.7%	$581.4M+1.0%	$575.8M+8.6%	$530.3M-5.6%	$561.7M+4.5%	$537.5M
Current Assets	$41.8M-2.8%	$43.0M-60.4%	$108.5M+190.9%	$37.3M+8.6%	$34.4M+0.7%	$34.1M+17.1%	$29.1M-5.5%	$30.8M+5.4%	$29.2M+9.5%	$26.7M+9.4%	$24.4M+6.8%	$22.9M-11.5%	$25.8M+5.0%	$24.6M+7.6%	$22.9M
Cash & Equivalents	$2.8M-33.7%	$4.2M+76.8%	$2.4M-37.6%	$3.8M+8.3%	$3.5M-21.3%	$4.5M+101.4%	$2.2M-39.8%	$3.7M-25.0%	$4.9M+14.3%	$4.3M+24.5%	$3.5M+29.8%	$2.7M-44.7%	$4.8M+59.8%	$3.0M-2.6%	$3.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$200K0.0%	$200K0.0%	$200K	$0	$0	$0	$0	$0
Accounts Receivable	$19.2M+2.0%	$18.8M+3.7%	$18.2M+13.4%	$16.0M+4.6%	$15.3M+5.1%	$14.6M+22.3%	$11.9M+1.2%	$11.8M+9.1%	$10.8M+6.5%	$10.1M+0.7%	$10.1M+0.5%	$10.0M-14.0%	$11.6M-6.5%	$12.4M+10.3%	$11.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$871.7M+7.6%	$809.9M-0.4%	$813.1M+20.6%	$674.1M+3.3%	$652.3M+3.5%	$630.3M	N/A	N/A	N/A	N/A	N/A	N/A	$208.9M-14.8%	$245.3M+9.0%	$225.0M
Current Liabilities	$93.8M+13.2%	$82.9M-20.2%	$103.8M-11.9%	$117.9M+108.2%	$56.6M-0.4%	$56.8M-12.5%	$65.0M-31.1%	$94.4M+46.2%	$64.5M+37.1%	$47.1M+66.2%	$28.3M-35.5%	$43.9M-16.7%	$52.7M-5.8%	$55.9M+19.8%	$46.7M
Non-Current Liabilities	$777.9M+7.0%	$727.0M+2.5%	$709.2M+27.5%	$556.3M-6.6%	$595.7M+3.9%	$573.4M	N/A	N/A	N/A	N/A	N/A	N/A	$94.3M-27.1%	$129.4M+7.7%	$120.1M
Long-Term Debt	$378.9M+7.4%	$352.8M-1.5%	$358.2M+23.4%	$290.3M-5.3%	$306.5M+12.2%	$273.2M+18.4%	$230.8M+51.0%	$152.9M+9.9%	$139.0M+3.3%	$134.5M+1.2%	$132.9M-2.3%	$136.0M+4.8%	$129.8M-1.3%	$131.5M-0.5%	$132.2M
Total Equity	$494.0M+11.0%	$445.3M+5.3%	$423.0M+5.7%	$400.3M+8.9%	$367.7M+6.2%	$346.2M	N/A	N/A	N/A	N/A	N/A	N/A	$321.4M+1.6%	$316.5M+1.3%	$312.5M
Retained Earnings	$214.9M+9.0%	$197.1M+11.8%	$176.2M+5.4%	$167.3M+14.7%	$145.8M+13.2%	$128.8M+18.5%	$108.7M+18.8%	$91.4M+23.5%	$74.1M+13.2%	$65.4M+16.9%	$55.9M+15.0%	$48.6M+14.2%	$42.6M+11.8%	$38.1M+7.1%	$35.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.4B+8.2%	$1.4B+8.4%	$1.4B+8.8%	$1.3B+9.1%	$1.3B+3.2%	$1.3B+2.3%	$1.3B+1.5%	$1.2B-1.1%
Current Assets	$52.0M+5.1%	$46.8M+0.7%	$41.8M-2.8%	$49.6M-4.9%	$49.5M-59.1%	$46.5M-58.2%	$43.0M-60.4%	$52.1M-61.6%
Cash & Equivalents	$1.8M-29.6%	$2.0M-23.2%	$2.8M-33.7%	$3.4M-46.7%	$2.6M-68.1%	$2.7M-6.9%	$4.2M+76.8%	$6.3M+113.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$21.0M+0.3%	$18.7M-7.1%	$19.2M+2.0%	$22.7M+0.2%	$20.9M+3.5%	$20.1M+27.9%	$18.8M+3.7%	$22.7M+19.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$902.4M+5.2%	$885.0M+6.6%	$871.7M+7.6%	$859.4M+9.1%	$858.1M+1.9%	$829.9M+0.9%	$809.9M-0.4%	$787.7M-4.4%
Current Liabilities	$104.7M-13.8%	$119.7M+18.2%	$93.8M+13.2%	$118.3M+48.0%	$121.5M-10.0%	$101.2M-13.6%	$82.9M-20.2%	$79.9M-34.1%
Non-Current Liabilities	$797.7M+8.3%	$765.3M+5.0%	$777.9M+7.0%	$741.1M+4.7%	$736.6M+4.2%	$728.7M+3.3%	$727.0M+2.5%	$707.8M+0.7%
Long-Term Debt	$395.6M+12.7%	$371.7M+5.8%	$378.9M+7.4%	$350.2M-0.6%	$351.1M-1.4%	$351.3M-1.6%	$352.8M-1.5%	$352.3M-0.6%
Total Equity	$521.1M+13.8%	$501.0M+11.6%	$494.0M+11.0%	$482.5M+9.2%	$457.8M+5.8%	$449.0M+5.0%	$445.3M+5.3%	$441.9M+5.3%
Retained Earnings	$226.8M+10.6%	$218.8M+9.2%	$214.9M+9.0%	$212.9M+9.5%	$205.1M+10.3%	$200.4M+10.7%	$197.1M+11.8%	$194.4M+10.2%

Not reported in any period shown, so not listed: Inventory, Goodwill.

MSEXP Cash Flow Statement

MSEXP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$58.6M	$62.6M+6.6%	$58.7M+11.3%	$52.8M-14.0%	$61.4M+85.8%	$33.0M-38.1%	$53.4M+48.0%	$36.1M-21.4%	$45.9M+7.1%	$42.8M-9.0%	$47.1M-8.1%	$51.2M+57.2%	$32.6M-3.7%	$33.8M+14.3%	$29.6M+29.5%	$22.8M
Depreciation & Amortization	N/A	$32.5M+15.9%	$28.0M-4.8%	$29.4M+7.2%	$27.5M+2.5%	$26.8M+28.6%	$20.8M+20.9%	$17.2M+9.2%	$15.8M+6.3%	$14.8M+9.7%	$13.5M+3.4%	$13.1M+7.3%	$12.2M+2.8%	$11.9M+5.6%	$11.2M+7.7%	$10.4M
Stock-Based Compensation	N/A	$1.2M-19.5%	$1.5M-30.6%	$2.2M+35.8%	$1.6M+21.8%	$1.3M+22.1%	$1.1M+72.1%	$637K-41.2%	$1.1M+29.0%	$840K+1.3%	$829K+31.0%	$633K+17.4%	$539K+9.3%	$493K-10.8%	$553K+40.4%	$394K
Capital Expenditures	N/A	N/A	$74.6M-17.3%	$90.2M-1.3%	$91.3M+15.1%	$79.4M-24.8%	$105.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	-$15.9M+57.5%	-$37.4M-24.8%	-$30.0M+35.3%	-$46.4M+11.3%	-$52.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$99.3M	-$101.0M-35.3%	-$74.6M+17.3%	-$90.2M-2.2%	-$88.2M-11.1%	-$79.4M+24.8%	-$105.6M-18.5%	-$89.1M-23.6%	-$72.1M-43.3%	-$50.3M-6.2%	-$47.4M-94.3%	-$24.4M	N/A	N/A	-$22.3M-11.2%	-$20.1M
Financing Cash Flow	$39.9M	$38.6M+117.8%	$17.7M-50.7%	$36.0M+32.5%	$27.1M-31.2%	$39.5M+144.2%	$16.2M-82.8%	$93.9M+268.4%	$25.5M+167.3%	$9.5M+1235.7%	$714K+102.7%	-$26.0M	N/A	N/A	-$7.3M-246.7%	-$2.1M
Dividends Paid	$26.1M	$24.9M+6.5%	$23.4M+4.3%	$22.4M+7.8%	$20.8M+7.4%	$19.4M+6.6%	$18.2M+12.5%	$16.2M+8.3%	$14.9M+6.6%	$14.0M+6.6%	$13.1M+4.7%	$12.6M+2.6%	$12.2M+2.4%	$11.9M+5697.6%	$206K0.0%	$206K
Share Buybacks	N/A	N/A	$1.5M+137.2%	$619K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$16.4M-10.4%	$11.7M-14.9%	$18.5M-13.7%	$12.0M-38.1%	$18.3M+63.0%	$13.8M+107.2%	$21.4M+67.2%	$19.5M+81.8%
Depreciation & Amortization	$6.8M+0.9%	$8.2M+3.5%	$8.5M+9.0%	$6.9M+10.0%	$6.7M+6.3%	$7.9M+32.3%	$7.8M	$6.3M-1.1%
Stock-Based Compensation	N/A	$401K+3.1%	N/A	N/A	N/A	$389K+183.7%	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$25.1M+47.0%	$20.7M-7.6%
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$3.7M+13.0%	-$1.3M+89.0%
Investing Cash Flow	-$33.0M+9.2%	-$20.6M-9.1%	-$24.7M+1.7%	-$21.0M-1.3%	-$36.3M-153.2%	-$18.9M-31.4%	-$25.1M-47.0%	-$20.7M+7.6%
Financing Cash Flow	$16.3M-16.7%	$8.2M+128.9%	$5.7M+247.8%	$9.8M+2583.0%	$19.6M+136.5%	$3.6M-56.6%	$1.6M-56.3%	-$394K-103.8%
Dividends Paid	$6.7M+10.0%	$6.7M+9.6%	$6.6M+8.8%	$6.1M+5.7%	$6.1M+5.3%	$6.1M+6.0%	$6.1M+4.1%	$5.8M+4.4%
Share Buybacks	N/A	N/A	N/A	N/A	$154K-66.5%	$225K-74.1%	$118K	$22K

MSEXP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MSEXP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	27.9%+0.2pp	27.7%+4.1pp	23.6%-5.6pp	29.2%+5.9pp	23.2%-3.2pp	26.5%0.0pp	26.4%-0.5pp	26.9%-2.0pp	28.9%-1.4pp	30.4%	N/A	N/A	N/A	N/A	N/A
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-27.2pp	27.2%+2.0pp	25.2%+1.7pp	23.5%+6.1pp	17.5%+0.3pp	17.1%	N/A	N/A	N/A	N/A	N/A
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-11.1pp	11.1%	N/A	N/A	N/A	N/A	N/A	N/A	5.2%+0.6pp	4.5%+0.3pp	4.3%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-3.9pp	3.9%+0.2pp	3.7%-0.5pp	4.2%+0.8pp	3.5%-0.2pp	3.7%+0.2pp	3.4%+0.2pp	3.2%+0.1pp	3.1%+0.6pp	2.6%+0.1pp	2.5%
Current Ratio	0.45-0.1x	0.52-0.5x	1.05+0.7x	0.32-0.3x	0.610.0x	0.60+0.2x	0.45+0.1x	0.33-0.1x	0.45-0.1x	0.57-0.3x	0.86+0.3x	0.520.0x	0.49+0.1x	0.440.0x	0.49
Debt-to-Equity	0.770.0x	0.79-0.1x	0.85+0.1x	0.73-0.1x	0.830.0x	0.79	N/A	N/A	N/A	N/A	N/A	N/A	0.400.0x	0.420.0x	0.42
Asset Turnover	0.140.0x	0.150.0x	0.130.0x	0.150.0x	0.140.0x	0.140.0x	0.150.0x	0.180.0x	0.200.0x	0.21	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	-8.3%+14.2pp	-22.5%-4.0pp	-18.5%+13.9pp	-32.4%+4.5pp	-37.0%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	32.4%+4.1pp	26.9%+0.8pp	23.8%+1.5pp	32.7%+1.0pp	28.2%-2.9pp	26.1%+1.8pp	22.4%+1.0pp	31.8%+4.3pp
Net Margin	26.2%+4.4pp	21.8%+0.4pp	-72.8%-91.5pp	25.8%-0.2pp	21.9%+0.4pp	21.4%-5.0pp	18.7%+3.8pp	26.0%+4.6pp
Return on Equity	2.8%+0.5pp	2.1%0.0pp	-6.9%-8.9pp	2.9%-0.3pp	2.4%-0.1pp	2.1%-0.4pp	2.0%+0.6pp	3.2%+0.9pp
Return on Assets	1.0%+0.2pp	0.8%0.0pp	-2.5%-3.2pp	1.0%-0.1pp	0.8%0.0pp	0.7%-0.1pp	0.7%+0.2pp	1.2%+0.4pp
Current Ratio	0.50+0.1x	0.39-0.1x	0.45-0.1x	0.42-0.2x	0.41-0.5x	0.46-0.5x	0.52-0.5x	0.65-0.5x
Debt-to-Equity	0.760.0x	0.740.0x	0.770.0x	0.73-0.1x	0.77-0.1x	0.78-0.1x	0.79-0.1x	0.800.0x
Asset Turnover	0.040.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-8.0%+3.2pp	-2.3%+22.8pp

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where MIDDLESEX WATER 7 PR Ranks

Frequently Asked Questions

What is MIDDLESEX WATER 7 PR's annual revenue?

MIDDLESEX WATER 7 PR (MSEXP) reported $194.7M in total revenue for fiscal year 2025. This represents a 1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MIDDLESEX WATER 7 PR's revenue growing?

MIDDLESEX WATER 7 PR (MSEXP) revenue grew by 1.5% year-over-year, from $191.9M to $194.7M in fiscal year 2025.

Is MIDDLESEX WATER 7 PR profitable?

Yes, MIDDLESEX WATER 7 PR (MSEXP) reported a net income of $43 in fiscal year 2025, with a net profit margin of 0.0%.

What is MIDDLESEX WATER 7 PR's EBITDA?

MIDDLESEX WATER 7 PR (MSEXP) had EBITDA of $86.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does MIDDLESEX WATER 7 PR have?

As of fiscal year 2025, MIDDLESEX WATER 7 PR (MSEXP) had $2.8M in cash and equivalents against $378.9M in long-term debt.

What is MIDDLESEX WATER 7 PR's operating margin?

MIDDLESEX WATER 7 PR (MSEXP) had an operating margin of 27.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is MIDDLESEX WATER 7 PR's net profit margin?

MIDDLESEX WATER 7 PR (MSEXP) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does MIDDLESEX WATER 7 PR pay dividends?

Yes, MIDDLESEX WATER 7 PR (MSEXP) paid $1.38 per share in dividends during fiscal year 2025.

What is MIDDLESEX WATER 7 PR's return on equity (ROE)?

MIDDLESEX WATER 7 PR (MSEXP) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MIDDLESEX WATER 7 PR's operating cash flow?

MIDDLESEX WATER 7 PR (MSEXP) generated $62.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MIDDLESEX WATER 7 PR's total assets?

MIDDLESEX WATER 7 PR (MSEXP) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does MIDDLESEX WATER 7 PR have outstanding?

MIDDLESEX WATER 7 PR (MSEXP) had 19M shares outstanding as of fiscal year 2025.

What is MIDDLESEX WATER 7 PR's current ratio?

MIDDLESEX WATER 7 PR (MSEXP) had a current ratio of 0.45 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is MIDDLESEX WATER 7 PR's debt-to-equity ratio?

MIDDLESEX WATER 7 PR (MSEXP) had a debt-to-equity ratio of 0.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MIDDLESEX WATER 7 PR's return on assets (ROA)?

MIDDLESEX WATER 7 PR (MSEXP) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MIDDLESEX WATER 7 PR's Piotroski F-Score?

MIDDLESEX WATER 7 PR (MSEXP) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MIDDLESEX WATER 7 PR's earnings high quality?

MIDDLESEX WATER 7 PR (MSEXP) reported $43 of net income while generating $62.6M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can MIDDLESEX WATER 7 PR cover its interest payments?

MIDDLESEX WATER 7 PR (MSEXP) has an interest coverage ratio of 3.80x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.