MSEX
Middlesex Water Co Utilities Water Supply Russell 3000
$56.79Close
$1.1BMarket cap
$47.65 – $59.4752-week range
Late-januaryNext report · estimated
Highlights
Strengths
- Near its high 5% below its 52-week high
- Earnings growing EPS +23% year on year
Cautions
- Trend not confirmed 6 of 8 conditions · under 30% off the low, RS under 70
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
5%
1wk
up 1.4%
price change
1mo
up 7.2%
price change
12-month return
up 2%
market up 11% ·
its own down 10%
F-score
—
— Not assessed
Altman Z″
1.13
Moderate risk
P/E
24574944.1×
price / earnings
PEG
—
P/E / EPS growth
P/B
2.1×
price / book
Earnings yield
up 3.8%
EBIT / enterprise value
Cheaper than
65%
of the market · cheap
Revenue growth
up 1%
year on year
EPS growth
up 23%
latest quarter · -8 pts
Sales growth
up 11%
latest quarter · -3 pts
ROE
0%
return on equity
Free cash margin
up 32%
$62.6M FCF
D/E
0.77
long-term debt / equity
Net debt / EBITDA
4.3×
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- FCF turned positive ($-16M → $63M)
Trade setup
ATR%
2.2%
$1.26 a day · 2×ATR $54.26
RS
53 / 99
vs the universe
Trend
6 / 8
under 30% off the low, RS under 70
Relative volume
1.4×
vs 50-day average
Up/down volume
0.76
50 sessions
Implied move
—
no scheduled report
Trend template · 6 of 8
- At least 30% above the 52-week low: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Heavily indebted Net debt is 4.3 times EBITDA — roughly 4 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Shareholders diluted The share count rose 3.5% over the year, from 18m to 19m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Oct 29, 2026
Results reaction
Oct 29, 2026+5% vs market2 sessions after results
Financials
- Net 0%
- Free cash 32%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $141.4M | $143.0M | $162.3M | $166.3M | $191.9M | $194.7M |
| Operating income | $37.4M | $33.2M | $47.3M | $39.2M | $53.2M | $54.4M |
| Net income | $38.4M | $36 | $42 | $32 | $44 | $43 |
| Net margin | 27% | 0% | 0% | 0% | 0% | 0% |
| Earnings per share | $2,186.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Free cash flow | -$52.3M | -$46.4M | -$30.0M | -$37.4M | -$15.9M | $62.6M |
| Free cash margin | -37% | -32% | -18% | -22% | -8% | 32% |
| Cash | $4.5M | $3.5M | $3.8M | $2.4M | $4.2M | $2.8M |
| Long-term debt | $273.2M | $306.5M | $290.3M | $358.2M | $352.8M | $378.9M |
| Shareholders' equity | $346.2M | $367.7M | $400.3M | $423.0M | $445.3M | $494.0M |
| Shares outstanding | 17.47m | 17.52k | 17.64m | 17.82m | 17.89m | 18.52m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 29, 2026 | Quarterly ↗ | Sep 30, 2026 | 29d |
| Jul 30, 2026 | Quarterly ↗ | Jun 30, 2026 | 30d |
| Apr 30, 2026 | Quarterly ↗ | Mar 31, 2026 | 30d |
| Feb 19, 2026 | Annual ↗ | Dec 31, 2025 | 50d |
| Oct 31, 2025 | Quarterly ↗ | Sep 30, 2025 | 31d |
| Jul 31, 2025 | Quarterly ↗ | Jun 30, 2025 | 31d |
| May 1, 2025 | Quarterly ↗ | Mar 31, 2025 | 31d |
| Feb 28, 2025 | Annual ↗ | Dec 31, 2024 | 59d |
| Oct 31, 2024 | Quarterly ↗ | Sep 30, 2024 | 31d |
| Jul 31, 2024 | Quarterly ↗ | Jun 30, 2024 | 31d |
| May 8, 2024 | Quarterly ↗ | Mar 31, 2024 | 38d |
| Mar 1, 2024 | Annual ↗ | Dec 31, 2023 | 61d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 29, 2026 | Results ↗ |
| Jul 30, 2026 | Results ↗ |
| May 20, 2026 | Shareholder vote ↗ |
| Apr 30, 2026 | Results ↗ |
| Mar 26, 2026 | Director or officer change ↗ |
| Feb 24, 2026 | Material agreement ↗ |
| Feb 19, 2026 | Results ↗ |
| Dec 22, 2025 | Director or officer change ↗ |
| Oct 31, 2025 | Results ↗ |
| Jul 31, 2025 | Results ↗ |
| May 22, 2025 | Shareholder vote ↗ |
| May 12, 2025 | Material agreement · Other events ↗ |