Capital Expenditures for Middlesex Water (MSEX)
According to Middlesex Water's latest reported financial statements, the company's current capital expenditures (TTM) is $81.44M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSEX
Currently viewingCapital ExpendituresSwitch metric
Latest period
$81.44M
YoY change
+29.1%
5Y CAGR
-1.8%
Peak year (2020)
$105.62M
Cumulative capital expenditures
$1.24B
CapEx history chart for Middlesex Water (MSEX) from 1994 to 2025
CapEx history table for Middlesex Water (MSEX) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $96.35M | +29.1% | ||
| 2024 | $74.62M | -17.3% | ||
| 2023 | $90.18M | -1.3% | ||
| 2022 | $91.33M | +15.1% | ||
| 2021 | $79.38M | -24.8% | ||
| 2020 | $105.62M | +18.5% | ||
| 2019 | $89.13M | +23.6% | ||
| 2018 | $72.09M | +43.3% | ||
| 2017 | $50.30M | +6.2% | ||
| 2016 | $47.38M | +83.8% | ||
| 2015 | $25.77M | +14.1% | ||
| 2014 | $22.60M | +12.5% | ||
| 2013 | $20.08M | -6.9% | ||
| 2012 | $21.58M | -8.4% | ||
| 2011 | $23.56M | -20.4% | ||
| 2010 | $29.60M | +47.1% | ||
| 2009 | $20.13M | -29.2% | ||
| 2008 | $28.43M | +29.6% | ||
| 2007 | $21.93M | -27.8% | ||
| 2006 | $30.36M | +20.1% | ||
| 2005 | $25.29M | -15.3% | ||
| 2004 | $29.86M | +52.5% | ||
| 2003 | $19.57M | +18.7% | ||
| 2002 | $16.49M | +29.4% | ||
| 2001 | $12.75M | -6.5% | ||
| 2000 | $13.64M | -41.5% | ||
| 1999 | $23.30M | -11.4% | ||
| 1998 | $26.30M | +157.8% | ||
| 1997 | $10.20M | +64.5% | ||
| 1996 | $6.20M | -31.1% | ||
| 1995 | $9.00M | +50.0% | ||
| 1994 | $6.00M | — |
CapEx values are taken from Middlesex Water's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Middlesex Water (MSEX) capital expenditures is $96.35M – grew 29.1% year-over-year.
Over 2020–2025 (5 years), Middlesex Water capital expenditures expanded at a -1.8% compound annual rate, with a net decline across the window.
Middlesex Water capital expenditures peaked at $105.62M in 2020; the latest annual figure is $96.35M in 2025 (8.8% below peak).
The highest annual capital expenditures of $105.62M was reported in 2020. The lowest in the available history was $6.00M in 1994.
Among 8 Utilities peers, Middlesex Water (MSEX) ranks 9th; the peer median for capital expenditures is $9.94B.
Middlesex Water Capital Expenditures by Year
Middlesex Water Capital Expenditures 2025: $96.35M
Middlesex Water capital expenditures in 2025 was $96.35M, grew 29.1% from 2024.
Middlesex Water Capital Expenditures 2024: $74.62M
Middlesex Water capital expenditures in 2024 was $74.62M, declined 17.3% below 2023.
Middlesex Water Capital Expenditures 2023: $90.18M
Middlesex Water capital expenditures in 2023 was $90.18M, edged down 1.3% below 2022.
Middlesex Water Capital Expenditures 2022: $91.33M
Middlesex Water capital expenditures in 2022 was $91.33M, grew 15.1% from 2021.
Middlesex Water Capital Expenditures 2021: $79.38M
Middlesex Water capital expenditures in 2021 was $79.38M.
See more financial history for Middlesex Water (MSEX).
Sector peers — CapEx
Companies in the same sector as Middlesex Water, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is Middlesex Water's capital expenditures?
Latest reported capital expenditures for Middlesex Water (MSEX) is $81.44M (period ending December 31, 2025).
How has Middlesex Water capital expenditures changed year-over-year?
Middlesex Water (MSEX) capital expenditures changed +29.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Middlesex Water capital expenditures?
Middlesex Water (MSEX) capital expenditures compound annual growth rate is -1.8% over the most recent 5 years available.
When did Middlesex Water capital expenditures hit its highest annual value?
Middlesex Water capital expenditures reached its highest annual value of $105.62M in 2020.
What was Middlesex Water capital expenditures in 2024?
Middlesex Water (MSEX) capital expenditures in 2024 was $74.62M.
What was Middlesex Water capital expenditures in 2025?
Middlesex Water (MSEX) capital expenditures in 2025 was $96.35M.
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