EBITDA for Middlesex Water (MSEX)
According to Middlesex Water's latest reported financial statements, the company's current EBITDA (TTM) is $94.43M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

MSEX
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$94.43M
YoY change
+2.6%
5Y CAGR
+10.0%
Peak year (2025)
$94.43M
Cumulative EBITDA
$1.57B
EBITDA history chart for Middlesex Water (MSEX) from 1985 to 2025
EBITDA history table for Middlesex Water (MSEX) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $94.43M | +2.6% | ||
| 2024 | $92.06M | +26.6% | ||
| 2023 | $72.72M | -9.3% | ||
| 2022 | $80.20M | +26.7% | ||
| 2021 | $63.31M | +8.0% | ||
| 2020 | $58.62M | +12.5% | ||
| 2019 | $52.10M | -4.5% | ||
| 2018 | $54.55M | +1.9% | ||
| 2017 | $53.56M | +1.7% | ||
| 2016 | $52.68M | +7.9% | ||
| 2015 | $48.84M | +6.5% | ||
| 2014 | $45.86M | +7.6% | ||
| 2013 | $42.60M | +8.5% | ||
| 2012 | $39.25M | +9.2% | ||
| 2011 | $35.96M | -2.9% | ||
| 2010 | $37.03M | +19.0% | ||
| 2009 | $31.10M | -8.1% | ||
| 2008 | $33.85M | -64.1% | ||
| 2007 | $94.29M | +224.2% | ||
| 2006 | $29.08M | +19.3% | ||
| 2005 | $24.38M | +4.5% | ||
| 2004 | $23.32M | +14.5% | ||
| 2003 | $20.37M | -7.0% | ||
| 2002 | $21.90M | +6.5% | ||
| 2001 | $20.56M | +17.3% | ||
| 2000 | $17.52M | -3.2% | ||
| 1999 | $18.10M | +13.8% | ||
| 1998 | $15.90M | +6.0% | ||
| 1997 | $15.00M | +10.3% | ||
| 1996 | $13.60M | -4.9% | ||
| 1995 | $14.30M | +1.4% | ||
| 1994 | $14.10M | -60.3% | ||
| 1993 | $35.50M | +16.0% | ||
| 1992 | $30.60M | +2.3% | ||
| 1991 | $29.90M | +13.3% | ||
| 1990 | $26.40M | +12.3% | ||
| 1989 | $23.50M | -2.1% | ||
| 1988 | $24.00M | +7.1% | ||
| 1987 | $22.40M | +1.8% | ||
| 1986 | $22.00M | +8.4% | ||
| 1985 | $20.30M | — |
EBITDA values are taken from Middlesex Water's reported income 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
As of the 2025 fiscal year, Middlesex Water (MSEX) reported EBITDA of $94.43M – edged up 2.6% year-over-year.
Over 2020–2025 (5 years), Middlesex Water EBITDA expanded at a +10.0% compound annual rate, sustaining 2 straight years of year-over-year growth.
The dataset's maximum EBITDA sits at $94.43M (2025); the minimum reading of $13.60M dates to 1996.
Within Utilities, Middlesex Water (MSEX) ranks 9th among 8 peers we track. The peer median for EBITDA is $8.40B.
Middlesex Water EBITDA by Year
Middlesex Water EBITDA 2025: $94.43M
Middlesex Water EBITDA in 2025 was $94.43M, edged up 2.6% from 2024. This figure represents the highest annual value in the available history.
Middlesex Water EBITDA 2024: $92.06M
Middlesex Water EBITDA in 2024 was $92.06M, grew 26.6% from 2023.
Middlesex Water EBITDA 2023: $72.72M
Middlesex Water EBITDA in 2023 was $72.72M, declined 9.3% below 2022.
Middlesex Water EBITDA 2022: $80.20M
Middlesex Water EBITDA in 2022 was $80.20M, grew 26.7% from 2021.
Middlesex Water EBITDA 2021: $63.31M
Middlesex Water EBITDA in 2021 was $63.31M.
See more financial history for Middlesex Water (MSEX).
Sector peers — EBITDA
Companies in the same sector as Middlesex Water, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $16.16B | Utilities |
| Duke Energy Corporation (DUK) | $15.67B | Utilities |
| The Southern Company (SO) | $14.33B | Utilities |
| American Electric Power Company, Inc. (AEP) | $8.79B | Utilities |
| Dominion Energy, Inc. (D) | $8.02B | Utilities |
| Sempra (SRE) | $6.87B | Utilities |
| Constellation Energy Corporation (CEG) | $5.01B | Utilities |
| GE Vernova Inc. (GEV) | $3.68B | Utilities |
Frequently asked questions
What is Middlesex Water's EBITDA?
Latest reported EBITDA for Middlesex Water (MSEX) is $94.43M (period ending December 31, 2025).
How has Middlesex Water EBITDA changed year-over-year?
Middlesex Water (MSEX) EBITDA changed +2.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Middlesex Water EBITDA?
Middlesex Water (MSEX) EBITDA compound annual growth rate is +10.0% over the most recent 5 years available.
When did Middlesex Water EBITDA hit its highest annual value?
Middlesex Water EBITDA reached its highest annual value of $94.43M in 2025.
What was Middlesex Water EBITDA in 2024?
Middlesex Water (MSEX) EBITDA in 2024 was $92.06M.
What was Middlesex Water EBITDA in 2025?
Middlesex Water (MSEX) EBITDA in 2025 was $94.43M.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
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