Net Assets for Middlesex Water (MSEX)
According to Middlesex Water's latest reported financial statements, the company's latest reported net assets is $495.37M USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

MSEX
Currently viewingNet AssetsSwitch metric
Latest period
$495.37M
YoY change
+10.5%
5Y CAGR
+7.2%
Peak year (2025)
$494.03M
Latest annual
$494.03M
Net Assets history chart for Middlesex Water (MSEX) from 1994 to 2025
Net Assets history table for Middlesex Water (MSEX) from 1994 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $494.03M | +10.5% | ||
| 2024 | $446.90M | +5.1% | ||
| 2023 | $425.07M | +5.6% | ||
| 2022 | $402.41M | +8.8% | ||
| 2021 | $369.81M | +6.2% | ||
| 2020 | $348.29M | +6.9% | ||
| 2019 | $325.88M | +29.7% | ||
| 2018 | $251.22M | +8.5% | ||
| 2017 | $231.61M | +4.9% | ||
| 2016 | $220.87M | +5.6% | ||
| 2015 | $209.13M | +4.7% | ||
| 2014 | $199.73M | +4.2% | ||
| 2013 | $191.63M | +3.6% | ||
| 2012 | $184.99M | +2.6% | ||
| 2011 | $180.33M | +2.1% | ||
| 2010 | $176.64M | +23.5% | ||
| 2009 | $143.00M | +1.3% | ||
| 2008 | $141.18M | +2.9% | ||
| 2007 | $137.14M | +2.9% | ||
| 2006 | $133.30M | +28.7% | ||
| 2005 | $103.55M | +4.4% | ||
| 2004 | $99.19M | +18.5% | ||
| 2003 | $83.71M | +3.9% | ||
| 2002 | $80.56M | +5.5% | ||
| 2001 | $76.35M | +2.2% | ||
| 2000 | $74.70M | +0.1% | ||
| 1999 | $74.60M | +4.0% | ||
| 1998 | $71.70M | +27.6% | ||
| 1997 | $56.20M | +8.3% | ||
| 1996 | $51.90M | +3.2% | ||
| 1995 | $50.30M | +5.5% | ||
| 1994 | $47.70M | — |
Net Assets values are taken from Middlesex Water's reported balance sheets (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) net assets is $494.03M – grew 10.5% year-over-year.
Through 2020–2025 (5 years), Middlesex Water net assets delivered a +7.2% annualised rate; sustaining 31 straight years of year-over-year growth.
$494.03M stands as the all-time-high annual net assets, posted in 2025, against a low of $47.70M during 1994.
Among 8 Utilities peers, Middlesex Water (MSEX) ranks 9th; the peer median for net assets is $31.38B.
Middlesex Water Net Assets by Year
Middlesex Water Net Assets 2025: $494.03M
Middlesex Water net assets in 2025 was $494.03M, grew 10.5% from 2024. This figure represents the highest annual value in the available history.
Middlesex Water Net Assets 2024: $446.90M
Middlesex Water net assets in 2024 was $446.90M, grew 5.1% from 2023.
Middlesex Water Net Assets 2023: $425.07M
Middlesex Water net assets in 2023 was $425.07M, grew 5.6% from 2022.
Middlesex Water Net Assets 2022: $402.41M
Middlesex Water net assets in 2022 was $402.41M, grew 8.8% from 2021.
Middlesex Water Net Assets 2021: $369.81M
Middlesex Water net assets in 2021 was $369.81M.
See more financial history for Middlesex Water (MSEX).
Sector peers — Net Assets
Companies in the same sector as Middlesex Water, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $54.61B | Utilities |
| Duke Energy Corporation (DUK) | $51.84B | Utilities |
| The Southern Company (SO) | $36.02B | Utilities |
| Sempra (SRE) | $31.61B | Utilities |
| American Electric Power Company, Inc. (AEP) | $31.14B | Utilities |
| Dominion Energy, Inc. (D) | $29.08B | Utilities |
| Constellation Energy Corporation (CEG) | $14.52B | Utilities |
| GE Vernova Inc. (GEV) | $11.18B | Utilities |
Frequently asked questions
What is Middlesex Water's net assets?
Latest reported net assets for Middlesex Water (MSEX) is $495.37M (period ending December 31, 2025).
How has Middlesex Water net assets changed year-over-year?
Middlesex Water (MSEX) net assets changed +10.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Middlesex Water net assets?
Middlesex Water (MSEX) net assets compound annual growth rate is +7.2% over the most recent 5 years available.
When did Middlesex Water net assets hit its highest annual value?
Middlesex Water net assets reached its highest annual value of $494.03M in 2025.
What was Middlesex Water net assets in 2024?
Middlesex Water (MSEX) net assets in 2024 was $446.90M.
What was Middlesex Water net assets in 2025?
Middlesex Water (MSEX) net assets in 2025 was $494.03M.
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