Operating Income for Middlesex Water (MSEX)
According to Middlesex Water's latest reported financial statements, the company's current operating income (TTM) is $54.38M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSEX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$54.38M
YoY change
+2.2%
5Y CAGR
+7.8%
Peak year (2025)
$54.38M
Cumulative operating income
$1.08B
Operating Income history chart for Middlesex Water (MSEX) from 1985 to 2025
Operating Income history table for Middlesex Water (MSEX) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $54.38M | +2.2% | ||
| 2024 | $53.21M | +35.7% | ||
| 2023 | $39.22M | -17.1% | ||
| 2022 | $47.33M | +42.5% | ||
| 2021 | $33.21M | -11.2% | ||
| 2020 | $37.42M | +5.3% | ||
| 2019 | $35.52M | -4.4% | ||
| 2018 | $37.14M | -1.7% | ||
| 2017 | $37.80M | -6.2% | ||
| 2016 | $40.30M | +12.4% | ||
| 2015 | $35.84M | +4.2% | ||
| 2014 | $34.39M | +11.0% | ||
| 2013 | $30.97M | +12.0% | ||
| 2012 | $27.65M | +14.2% | ||
| 2011 | $24.20M | -9.0% | ||
| 2010 | $26.60M | +31.9% | ||
| 2009 | $20.16M | -16.1% | ||
| 2008 | $24.02M | +5.9% | ||
| 2007 | $22.67M | +6.3% | ||
| 2006 | $21.32M | +23.8% | ||
| 2005 | $17.22M | +1.7% | ||
| 2004 | $16.93M | +14.9% | ||
| 2003 | $14.74M | -10.5% | ||
| 2002 | $16.47M | +8.0% | ||
| 2001 | $15.25M | +21.3% | ||
| 2000 | $12.58M | -8.9% | ||
| 1999 | $13.80M | +14.0% | ||
| 1998 | $12.10M | +1.7% | ||
| 1997 | $11.90M | +12.3% | ||
| 1996 | $10.60M | -7.0% | ||
| 1995 | $11.40M | +2.7% | ||
| 1994 | $11.10M | -68.7% | ||
| 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 | — |
Operating Income 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
2025's annual operating income for Middlesex Water (MSEX) came in at $54.38M – edged up 2.2% year-over-year.
Over 2020–2025 (5 years), Middlesex Water operating income expanded at a +7.8% compound annual rate, sustaining 2 straight years of year-over-year growth.
The dataset's maximum operating income sits at $54.38M (2025); the minimum reading of $10.60M dates to 1996.
Middlesex Water (MSEX) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $4.86B.
Middlesex Water Operating Income by Year
Middlesex Water Operating Income 2025: $54.38M
Middlesex Water operating income in 2025 was $54.38M, edged up 2.2% from 2024. This figure represents the highest annual value in the available history.
Middlesex Water Operating Income 2024: $53.21M
Middlesex Water operating income in 2024 was $53.21M, surged 35.7% from 2023.
Middlesex Water Operating Income 2023: $39.22M
Middlesex Water operating income in 2023 was $39.22M, declined 17.1% below 2022.
Middlesex Water Operating Income 2022: $47.33M
Middlesex Water operating income in 2022 was $47.33M, surged 42.5% from 2021.
Middlesex Water Operating Income 2021: $33.21M
Middlesex Water operating income in 2021 was $33.21M.
See more financial history for Middlesex Water (MSEX).
Sector peers — Operating Income
Companies in the same sector as Middlesex Water, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is Middlesex Water's operating income?
Latest reported operating income for Middlesex Water (MSEX) is $54.38M (period ending December 31, 2025).
How has Middlesex Water operating income changed year-over-year?
Middlesex Water (MSEX) operating income changed +2.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Middlesex Water operating income?
Middlesex Water (MSEX) operating income compound annual growth rate is +7.8% over the most recent 5 years available.
When did Middlesex Water operating income hit its highest annual value?
Middlesex Water operating income reached its highest annual value of $54.38M in 2025.
What was Middlesex Water operating income in 2024?
Middlesex Water (MSEX) operating income in 2024 was $53.21M.
What was Middlesex Water operating income in 2025?
Middlesex Water (MSEX) operating income in 2025 was $54.38M.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
Explore more
MSEX Overview
Company profile, financial tools, and key metrics
MSEX Revenue Counter
Earns $6.17 every second. See per minute, hour, and day.
MSEX Earnings Counter
Earns $1.36 per second net profit. See per minute, hour, and day.
MSEX Economic Scale
Exceeds Nauru's GDP. Compare with world economies.
MSEX What If Invested
What if you had invested $1,000? See historical returns from any date.
MSEX How It Makes Money
Discover visual breakdown of $194.69M in revenue — where it comes from and where it goes.
MSEX Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
MSEX Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
MSEX Daily Price Character
Steady · 35.3% historical win rate (green days). Streaks & record days.
MSEX Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
MSEX Stock Split History
4 splits on record. Dates, ratios, and cumulative multiple.
MSEX Dividend Profile
Yield: 2.69%. Safety: 4/8. See full history.
MSEX Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
MSEX Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.