OakChart

Middlesex Water Co

MSEXUtilities·Utilities - Regulated Water·USA·Small·NASD·Nov 11 • 3:59 PM ET

58.10-0.67 (-1.14%)
2026-11-12 03:55 CET
Market cap
1,111.44 USD m
Revenue, TTM
212.25 USD m
Net income, TTM
51.94 USD m
Free cash flow, TTM
-39.12 USD m
EPS diluted, TTM
2.77
P/E
20.98
Compare

Price

MSEX against its 20, 50 and 200-day averages
2050200beat
50.0052.5055.0057.5060.00487K973KVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MSEXclose 58.1020-day 56.6150-day 55.57200-day 54.3958.1052w high

4.3% under the 52-week high of 60.72 on 5 Nov 2026. 52-week low 48.19 on 20 Nov 2025. Last 15 sessions, 13.2% high to low

Volume 0.86× normal · the line is the 50-bar volume average

Profile

MSEX
52-week range, 79% of the way up
48.1960.72

Middlesex Water Co. owns and operates regulated water utility and wastewater systems. The firm's services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through Regulated and Non-Regulated segments. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers. The company was founded in 1897 and is headquartered in Iselin, NJ.

IndexRUT
Employees395
IPOMar 17, 1980
Beta0.69
ATR, 14d1.32
Rel volume0.86
Short float3.59%
Insider own2.47%
Inst own83.82%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap1.11B
Enterprise Value1.55B
Income51.94M
Sales212.25M
Book/sh28.63
Cash/sh0.09
Dividend Est.-
Dividend TTM1.44 (2.48%)
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y5.36% 5.82%
Payout58.55%
Employees395
IPOMar 17, 1980

Ratios

P/E20.98
Forward P/E20.60
PEG2.30
P/S5.24
P/B2.03
P/C653.78
P/FCF-
EV/EBITDA16.11
EV/Sales7.30
Quick Ratio0.42
Current Ratio0.51
Debt/Eq0.80
LT Debt/Eq0.72
Option/ShortYes / Yes

Earnings

EPS (ttm)2.77
EPS next Y2.82
EPS next Q0.51
EPS this Y19.35%
EPS next Y0.12%
EPS next 5Y8.97%
EPS past 3/5Y-0.50% 1.54%
Sales past 3/5Y6.22% 6.58%
EPS Y/Y TTM16.16%
Sales Y/Y TTM8.95%
EPS Q/Q23.26%
Sales Q/Q11.30%
EarningsOct 29 AMC
EPS/Sales Surpr.16.32% 0.51%

Ownership

Insider Own2.47%
Insider Trans-0.13%
Inst Own83.82%
Inst Trans3.04%
ROA3.72%
ROE10.07%
ROIC5.52%
Gross Margin41.46%
Oper. Margin30.53%
Profit Margin24.47%
SMA202.64%
SMA504.55%
SMA2006.82%
Trades-

Technical

Shs Outstand19.13M
Shs Float18.66M
Short Float3.59%
Short Ratio4.95
Short Interest0.67M
52W High60.72 -4.31%
52W Low48.19 20.56%
Volatility1.94% 2.33%
ATR (14)1.32
RSI (14)58.27
Beta0.69
Rel Volume0.86
Avg Volume135.39K
Volume115,949

Performance

Perf Week-1.86%
Perf Month7.99%
Perf Quarter-1.31%
Perf Half Y11.67%
Perf YTD15.23%
Perf Year8.11%
Perf 3Y-5.80%
Perf 5Y-44.80%
Perf 10Y54.73%
Recom2.00
Target Price62.00
Prev Close58.77
Price58.10
Change %-1.14%

Analyst ratings

latest 10 of 18
DateActionAnalystRating changeTargetImplied
Apr 04, 2025DowngradeJJanneyBuy → Neutral
Mar 03, 2025UpgradeRRobert W. BairdNeutral → Outperform$61+5.0%
Dec 11, 2024InitiatedBBofA SecuritiesUnderperform$56-3.6%
Aug 05, 2024DowngradeRRobert W. BairdOutperform → Neutral$58-0.2%
Jun 24, 2022UpgradeJJanneyNeutral → Buy
Jun 04, 2021DowngradeBBoenning & ScattergoodOutperform → Neutral
Apr 14, 2021DowngradeJJanneyBuy → Neutral
Mar 02, 2021UpgradeJJanneyNeutral → Buy
Jan 20, 2021DowngradeJJanneyBuy → Neutral$73+25.6%
Feb 04, 2020InitiatedBBoenning & ScattergoodOutperform$80+37.7%

Peers

Mkt cap
TickerCompanyMkt cap
ARTNAArtesian Resources Corp341.71M
YORWYork Water Co515.01M
AWRAmerican States Water Co3.55B
CWTCalifornia Water Service Group3.12B
HTOH2O America2.96B
AWKAmerican Water Works Co Inc29.80B
WTRGEssential Utilities Inc12.87B
GWRSGlobal Water Resources Inc206.85M
CWCOConsolidated Water Co Ltd412.40M
PCYOPure Cycle Corp263.39M

Insider trading

5 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Ginegaw Lorrie BethVP, Human ResourcesAug 07 '26Sale57.6161535,4303,978Aug 07 02:01 PM
REINHARD WALTER GDirectorMar 04 '26Sale55.2130016,5636,051Mar 04 04:00 PM
HOGLUND ROBERT NDirectorFeb 27 '26Buy54.312,000108,6192,000Feb 27 04:24 PM
Capko Robert JohnPAO & ControllerFeb 25 '26Sale54.041347,2410Feb 25 04:19 PM
Ginegaw Lorrie BethVP-HRNov 18 '25Sale50.9265033,0973,709Nov 18 04:07 PM

Held by

AUM
TickerCompanyAUM
IJRiShares Core S&P Small-Cap ETFAUM: 106.27B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VXFVanguard Extended Market Index ETFAUM: 30.47B
IWNiShares Russell 2000 Value ETFAUM: 14.10B
SMDVProShares S&P SmallCap 600 Dividend Aristocrats ETFAUM: 675.53M
SPSMState Street SPDR Portfolio S&P 600TM Small Cap ETFAUM: 16.06B
DFASU.S. Small Cap Portfolio-ETF Class SharesAUM: 15.51B
CGWInvesco S&P Global Water Index ETFAUM: 1.06B
VPUVanguard Utilities ETFAUM: 8.19B

News

latest 14 of 200
  • Middlesex Water: Q3 Earnings Snapshot (Associated Press)
  • Middlesex Water Company Reports Third Quarter 2026 Earnings (GlobeNewswire)
  • Middlesex Water Company Increases Common Dividend by 5.56% (GlobeNewswire)
  • Middlesex Water Company Names Rebecca Stenholm Vice President of Communications and Corporate Affairs (GlobeNewswire)
  • Middlesex Water Company to Report Third Quarter 2026 Earnings on October 29 (GlobeNewswire)
  • Tidewater Utilities Announces Second Customer Bill Credit Using PFAS Litigation Proceeds (GlobeNewswire)
  • Middlesex Water: Q2 Earnings Snapshot (Associated Press)
  • Middlesex Water Company Reports Second Quarter 2026 Earnings (GlobeNewswire)
  • Middlesex Water Company Declares Quarterly Cash Dividend (GlobeNewswire)
  • Middlesex Water Company to Report Second Quarter 2026 Earnings on July 30 (GlobeNewswire)
  • Middlesex Water Company Reports First Quarter 2026 Earnings (GlobeNewswire)
  • Middlesex Water: Q1 Earnings Snapshot (Associated Press)
  • Earnings To Watch: Middlesex Water Co (MSEX) Reports Q1 2026 Result (GuruFocus.com)
  • Middlesex Water Company Declares Quarterly Cash Dividend (GlobeNewswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-290.9500.8170.95060.2159.903
2026Q22026-07-300.7900.6570.78756.3654.513
2026Q12026-04-300.5700.5700.57048.7149.752
2025Q42026-02-190.4600.4600.46546.9846.912
2025Q32025-10-310.7700.8700.76854.0956.082
2025Q22025-07-310.6000.6550.59849.3251.342
2025Q12025-05-010.5300.6050.52744.3043.792
2024Q42025-02-280.4900.3700.48947.1143.001
2024Q32024-10-310.8000.6900.79655.1052.401
2024Q22024-07-310.5900.6400.58649.1549.401
2024Q12024-05-080.5900.4800.59440.5244.551
2023Q42024-02-290.3200.5600.32238.6043.851
2023Q32023-11-090.5600.8600.55746.7252.901
2023Q22023-07-280.5500.6500.55442.8045.001
2023Q12023-05-010.3300.5300.33038.1641.651
2022Q42023-02-240.4000.5350.40538.8241.452

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY2.0101.9872.011134.6139.39
2020FY2.1802.1302.183141.59141
2021FY2.0702.1772.073143.14145
2022FY2.3902.4302.393162.43165.25
2023FY1.7601.9601.763166.27172.75
2024FY2.4702.3432.465191.88186.25
2025FY2.3602.3602.360194.69195.21
2026FY-2.817--217.7
2027FY-2.820--233.2
2028FY-3.053--247.6
2029FY-3.420--263.41
2030FY-3.570--274.36

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-3021053.6053.2054.00
2026Q4S2026-10-2910051.9051.9051.90
2026Q4S2026-10-1510051.9051.9051.90
2026Q4S2026-10-1420051.1050.3051.90
2026Q4S2026-08-0921051.1050.3051.90
2026Q4S2026-07-3131051.6350.3052.70
2026Q4S2026-07-0730051.2050.3052.70
2026Q4S2026-05-0120051.6550.6052.70
2026Q4S2026-02-2420051.7050.5052.90
2026Q4S2026-02-2010052.9052.9052.90
2026Q4S2026-01-1710053.0053.0053.00
2026Q4S2025-11-1110153.0053.0053.00
2026Q4S2025-11-1010153.0053.0053.00
2026Q4S2025-11-0910153.0053.0053.00

Estimate history

EPS, annual1.381.9592.0112.1832.0732.3931.7632.4652.3572.7693
Period201720182019202020212022202320242025TTM
EPS, quarterly0.7960.4890.5270.5980.7680.4650.570.7870.947
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual130.775138.077134.598141.592143.141162.434166.274191.877194.694212.25
Period201720182019202020212022202320242025TTM
Sales, quarterly55.147.10744.30149.32354.09146.97948.71456.35760.205
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual16.35216.40317.43417.47317.52217.64217.82117.88718.52119.129
Period201720182019202020212022202320242025MRQ
Shares, quarterly17.85517.88717.89418.01618.33718.52118.57718.84319.129
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue212.25194.69191.88166.27162.43143.14141.59134.60138.08
Cost of Goods Sold Incl. D&A124.26118.40116.79108.31102.1294.7889.2784.7086.61
Gross Profit87.9976.2975.0857.9760.3148.3652.3249.9051.47
Other Operating Expense23.1921.9121.8718.7418.2115.1514.9014.3814.33
Operating Income64.8054.3853.2139.2242.1033.2137.4235.5237.14
Interest Expense15.1914.2914.0213.149.378.117.497.266.76
Unusual Expense0.000.000.000.000.000.000.00--
Net Income Before Taxes58.3447.6451.2632.5645.6731.0534.3130.7533.38
Income Taxes6.334.826.911.043.24-5.49-4.12-3.140.92
Consolidated Net Income52.0142.8244.3531.5242.4336.5438.4233.8932.45
Net Income From Continuing Operations52.0142.8244.3531.5242.4336.5438.4233.8932.45
Net Income51.9442.7544.2431.4042.3136.4238.3033.7632.31
EPS (Recurring)2.732.362.471.762.392.072.182.011.96
EPS (Basic, Before Extraordinaries)2.772.362.481.772.402.082.192.021.97
EPS (Diluted)2.772.362.471.762.392.072.182.011.96
EBITDA96.1586.8781.2568.6769.5860.0158.2652.7552.92
Non-Operating Income (Expense)8.737.5612.076.4912.945.964.382.492.99
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense0.780.36-0.980.520.350.850.720.89
Price To Earnings Ratio20.9820.9822.9035.5632.7658.0633.2131.6927.30
Price To Sales Ratio4.754.704.927.048.5814.808.997.956.39
Gross Margin41.4639.1839.1334.8637.1333.7936.9537.0737.28
Operating Margin30.5327.9327.7323.5925.9223.2026.4326.3926.90
Net Margin24.4721.9623.0618.8926.0525.4527.0525.0823.40
Shares Outstanding19.1318.5217.8917.8217.6417.5217.4717.4316.40
Market Capitalization1,111.441,111.44939.721,168.481,387.632,104.891,266.011,108.09874.83

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue60.2056.3648.7146.9854.0949.3244.3047.11
Cost of Goods Sold Incl. D&A31.7432.1630.0530.3230.6829.7727.6431.13
Gross Profit28.4724.2018.6716.6623.4119.5516.6615.97
Other Operating Expense6.205.975.565.455.715.645.115.44
Operating Income22.2718.2313.1011.2117.7013.9111.5610.53
Interest Expense4.204.023.213.764.203.622.713.30
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes20.4716.5611.899.4315.3912.1910.649.31
Income Taxes2.441.791.280.821.431.411.160.50
Consolidated Net Income18.0314.7710.618.6113.9610.789.488.80
Net Income From Continuing Operations18.0314.7710.618.6113.9610.789.488.80
Net Income18.0214.7510.598.5913.9410.769.468.78
EPS (Recurring)0.950.790.570.460.770.600.530.49
EPS (Basic, Before Extraordinaries)0.950.790.570.470.770.600.530.49
EPS (Diluted)0.950.790.570.460.770.600.530.49
EBITDA29.9925.1621.2919.7126.2321.4619.4718.34
Non-Operating Income (Expense)2.402.352.001.981.891.901.802.08
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense0.270.160.280.070.130.040.13-
Price To Earnings Ratio20.9823.3922.0721.1622.4522.5926.0022.90
Price To Sales Ratio4.755.104.864.775.044.985.884.92
Gross Margin47.2942.9438.3235.4643.2839.6437.6233.91
Operating Margin36.9932.3526.9023.8532.7328.2126.0922.35
Net Margin29.9226.1821.7318.2825.7721.8121.3518.64
Shares Outstanding19.1318.8418.5818.5218.3418.0217.8917.89
Market Capitalization1,111.441,045.94964.06924.59975.06970.921,146.59939.72

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2.804.232.393.833.534.492.233.714.94
Short Term Receivables28.5729.6197.3424.6822.5821.6319.0919.0517.78
Inventories7.556.726.976.185.365.115.455.414.12
Other Current Assets2.842.421.832.622.882.892.372.642.41
Total Current Assets41.7742.97108.5437.3134.3534.1229.1330.8229.25
Net Property, Plant & Equipment1,161.531,069.701,013.05935.58881.30813.01722.04628.48566.72
Total Investments and Advances1.680.000.000.000.005.9144.271.961.46
Long-Term Note Receivable--------0.44
Other Assets160.76142.50114.47101.56104.36123.42114.43106.5863.72
Total Assets1,365.741,255.171,236.051,074.451,020.01976.47909.88767.83661.14
Short Term Debt Incl. Current Port. of LT Debt36.7031.3151.0973.6620.539.9627.8855.8434.87
Accounts Payable31.3328.0527.6224.8521.1230.4423.3119.3213.93
Income Tax Payable15.9911.9810.5412.168.6210.147.6314.2311.42
Other Current Liabilities9.7811.5514.597.196.346.316.164.964.33
Total Current Liabilities93.8082.89103.83117.8656.6256.8564.9894.3664.54
Long Term Debt380.71355.25361.22293.99310.89278.29236.51152.85139.04
Provision for Risks Charges0.000.000.000.0011.2934.4334.6730.6636.69
Deferred Tax Liabilities110.47101.2388.7477.7869.5061.3054.4147.2743.16
Other Liabilities285.38268.90257.20182.41201.91197.32193.43191.47146.10
Total Liabilities870.36808.28810.98672.04650.21628.18584.00516.61429.53
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value1.341.642.082.082.082.082.082.432.43
Common Equity494.03445.26422.99400.33367.73346.21323.79248.79229.18
Total Shareholders Equity495.37446.90425.07402.41369.81348.29325.88251.22231.61
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity495.37446.90425.07402.41369.81348.29325.88251.22231.61
Total Liabilities & Stockholders Equity1,365.741,255.171,236.051,074.451,020.01976.47909.88767.83661.14
Book Value Per Share26.6724.8923.7422.6920.9919.8118.5715.1714.02
Tangible Book Value Per Share26.6724.8923.7422.6920.9919.8118.5715.1714.02
Full-Time Employees395360355350347348352330315
Price to Book Ratio2.032.132.783.495.733.663.423.522.87
Return on Assets3.273.562.734.053.664.074.044.543.56
Return on Equity9.0910.177.6210.9910.1811.4011.7413.4410.08
Return on Invested Capital4.895.534.016.095.376.136.038.036.15
Quick Ratio0.360.440.980.260.510.510.360.270.39
Current Ratio0.450.521.050.320.610.600.450.330.45

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income52.0142.8244.3531.5242.4336.5438.4233.8932.45
Depreciation31.3432.4928.0429.4427.4826.8020.8417.2315.78
Other Funds (Non Cash)0.08-0.040.490.46-4.59-0.30-1.80-1.610.19
Funds from Operations76.9070.0571.2755.8259.9852.0543.9837.7939.70
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-7.42-7.45-12.54-3.041.38-19.029.38-1.746.16
Income Taxes Payable2.824.021.44-1.633.54-1.522.50-6.592.81
Cash from Operating Activities69.4762.6058.7352.7861.3633.0353.3536.0545.86
Capital Expenditures-108.59-96.35-74.62-90.18-91.33-79.38-105.62-89.12-72.09
Net Assets From Acquisitions-0.15-4.610.000.000.000.000.000.00-
Sale of Fixed Assets and Businesses0.000.000.000.003.120.000.000.00-
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-108.74-100.96-74.62-90.18-88.21-79.38-105.62-89.12-72.09
Cash Dividends Paid-26.89-25.00-23.52-22.56-20.93-19.49-18.30-16.30-15.07
Change in Capital Stock38.3329.790.9712.1110.303.841.1956.431.15
Repurchase of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Sale of Common Pref Stock38.3329.790.9712.1110.303.841.1956.431.15
Proceedsfrom Stock Options38.3329.790.9712.1110.303.841.1956.431.15
Issuance or Reduction of Debt, Net23.8731.41-25.1545.4737.1243.9124.7042.3534.67
Change in Long Term Debt41.7726.16-5.4058.22-5.3832.9142.7070.8614.17
Issuance of Long Term Debt56.3233.472.2475.682.0485.6050.1778.2021.20
Reduction of Long Term Debt-14.55-7.32-7.65-17.46-7.42-52.69-7.47-7.34-7.02
Net Financing Active Other Cash Flow2.272.4265.420.950.6611.228.5811.434.75
Other Financing Activities Uses-0.27-0.37-1.47-0.620.000.000.000.000.00
Cash from Financing Activities37.5838.6117.7335.9627.1539.4816.1793.9125.49
Net Change in Cash-1.690.251.84-1.440.29-6.87-36.0940.84-0.74
Free Cash Flow-39.12-33.76-15.89-37.40-29.97-46.35-52.26-53.07-26.23
Preferred Dividends (Cash Flow)--0.08-0.11-0.12-0.12-0.12-0.12-0.13-0.14
Deferred Taxes & Investment Tax Credit--5.23-1.60-5.60-5.33-10.99-13.49-11.72-8.72

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1.701.802.042.803.382.56
Short Term Receivables35.9333.2929.0428.5733.7333.99
Inventories9.338.988.107.557.316.92
Other Current Assets8.357.957.662.845.186.04
Total Current Assets55.3052.0246.8341.7749.6049.51
Net Property, Plant & Equipment1,238.061,210.991,183.051,161.531,133.661,114.51
Total Investments and Advances1.681.681.681.681.681.68
Other Assets162.59158.80154.49160.76157.02150.20
Total Assets1,457.641,423.481,386.041,365.741,341.961,315.89
Short Term Debt Incl. Current Port. of LT Debt44.4841.6554.6736.7063.2463.43
Accounts Payable34.1531.0229.5031.3328.1430.78
Income Tax Payable18.3618.9722.1215.9915.5415.37
Other Current Liabilities12.0113.0513.389.7811.3511.90
Total Current Liabilities109.00104.70119.6693.80118.28121.48
Long Term Debt393.58397.09373.33380.71352.11353.20
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities118.16113.84111.15110.47110.63107.32
Other Liabilities288.18285.42279.51285.38277.04274.75
Total Liabilities908.93901.05883.65870.36858.06856.75
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value1.091.341.341.341.351.35
Common Equity547.62521.09501.05494.03482.55457.78
Total Shareholders Equity548.71522.43502.39495.37483.90459.13
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity548.71522.43502.39495.37483.90459.13
Total Liabilities & Stockholders Equity1,457.641,423.481,386.041,365.741,341.961,315.89
Book Value Per Share28.6327.6526.9726.6726.3225.41
Tangible Book Value Per Share28.6327.6526.9726.6726.3225.41
Full-Time Employees---395--
Price to Book Ratio2.032.081.951.922.132.16
Return on Assets3.723.503.303.273.353.35
Return on Equity10.079.779.229.099.279.70
Return on Invested Capital1.911.611.210.981.671.33
Quick Ratio0.420.410.320.360.360.35
Current Ratio0.510.500.390.450.420.41

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income18.0314.7710.618.6113.9610.78
Depreciation7.726.938.198.518.537.54
Other Funds (Non Cash)-0.140.410.10-0.29-0.090.08
Funds from Operations23.4820.6416.8215.9521.1216.46
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-0.60-4.24-5.092.51-9.071.84
Income Taxes Payable-0.61-3.146.120.450.17-2.07
Cash from Operating Activities22.8816.4011.7318.4612.0518.30
Capital Expenditures-30.41-32.83-20.64-24.71-21.01-31.72
Net Assets From Acquisitions0.00-0.150.000.000.00-4.61
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-30.41-32.98-20.64-24.71-21.01-36.33
Cash Dividends Paid-6.84-6.73-6.68-6.63-6.14-6.12
Preferred Dividends (Cash Flow)-0.01-0.02-0.02-0.02-0.02-0.02
Change in Capital Stock14.7411.392.829.3816.793.40
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock14.7411.392.829.3816.793.40
Proceedsfrom Stock Options14.7411.392.829.3816.793.40
Issuance or Reduction of Debt, Net-0.5410.9011.342.17-1.1420.94
Change in Long Term Debt-3.6423.90-7.4128.92-0.94-0.26
Issuance of Long Term Debt-0.0224.941.5029.912.680.86
Reduction of Long Term Debt-3.61-1.04-8.90-0.99-3.62-1.12
Net Financing Active Other Cash Flow0.060.780.670.750.281.39
Other Financing Activities Uses-0.00-0.15-0.120.010.00-0.15
Cash from Financing Activities7.4316.348.155.679.7819.61
Net Change in Cash-0.10-0.24-0.76-0.580.821.58
Free Cash Flow-7.53-16.43-8.91-6.25-8.96-13.42

Revenue breakdown

Consolidation, Policy2024: 13.21M 2025: 12.64M
Regulated Tariff-Based Services2024: 178.67M 2025: 182.06M
United States2024: 191.88M 2025: 194.69M
Consolidation, Policy2024: -1.03M 2025: -945.00K
Non-Regulated2024: 13.55M 2025: 12.99M
Regulated2024: 179.36M 2025: 182.65M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.59%0.7M18.7M133.93K
2026-10-153.98%0.7M18.4M134.94K
2026-09-304.40%0.8M18.4M152.10K
2026-09-154.69%0.9M18.4M164.05K
2026-08-314.26%0.8M18.4M165.23K
2026-08-144.57%0.8M18.4M163.22K
2026-07-314.50%0.8M18.4M159.48K
2026-07-155.11%0.9M17.6M175.11K
2026-06-304.88%0.9M17.6M156.45K
2026-06-154.64%0.8M17.6M155.52K
2026-05-294.47%0.8M17.6M155.10K
2026-05-154.68%0.8M17.6M154.46K
2026-04-304.55%0.8M17.6M156.94K
2026-04-154.39%0.8M17.6M135.95K
2026-03-313.89%0.7M17.7M128.19K
2026-03-134.45%0.8M17.7M114.43K
2026-02-274.46%0.8M17.7M121.61K
2026-02-134.83%0.9M17.7M125.10K
2026-01-304.60%0.8M17.6M140.93K
2026-01-154.50%0.8M17.6M145.24K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call30.0025.6030.500.004.3740.000.000.880-0.6000.018
call35.0020.6025.500.003.5730.000.000.852-0.5770.021
call40.0015.6020.500.002.8750.000.000.818-0.5430.024
call45.0010.6015.5011.572.2450.000.000.775-0.4980.027
call50.005.6010.500.001.6540.000.000.718-0.4390.030
call55.000.505.502.951.0663.000.000.634-0.3210.034
call60.000.000.700.700.4012200.000.385-0.1220.035
call65.000.000.050.020.3944880.000.036-0.0160.007
call70.000.005.000.150.5971.000.000.025-0.0180.005
call75.000.005.000.000.7770.000.000.020-0.0190.004
call80.000.005.000.000.9380.000.000.017-0.0200.004
call85.000.005.000.001.0860.000.000.015-0.0210.003
put30.000.005.000.005.9130.000.00-0.119-0.6010.018
put35.000.005.000.004.9010.000.00-0.148-0.5770.021
put40.000.005.000.004.0320.000.00-0.181-0.5430.024
put45.000.005.000.003.2580.000.00-0.224-0.4970.027
put50.000.005.000.572.5402.000.00-0.281-0.4370.030
put55.000.005.001.751.8432.000.00-0.366-0.3190.034
put60.000.105.000.001.0910.000.00-0.608-0.1220.035
put65.005.009.900.001.4740.000.00-0.963-0.0130.007
put70.0010.0014.900.001.9070.000.00-0.974-0.0140.005
put75.0015.0019.900.002.2250.000.00-0.979-0.0150.004
put80.0020.0024.700.002.4360.000.00-0.982-0.0150.004
put85.0025.0029.900.002.7530.000.00-0.984-0.0160.003

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-11SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-07-3010-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-308-KCurrent report2026-07-30SEC
2026-05-208-KCurrent report2026-05-19SEC
2026-04-30SCHEDULE 13GSEC
2026-04-3010-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-04-308-KCurrent report2026-04-30SEC
2026-04-24SCHEDULE 13G/ASEC
2026-04-083Initial statement of beneficial ownership of securities2026-03-26SEC
2026-04-06ARSAnnual report to security holders. 2025-12-31SEC
2026-04-06DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-04-06DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-05-19SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC
2026-04-014Statement of changes in beneficial ownership of securities2026-04-01SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080035.43K1
2026-070000
2026-060000
2026-050000
2026-040000
2026-030016.56K1
2026-02108.62K17.24K1
2026-010000
2025-120000
2025-110033.10K1

Institutional holders

Manager% owned
BlackRock, Inc.16.83%
T. Rowe Price Investment Management, Inc.9.38%
Neuberger Berman Group LLC8.61%
MORGAN STANLEY5.92%
VANGUARD CAPITAL MANAGEMENT LLC4.31%
STATE STREET CORP4.29%
VANGUARD PORTFOLIO MANAGEMENT LLC2.76%
GEODE CAPITAL MANAGEMENT, LLC2.67%
Legal & General Group Plc2.35%
DIMENSIONAL FUND ADVISORS LP1.86%

Funds

Fund% owned
iShares Core S&P Small-Cap ETF6.03%
Neuberger Genesis Fund5.32%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.05%
T. Rowe Price Small-Cap Value Fund, Inc.2.79%
iShares Russell 2000 ETF2.54%
T. Rowe Price Small-Cap Stock Fund, Inc.2.06%
VANGUARD EXTENDED MARKET INDEX FUND1.16%
Fidelity Small Cap Index Fund1.10%
T. Rowe Price Institutional Small-Cap Stock Fund1.09%
State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF0.91%

OakChart. MSEX. Cached 15 minutes.