OverviewSuggest Edit

Middlesex Water is a water utility company, which owns and operates regulated water utility and wastewater systems. The Company's segments include Regulated and Non-Regulated. The Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware.

TypePublic
Founded1897
HQWoodbridge Township, US
Websitemiddlesexwater.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)352(+7%)
Revenue (FY, 2019)$134.5 M(-2%)
Share Price (Oct 2020)$64.7 (-1%)
Cybersecurity ratingBMore

Key People/Management at Middlesex Water

Dennis Doll

Dennis Doll

CPA | Chairman of the Board
Richard M. Risoldi

Richard M. Risoldi

Vice President Operations & Chief Operating Officer
Jay L. Kooper

Jay L. Kooper

Vice President, General Counsel & Secretary
Bernadette M. Sohler

Bernadette M. Sohler

Vice President Corporate Affairs
Gerard L. Esposito

Gerard L. Esposito

President, Tidewater Utilities, Inc.
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Middlesex Water Office Locations

Middlesex Water has offices in Woodbridge Township, Avalon and Dover
Woodbridge Township, US (HQ)
485C US-1 #400, Iselin
Avalon, US
1401 Dune Dr
Dover, US
1100 S Little Creek Rd
Show all (3)

Middlesex Water Financials and Metrics

Middlesex Water Revenue

Middlesex Water's revenue was reported to be $134.46 m in FY, 2019
USD

Revenue (Q2, 2020)

35.2m

Net income (Q2, 2020)

9.7m

EBIT (Q2, 2020)

9.4m

Market capitalization (14-Oct-2020)

1.1b

Closing stock price (14-Oct-2020)

64.7

Cash (30-Jun-2020)

13.2m

EV

1.4b
Middlesex Water's current market capitalization is $1.1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

102.1m110.4m114.8m117.1m126.0m132.9m130.8m137.9m134.5m

Revenue growth, %

2%8%5%

Operating expense total

406.0k1.0m

Depreciation and amortization

12.1m12.8m13.9m15.0m16.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

26.1m28.7m23.5m27.4m32.4m27.0m29.1m31.3m27.2m29.2m32.7m28.8m31.7m34.7m30.6m32.7m37.8m30.1m33.0m36.2m31.1m34.9m38.7m30.7m33.4m37.7m31.7m35.2m

Operating expense total

21.0m

Depreciation and amortization

2.8m2.8m2.8m2.9m2.9m3.0m3.0m3.1m3.2m3.2m3.3m3.4m3.6m3.6m3.7m3.8m4.0m4.1m4.2m4.4m4.6m

EBIT

6.7m8.5m3.9m7.2m10.8m5.9m8.2m10.3m6.0m8.7m11.6m6.7m9.2m11.5m8.3m10.3m14.2m7.8m9.6m12.8m6.4m10.7m12.9m7.0m9.0m12.0m6.5m9.4m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.1m3.0m4.8m2.7m3.5m3.9m4.9m3.7m2.2m

Accounts Receivable

11.3m12.4m11.6m10.0m10.1m10.1m10.8m11.8m11.9m

Prepaid Expenses

1.6m2.3m1.7m2.0m2.0m2.4m2.6m2.4m

Inventories

2.0m1.4m2.0m2.3m2.6m4.1m4.1m5.4m5.4m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

13.4m14.4m16.6m18.4m20.0m22.7m22.8m32.5m33.9m

Depreciation and Amortization

10.4m11.2m11.9m12.2m13.1m13.5m14.8m15.8m17.2m

Accounts Payable

(697.0k)(1.9m)2.5m26.0k171.0k5.8m1.6m5.4m4.0m

Cash From Operating Activities

22.8m29.6m33.8m32.6m51.2m47.1m42.8m45.9m36.1m
USDQ2, 2011

Debt/Equity

0.4 x

Debt/Assets

0.3 x

Financial Leverage

1.6 x
Show all financial metrics

Middlesex Water Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Middlesex Water Online and Social Media Presence

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Middlesex Water News and Updates

Middlesex Water CEO Dennis Doll to Participate in Janney Virtual Utilities Conference

ISELIN, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company has announced that its Chairman, President and CEO Dennis Doll will be participating in a Virtual Utilities Conference hosted by Janney Montgomery Scott on Wednesday, September 16 at 8 a.m. EDT.  Mr. Doll will provide an over…

Middlesex Water Employee Donations Support Coronavirus Relief

ISELIN, N.J., June 03, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), has announced that through its COVID-19 relief efforts, to date, the Company and its employees have contributed over $61,000 to fourteen separate organizations in New Jersey and Delaware.  The donations from em…

Middlesex Water Company Hosts Annual Meeting of Shareholders

ISELIN, N.J., May 21, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online on May 19, 2020 at which shareholders re-elected James F. Cosgrove, Jr. to a three-year term on t…

Middlesex Water Company Announces Pricing of Public Offering of Common Stock

ISELIN, N.J., Nov. 19, 2019 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX), a provider of regulated and unregulated water and wastewater utility services, announced today the pricing of its previously announced underwritten public offering of common stock.…

Middlesex Water Company Concludes Its Common Stock 5% Discount Purchase Program

ISELIN, N.J., Aug. 05, 2019 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) today announced that it has reached the 200,000 share purchase limit established for its Common Stock 5% Discount window. 

Middlesex Water Company Announces Second Quarter 2019 Financial Results

ISELIN, N.J., July 31, 2019 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex”), (Nasdaq:MSEX), a provider of water, wastewater and related services primarily in New Jersey and Delaware, today reported financial results for the second quarter ended June 30, 2019.
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Middlesex Water Blogs

Essential Employees Keep Water Flowing

Essential Employees Keep Water Flowing By Dennis W. Doll The first full week of May each year is designated Drinking Water Week by the American Water Works Association. During this week, special attention is given to water professionals to recognize the critical role water plays in the daily lives o…

Middlesex Water Company Board Appoints Walter G. Reinhard as Lead Independent Director

ISELIN, N.J. , May 06, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has unanimously appointed Walter G. Reinhard as the Lead Independent Director of the Board of Directors effective May 19, 2020 .  Mr.

Middlesex Water Company Reports First Quarter 2020 Financial Results

Middlesex Water Company Reports First Quarter 2020 Financial Results Content Import Tue, 05/05/2020 - 16:34 Middlesex Water Company Reports First Quarter 2020 Financial Results May 5, 2020 at 4:34 PM EDT This release is a backfill from a News Wire …

Middlesex Water Company Announces Decision to Host Virtual Annual Meeting

Middlesex Water Company Announces Decision to Host Virtual Annual Meeting Content Import Wed, 04/29/2020 - 13:10 Middlesex Water Company Announces Decision to Host Virtual Annual Meeting April 29, 2020 at 1:09 PM EDT This release is a backfill from a News Wire…

The Secret Sauce of Corporate Social Responsibility

A lot has been said about the responsibility of today’s companies to practice sustainability and good corporate citizenship.  While these terms are often used interchangeably, the concepts are actually separate and distinct.  Corporate social responsibility balances current stakeholder interests whi…

Middlesex Water Continues Investment in System Reliability and Resiliency

ISELIN, N.J. , March 24, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that despite the current COVID-19 crisis, the company is maintaining reliable utility services as well as continuing its ongoing construction projects designed to maintain and enhance the
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Middlesex Water Frequently Asked Questions

  • When was Middlesex Water founded?

    Middlesex Water was founded in 1897.

  • Who are Middlesex Water key executives?

    Middlesex Water's key executives are Dennis Doll, Richard M. Risoldi and Jay L. Kooper.

  • How many employees does Middlesex Water have?

    Middlesex Water has 352 employees.

  • What is Middlesex Water revenue?

    Latest Middlesex Water annual revenue is $134.5 m.

  • What is Middlesex Water revenue per employee?

    Latest Middlesex Water revenue per employee is $382 k.

  • Who are Middlesex Water competitors?

    Competitors of Middlesex Water include Aegion, L. Darryl Armstrong & Associates Behavioral Public Relations and Chambers, Conlon & Hartwell.

  • Where is Middlesex Water headquarters?

    Middlesex Water headquarters is located at 485C US-1 #400, Iselin, Woodbridge Township.

  • Where are Middlesex Water offices?

    Middlesex Water has offices in Woodbridge Township, Avalon and Dover.

  • How many offices does Middlesex Water have?

    Middlesex Water has 3 offices.