Middlesex Water (MSEX) Operating Expenses (2010 - 2026)
Middlesex Water recorded quarterly Operating Expenses of $35.6 million in Q1 2026, little changed quarter-over-quarter from $35.8 million in Q4 2025, and up 8.76% year-over-year from $32.7 million in Q1 2025.
Middlesex Water's Operating Expenses history runs 17 years deep, the most recent figure standing at $35.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 8.76% year-over-year to $35.6 million; the TTM figure through Mar 2026 stood at $143.2 million (up 1.73% YoY), while the FY2025 annual figure was $140.3 million, up 1.19% from the prior year.
- Operating Expenses came in at $35.6 million for Q1 2026 at Middlesex Water, roughly flat from $35.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $37.6 million in Q3 2024 to a low of $28.9 million in Q1 2022.
- A 5-year average of $33.1 million and a median of $32.7 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses advanced 20.48% in 2024 and retreated 3.22% in 2025, its largest moves.
- Middlesex Water's Operating Expenses stood at $30.7 million in 2022, then decreased by 1.03% to $30.4 million in 2023, then advanced by 20.48% to $36.6 million in 2024, then fell by 2.2% to $35.8 million in 2025, then declined by 0.45% to $35.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $35.6 million, $35.8 million, and $36.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 816.00 Mn |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | -7.90 Mn |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 551.12 Mn |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 119.24 Mn |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | 196.41 Mn |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 145.87 Mn |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 35.61 Mn |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 10.68 Mn |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 13.72 Mn |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 21.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.61 Mn |
| Dec 31, 2025 | 35.77 Mn |
| Sep 30, 2025 | 36.39 Mn |
| Jun 30, 2025 | 35.41 Mn |
| Mar 31, 2025 | 32.74 Mn |
| Dec 31, 2024 | 36.58 Mn |
| Sep 30, 2024 | 37.60 Mn |
| Jun 30, 2024 | 33.83 Mn |
| Mar 31, 2024 | 30.66 Mn |
| Dec 31, 2023 | 30.36 Mn |
| Sep 30, 2023 | 33.89 Mn |
| Jun 30, 2023 | 32.13 Mn |
| Mar 31, 2023 | 30.67 Mn |
| Dec 31, 2022 | 30.68 Mn |
| Sep 30, 2022 | 31.16 Mn |
| Jun 30, 2022 | 29.60 Mn |
| Mar 31, 2022 | 28.91 Mn |
| Dec 31, 2021 | 27.69 Mn |
| Sep 30, 2021 | 28.45 Mn |
| Jun 30, 2021 | 26.89 Mn |
| Mar 31, 2021 | 26.91 Mn |
| Dec 31, 2020 | 26.30 Mn |
| Sep 30, 2020 | 26.74 Mn |
| Jun 30, 2020 | 25.89 Mn |
| Mar 31, 2020 | 25.24 Mn |
| Dec 31, 2019 | 25.18 Mn |
| Sep 30, 2019 | 25.79 Mn |
| Jun 30, 2019 | 24.44 Mn |
| Mar 31, 2019 | 23.67 Mn |
| Dec 31, 2018 | 26.12 Mn |
| Sep 30, 2018 | 25.80 Mn |
| Jun 30, 2018 | 24.20 Mn |
| Mar 31, 2018 | 24.83 Mn |
| Dec 31, 2017 | 23.19 Mn |
| Sep 30, 2017 | 23.57 Mn |
| Jun 30, 2017 | 23.66 Mn |
| Mar 31, 2016 | 22.28 Mn |
| Dec 31, 2015 | 22.46 Mn |
| Sep 30, 2015 | 23.19 Mn |
| Jun 30, 2015 | 22.43 Mn |
| Mar 31, 2015 | 22.10 Mn |
| Dec 31, 2014 | 20.05 Mn |
| Sep 30, 2014 | 21.05 Mn |
| Jun 30, 2014 | 20.44 Mn |
| Mar 31, 2014 | 21.21 Mn |
| Dec 31, 2013 | 20.76 Mn |
| Sep 30, 2013 | 21.02 Mn |
| Mar 31, 2013 | 21.17 Mn |
| Dec 31, 2012 | 21.36 Mn |
| Sep 30, 2012 | 21.51 Mn |
| Jun 30, 2012 | 20.19 Mn |
| Mar 31, 2012 | 19.67 Mn |
| Dec 31, 2011 | 19.12 Mn |
| Sep 30, 2011 | 20.16 Mn |
| Jun 30, 2011 | 19.36 Mn |
| Mar 31, 2011 | 19.23 Mn |
| Dec 31, 2010 | 19.57 Mn |
| Sep 30, 2010 | 19.56 Mn |
| Jun 30, 2010 | 18.64 Mn |