Middlesex Water (MSEX) Operating Expenses (2010 - 2026)
Middlesex Water (MSEX) posted Operating Expenses of $38.1 million for Q2 2026, up 7.07% sequentially from $35.6 million in Q1 2026, and up 7.67% YoY from $35.4 million in Q2 2025.
Middlesex Water (MSEX) Operating Expenses (2010 - 2026) Analysis & Trends
Middlesex Water has reported Operating Expenses for 17 years, with the latest figure at $38.1 million in Q2 2026.
- Quarterly Operating Expenses rose 7.67% year-over-year to $38.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $145.9 million (up 2.51% YoY) and the FY2025 annual result came in at $140.3 million, up 1.19% from the prior year.
- Operating Expenses improved to $38.1 million in Q2 2026 per MSEX's latest filing, from $35.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $38.1 million in Q2 2026 and troughed at $28.9 million in Q1 2022.
- A 5-year average of $33.3 million and a median of $33.3 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses climbed 20.48% in 2024, then decreased 3.22% in 2025.
- Over 5 years, Operating Expenses stood at $30.7 million in 2022, then slipped by 1.03% to $30.4 million in 2023, then climbed by 20.48% to $36.6 million in 2024, then retreated by 2.2% to $35.8 million in 2025, then increased by 6.58% to $38.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $38.1 million, $35.6 million, and $35.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.19 Bn | 26.00 Bn | - | 813.00 Mn |
| 2 | Essential Utilities | 11.15 Bn | 11.14 Bn | - | 337.58 Mn |
| 3 | American States Water | 3.34 Bn | 3.32 Bn | 278.03 Mn | 119.24 Mn |
| 4 | California Water Service | 2.98 Bn | 2.89 Bn | 263.45 Mn | 237.70 Mn |
| 5 | H2O America | 2.57 Bn | 2.46 Bn | 197.11 Mn | 167.72 Mn |
| 6 | Middlesex Water | 1.08 Bn | 1.08 Bn | - | 38.13 Mn |
| 7 | York Water | 512.72 Mn | 512.16 Mn | - | 13.71 Mn |
| 8 | Consolidated Water | 512.16 Mn | 385.83 Mn | 10.92 Mn | 9.10 Mn |
| 9 | Artesian Resources | 358.76 Mn | 354.50 Mn | 26.56 Mn | 21.50 Mn |
| 10 | Pure Cycle | 272.25 Mn | 263.81 Mn | 4.29 Mn | 2.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.13 Mn |
| 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 |