Growth Metrics

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

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DateValue
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