Regulated was Middlesex Water’s largest segment in fiscal 2025, bringing in $182.65M of $195.64M (93%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regulated | $151.12M | $154.62M | $179.36M | $182.65M | ||||||||||
| Regulatedandunregulatedoperatingrevenue | — | — | — | — | ||||||||||
| Non – Regulated | $12.45M | $12.77M | $13.55M | $12.99M | ||||||||||
| Non - Regulated | — | — | — | — | ||||||||||
| Inter-Segment Elimination | -$1.13M | — | — | — | ||||||||||
| Inter Segment Elimination | — | — | — | — | ||||||||||
| Total | $162.43M | $167.39M | $192.91M | $195.64M |
Middlesex Water brought in $195.64M from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 1.4% from $192.91M in fiscal 2024. Regulated was the largest at $182.65M (93.4%), ahead of Non – Regulated at $12.99M (6.6%).
Compared with fiscal 2024, Regulated grew 1.8% to $182.65M, while Non – Regulated fell 4.2% to $12.99M.
Middlesex Water (MSEX) reports its revenue by segment. In fiscal 2025, Regulated was its largest segment, bringing in $182.65M (93.4% of the total), followed by Non – Regulated at $12.99M (6.6%).
Regulated was Middlesex Water's largest segment in fiscal 2025, bringing in $182.65M, or 93.4% of the $195.64M total across its two segments.
Regulated grew faster than Non – Regulated in fiscal 2025, up 1.8% from $179.36M to $182.65M. Non – Regulated fell 4.2% to $12.99M.
Every figure comes from Middlesex Water's annual financial filings, as reported. Each line keeps the name Middlesex Water gives it, and years follow its fiscal calendar.
Middlesex Water's revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.