MSEX MIDDLESEX WATER CO
FY2025 10-K
MIDDLESEX WATER CO (MSEX) filed its fiscal year 2025 10-K annual report with the SEC on Feb 19, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: Water utility services primarily focused on regulated water supply and wastewater operations
- • No new products, services, or segments introduced or emphasized this year
Management Discussion & Analysis
- • Revenue $194.7M in 2025, up $2.8M YoY; regulated up mainly from Middlesex +$1.5M and Tidewater +$1.6M, non-regulated down $0.6M
- • Operating margin 27.9% in 2025 vs 27.7% in 2024 (Operating income $54.4M/$194.7M vs $53.2M/$191.9M)
Risk Factors
- • Compliance risk under Federal Safe Drinking Water Act and NJDEP regulations with potential fines and remediation costs from contamination or water quality violations
- • Concentration risk in New Jersey and Delaware markets with exposure to local regulatory, economic, demographic, and weather conditions impacting revenues
Get deeper insights on MIDDLESEX WATER CO
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.