Middlesex Water annual operating expenses
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2025
Middlesex Water Operating Expenses Growth & History (MSEX)
Middlesex Water's operating expenses was $140.3M for fiscal 2025.
View full Middlesex Water company overviewMiddlesex Water annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $140.3M | $1.7M | +1.19% |
| 2024 | 2024-12-31 | $138.7M | $11.6M | +9.14% |
| 2023 | 2023-12-31 | $127.1M | $6.7M | +5.58% |
| 2022 | 2022-12-31 | $120.3M | $10.4M | +9.46% |
| 2021 | 2021-12-31 | $109.9M | $5.8M | +5.53% |
| 2020 | 2020-12-31 | $104.2M | $5.1M | +5.14% |
| 2019 | 2019-12-31 | $99.1M | −$1.9M | −1.84% |
| 2018 | 2018-12-31 | $100.9M | $8.0M | +8.56% |
| 2017 | 2017-12-31 | $93.0M | $373,000 | +0.40% |
| 2016 | 2016-12-31 | $92.6M | $2.4M | +2.68% |
| 2015 | 2015-12-31 | $90.2M | $7.4M | +8.99% |
| 2014 | 2014-12-31 | $82.7M | −$1.1M | −1.35% |
| 2013 | 2013-12-31 | $83.9M | $1.1M | +1.38% |
| 2012 | 2012-12-31 | $82.7M | $4.9M | +6.25% |
| 2011 | 2011-12-31 | $77.9M | $1.7M | +2.27% |
| 2010 | 2010-12-31 | $76.1M | $5.1M | +7.11% |
| 2009 | 2009-12-31 | $71.1M | — | — |
Middlesex Water quarterly operating expenses
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $38.1M | $2.7M | +7.67% |
| Q1 2026 | 2026-03-31 | $35.6M | $2.9M | +8.76% |
| Q4 2025 | 2025-12-31 | $35.8M | −$803,000 | −2.20% |
| Q3 2025 | 2025-09-30 | $36.4M | −$1.2M | −3.22% |
| Q2 2025 | 2025-06-30 | $35.4M | $1.6M | +4.67% |
| Q1 2025 | 2025-03-31 | $32.7M | $2.1M | +6.80% |
| Q4 2024 | 2024-12-31 | $36.6M | $6.2M | +20.48% |
| Q3 2024 | 2024-09-30 | $37.6M | $3.7M | +10.93% |
| Q2 2024 | 2024-06-30 | $33.8M | $1.7M | +5.29% |
| Q1 2024 | 2024-03-31 | $30.7M | −$7,000 | −0.02% |
| Q4 2023 | 2023-12-31 | $30.4M | −$316,000 | −1.03% |
| Q3 2023 | 2023-09-30 | $33.9M | $2.7M | +8.78% |
| Q2 2023 | 2023-06-30 | $32.1M | $2.5M | +8.57% |
| Q1 2023 | 2023-03-31 | $30.7M | $1.8M | +6.09% |
| Q4 2022 | 2022-12-31 | $30.7M | $3.0M | +10.80% |
| Q3 2022 | 2022-09-30 | $31.2M | $2.7M | +9.51% |
| Q2 2022 | 2022-06-30 | $29.6M | $2.7M | +10.07% |
| Q1 2022 | 2022-03-31 | $28.9M | $2.0M | +7.43% |
| Q4 2021 | 2021-12-31 | $27.7M | $1.4M | +5.29% |
| Q3 2021 | 2021-09-30 | $28.4M | $1.7M | +6.38% |
| Q2 2021 | 2021-06-30 | $26.9M | $995,000 | +3.84% |
| Q1 2021 | 2021-03-31 | $26.9M | $1.7M | +6.60% |
| Q4 2020 | 2020-12-31 | $26.3M | $1.1M | +4.43% |
| Q3 2020 | 2020-09-30 | $26.7M | $957,000 | +3.71% |
| Q2 2020 | 2020-06-30 | $25.9M | $1.4M | +5.93% |
| Q1 2020 | 2020-03-31 | $25.2M | $1.6M | +6.64% |
| Q4 2019 | 2019-12-31 | $25.2M | −$936,000 | −3.58% |
| Q3 2019 | 2019-09-30 | $25.8M | −$9,000 | −0.03% |
| Q2 2019 | 2019-06-30 | $24.4M | $245,000 | +1.01% |
| Q1 2019 | 2019-03-31 | $23.7M | −$1.2M | −4.66% |
| Q4 2018 | 2018-12-31 | $26.1M | $2.9M | +12.60% |
| Q3 2018 | 2018-09-30 | $25.8M | $2.2M | +9.43% |
| Q2 2018 | 2018-06-30 | $24.2M | $542,000 | +2.29% |
| Q1 2018 | 2018-03-31 | $24.8M | $2.3M | +10.07% |
| Q4 2017 | 2017-12-31 | $23.2M | −$1.1M | −4.53% |
| Q3 2017 | 2017-09-30 | $23.6M | −$65,000 | −0.27% |
| Q2 2017 | 2017-06-30 | $23.7M | $1.3M | +5.62% |
| Q1 2017 | 2017-03-31 | $22.6M | $279,000 | +1.25% |
| Q4 2016 | 2016-12-31 | $24.3M | $1.8M | +8.13% |
| Q3 2016 | 2016-09-30 | $23.6M | $444,000 | +1.91% |
| Q2 2016 | 2016-06-30 | $22.4M | −$34,000 | −0.15% |
| Q1 2016 | 2016-03-31 | $22.3M | $182,000 | +0.82% |
| Q4 2015 | 2015-12-31 | $22.5M | $2.4M | +12.05% |
| Q3 2015 | 2015-09-30 | $23.2M | $2.1M | +10.19% |
| Q2 2015 | 2015-06-30 | $22.4M | $2.0M | +9.72% |
| Q1 2015 | 2015-03-31 | $22.1M | $889,000 | +4.19% |
| Q4 2014 | 2014-12-31 | $20.0M | −$708,000 | −3.41% |
| Q3 2014 | 2014-09-30 | $21.0M | $34,000 | +0.16% |
| Q2 2014 | 2014-06-30 | $20.4M | −$488,000 | −2.33% |
| Q1 2014 | 2014-03-31 | $21.2M | $33,000 | +0.16% |
| Q4 2013 | 2013-12-31 | $20.8M | −$605,000 | −2.83% |
| Q3 2013 | 2013-09-30 | $21.0M | −$495,000 | −2.30% |
| Q2 2013 | 2013-06-30 | $20.9M | $740,000 | +3.66% |
| Q1 2013 | 2013-03-31 | $21.2M | $1.5M | +7.65% |
| Q4 2012 | 2012-12-31 | $21.4M | $2.2M | +11.72% |
| Q3 2012 | 2012-09-30 | $21.5M | $1.4M | +6.72% |
| Q2 2012 | 2012-06-30 | $20.2M | $827,000 | +4.27% |
| Q1 2012 | 2012-03-31 | $19.7M | $441,000 | +2.29% |
| Q4 2011 | 2011-12-31 | $19.1M | — | — |
| Q3 2011 | 2011-09-30 | $20.2M | $591,000 | +3.02% |
| Q2 2011 | 2011-06-30 | $19.4M | $720,000 | +3.86% |
| Q1 2011 | 2011-03-31 | $19.2M | — | — |
| Q3 2010 | 2010-09-30 | $19.6M | — | — |
| Q2 2010 | 2010-06-30 | $18.6M | — | — |
Middlesex Water operating expenses trends
Over the last five fiscal years, Middlesex Water's operating expenses increased from $104.2M to $140.3M, a change of $36.1M. The latest reported quarter, Q2 2026, shows $38.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Middlesex Water source filings ↗