2024 Q4 Form 10-Q Financial Statement

#000117494724001201 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $55.07M
YoY Change 17.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.309M
YoY Change -1.05%
% of Gross Profit
Operating Expenses $37.60M
YoY Change 10.93%
Operating Profit $17.50M
YoY Change 36.49%
Interest Expense $3.411M
YoY Change -3.04%
% of Operating Profit 19.49%
Other Income/Expense, Net $1.968M
YoY Change 37.43%
Pretax Income $16.06M
YoY Change 49.57%
Income Tax $1.739M
% Of Pretax Income 10.83%
Net Earnings $14.32M
YoY Change 43.33%
Net Earnings / Revenue 26.0%
Basic Earnings Per Share $0.80
Diluted Earnings Per Share $0.80
COMMON SHARES
Basic Shares Outstanding 17.86M shares 17.83M shares
Diluted Shares Outstanding 17.95M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.344M
YoY Change 111.47%
Cash & Equivalents $6.344M
Short-Term Investments
Other Short-Term Assets $16.55M
YoY Change 16.54%
Inventory $6.550M
Prepaid Expenses $3.131M
Receivables $22.70M
Other Receivables $0.00
Total Short-Term Assets $52.15M
YoY Change -61.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.052B
YoY Change 5.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $125.2M
YoY Change 245333.33%
Total Long-Term Assets $1.177B
YoY Change 6.3%
TOTAL ASSETS
Total Short-Term Assets $52.15M
Total Long-Term Assets $1.177B
Total Assets $1.230B
YoY Change -1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.36M
YoY Change 13.11%
Accrued Expenses $2.396M
YoY Change -22.71%
Deferred Revenue $1.555M
YoY Change
Short-Term Debt $17.50M
YoY Change -58.63%
Long-Term Debt Due $358.9M
YoY Change 4721.18%
Total Short-Term Liabilities $79.91M
YoY Change -34.12%
LONG-TERM LIABILITIES
Long-Term Debt $352.3M
YoY Change -0.56%
Other Long-Term Liabilities $437.0K
YoY Change -35.83%
Total Long-Term Liabilities $352.7M
YoY Change -0.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $79.91M
Total Long-Term Liabilities $352.7M
Total Liabilities $432.6M
YoY Change -9.16%
SHAREHOLDERS EQUITY
Retained Earnings $194.4M
YoY Change 10.22%
Common Stock $247.6M
YoY Change 1.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $441.9M
YoY Change
Total Liabilities & Shareholders Equity $1.230B
YoY Change -1.11%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $14.32M
YoY Change 43.33%
Depreciation, Depletion And Amortization $6.309M
YoY Change -1.05%
Cash From Operating Activities $19.46M
YoY Change 81.83%
INVESTING ACTIVITIES
Capital Expenditures $20.74M
YoY Change -7.52%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$20.74M
YoY Change -7.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -394.0K
YoY Change -103.81%
NET CHANGE
Cash From Operating Activities 19.46M
Cash From Investing Activities -20.74M
Cash From Financing Activities -394.0K
Net Change In Cash -1.681M
YoY Change 20.07%
FREE CASH FLOW
Cash From Operating Activities $19.46M
Capital Expenditures $20.74M
Free Cash Flow -$1.287M
YoY Change -89.03%

Facts In Submission

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3757000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2873000 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-4019000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
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11000 usd
us-gaap Increase Decrease In Pension And Postretirement Obligations
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us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
165000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
94000 usd
msex Increase Decreasein Recovered Costs Environmental Litigation Settlement
IncreaseDecreaseinRecoveredCostsEnvironmentalLitigationSettlement
8774000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2245000 usd
us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37335000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39986000 usd
us-gaap Allowance For Funds Used During Construction Investing Activities
AllowanceForFundsUsedDuringConstructionInvestingActivities
322000 usd
us-gaap Allowance For Funds Used During Construction Investing Activities
AllowanceForFundsUsedDuringConstructionInvestingActivities
862000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49480000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73074000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Repayments Of Long Term Debt
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6438000 usd
us-gaap Repayments Of Long Term Debt
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16460000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
592000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
70640000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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msex Proceeds From Environmental Litigation Settlement
ProceedsFromEnvironmentalLitigationSettlement
63635000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
54000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
123000 usd
us-gaap Proceeds From Stock Plans
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1350000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
619000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
740000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9025000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17326000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16600000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
89000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
90000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1639000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-283000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16099000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32230000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3954000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-858000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2390000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3828000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6344000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2970000 usd
us-gaap Contribution Of Property
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6959000 usd
us-gaap Contribution Of Property
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5954000 usd
msex Litigation Settlement Receivable
LitigationSettlementReceivable
-6237000 usd
msex Litigation Settlement Receivable
LitigationSettlementReceivable
93163000 usd
msex Litigation Settlements Payable
LitigationSettlementsPayable
-6237000 usd
msex Litigation Settlements Payable
LitigationSettlementsPayable
27949000 usd
us-gaap Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
194000 usd
us-gaap Interest Paid Net
InterestPaidNet
11695000 usd
us-gaap Interest Paid Net
InterestPaidNet
9589000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
322000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
862000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2413000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2716000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17855000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17821000 shares
CY2024Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
247576000 usd
CY2023Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
246764000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
194359000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
176227000 usd
CY2024Q3 us-gaap Partners Capital
PartnersCapital
441935000 usd
CY2023Q4 us-gaap Partners Capital
PartnersCapital
422991000 usd
CY2024Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
120000 usd
CY2023Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
120000 usd
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
19000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
21000 shares
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1889000 usd
CY2023 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2084000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
358889000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
364736000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Premium Current
DebtInstrumentUnamortizedPremiumCurrent
6386000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Premium Current
DebtInstrumentUnamortizedPremiumCurrent
6529000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
5248000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
5372000 usd
CY2024Q3 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
7745000 usd
CY2023Q4 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
7740000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
352282000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
358153000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
400328000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5868000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
2342000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
360000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5513000 usd
CY2023Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
30000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
403355000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
9901000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3402000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
27000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
360000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5538000 usd
CY2023Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
30000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
411477000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
9990000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3281000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
424000 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5549000 usd
CY2023Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
30000 usd
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
10000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
419583000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
422991000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
10682000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
252000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5738000 usd
CY2024Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
30000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
427692000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
10546000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
253000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
397000 usd
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5793000 usd
CY2024Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
30000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
432878000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
14319000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
182000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
186000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-194000 usd
CY2024Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5795000 usd
CY2024Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
29000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
441935000 usd
us-gaap Public Utilities Approved Rate Increase Decrease Amount
PublicUtilitiesApprovedRateIncreaseDecreaseAmount
563100000 usd
us-gaap Public Utilities Approved Return On Equity Percentage
PublicUtilitiesApprovedReturnOnEquityPercentage
0.096 pure
us-gaap Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
4100000 usd
CY2024Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
1800000 usd
CY2024Q2 msex Surcharge For Costs Incurred
SurchargeForCostsIncurred
1400000 usd
CY2024Q3 us-gaap Regulated Operating Revenue Water
RegulatedOperatingRevenueWater
10300000 usd
CY2024Q3 msex Percentage Of Current Revenue
PercentageOfCurrentRevenue
0.2566 pure
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
13498000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
700000 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
118501000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9000000 usd
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
1000000 usd
CY2024Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
7
CY2024Q3 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
22188000 shares
CY2024Q3 us-gaap Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
0 pure
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
129602000 usd
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
127760000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
133374000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
131745000 usd
CY2024Q3 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
229300000 usd
CY2023Q4 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
231300000 usd
CY2024Q3 msex Customer Advances For Construction Work
CustomerAdvancesForConstructionWork
21500000 usd
CY2023Q4 msex Customer Advances For Construction Work
CustomerAdvancesForConstructionWork
21300000 usd
CY2024Q3 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
7
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
14319000 usd
CY2024Q3 msex Net Income Attributable To Number Of Basic Shares
NetIncomeAttributableToNumberOfBasicShares
17838000 shares
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
9990000 usd
CY2023Q3 msex Net Income Attributable To Number Of Basic Shares
NetIncomeAttributableToNumberOfBasicShares
17758000 shares
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
29000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
30000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14290000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17838000 shares
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9960000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17758000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.8
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14290000 usd
CY2024Q3 msex Earnings Applicable To Common Stock Dilutive Shares Before Adjustment
EarningsApplicableToCommonStockDilutiveSharesBeforeAdjustment
17838000 shares
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9960000 usd
CY2023Q3 msex Earnings Applicable To Common Stock Dilutive Shares Before Adjustment
EarningsApplicableToCommonStockDilutiveSharesBeforeAdjustment
17758000 shares
CY2024Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
CY2024Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
CY2023Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
CY2023Q3 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
CY2024Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
17000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
114000 shares
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
17000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
115000 shares
CY2024Q3 msex Adjusted Earnings Applicable To Common Stock Diluted
AdjustedEarningsApplicableToCommonStockDiluted
14307000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17952000 shares
CY2023Q3 msex Adjusted Earnings Applicable To Common Stock Diluted
AdjustedEarningsApplicableToCommonStockDiluted
9977000 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17873000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.8
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
us-gaap Net Income Loss
NetIncomeLoss
35547000 usd
msex Net Income Attributable To Number Of Basic Shares
NetIncomeAttributableToNumberOfBasicShares
17828000 shares
us-gaap Net Income Loss
NetIncomeLoss
25759000 usd
msex Net Income Attributable To Number Of Basic Shares
NetIncomeAttributableToNumberOfBasicShares
17708000 shares
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
89000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
90000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35458000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17828000 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25669000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17708000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.99
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.45
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
35458000 usd
msex Earnings Applicable To Common Stock Dilutive Shares Before Adjustment
EarningsApplicableToCommonStockDilutiveSharesBeforeAdjustment
17828000 shares
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
25669000 usd
msex Earnings Applicable To Common Stock Dilutive Shares Before Adjustment
EarningsApplicableToCommonStockDilutiveSharesBeforeAdjustment
17708000 shares
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
7
us-gaap Dividends Preferred Stock
DividendsPreferredStock
50000 usd
us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
115000 shares
us-gaap Dividends Preferred Stock
DividendsPreferredStock
51000 usd
us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
115000 shares
msex Adjusted Earnings Applicable To Common Stock Diluted
AdjustedEarningsApplicableToCommonStockDiluted
35508000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17943000 shares
msex Adjusted Earnings Applicable To Common Stock Diluted
AdjustedEarningsApplicableToCommonStockDiluted
25720000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17823000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segments
CY2024Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
55100000 usd
CY2023Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
46715000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
144770000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
127672000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
17501000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
12822000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
42681000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
30980000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
14319000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
9990000 usd
us-gaap Net Income Loss
NetIncomeLoss
35547000 usd
us-gaap Net Income Loss
NetIncomeLoss
25759000 usd
CY2024Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
20743000 usd
CY2023Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22439000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
49480000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
73074000 usd
CY2024Q3 us-gaap Assets
Assets
1229615000 usd
CY2023Q4 us-gaap Assets
Assets
1236052000 usd
CY2024Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
140000000 usd
CY2024Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
17500000 usd
CY2024Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
122500000 usd
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
140000000 usd
CY2024Q3 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
23476000 usd
CY2023Q3 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
25015000 usd
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
44620000 usd
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
32860000 usd
CY2024Q3 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0641 pure
CY2023Q3 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0637 pure
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0642 pure
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0589 pure
msex Average Purchase Of Gallons
AveragePurchaseOfGallons
47 l
CY2024Q3 msex Cost Of Treated Water
CostOfTreatedWater
796000 usd
CY2023Q3 msex Cost Of Treated Water
CostOfTreatedWater
1607000 usd
msex Cost Of Treated Water
CostOfTreatedWater
2697000 usd
msex Cost Of Treated Water
CostOfTreatedWater
4353000 usd
CY2024Q3 msex Cost Of Untreated Water
CostOfUntreatedWater
611000 usd
CY2023Q3 msex Cost Of Untreated Water
CostOfUntreatedWater
812000 usd
msex Cost Of Untreated Water
CostOfUntreatedWater
2322000 usd
msex Cost Of Untreated Water
CostOfUntreatedWater
2352000 usd
CY2024Q3 us-gaap Cost Of Purchased Water
CostOfPurchasedWater
1407000 usd
CY2023Q3 us-gaap Cost Of Purchased Water
CostOfPurchasedWater
2419000 usd
us-gaap Cost Of Purchased Water
CostOfPurchasedWater
5019000 usd
us-gaap Cost Of Purchased Water
CostOfPurchasedWater
6705000 usd
CY2024Q3 msex Estimated Incremental Borrowing Rate
EstimatedIncrementalBorrowingRate
0.0403 pure
CY2024Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
200000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
200000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
600000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
600000 usd
CY2024Q3 msex Right Of Use Asset At Lease Inception
RightOfUseAssetAtLeaseInception
7300000 usd
CY2023Q4 msex Right Of Use Asset At Lease Inception
RightOfUseAssetAtLeaseInception
7300000 usd
CY2024Q3 msex Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
4600000 usd
CY2023Q4 msex Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
4100000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2700000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3200000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
200000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
800000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
900000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
900000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
900000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
900000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4600000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1400000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3200000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2600000 usd
msex Estimatedobligationexpenditure
Estimatedobligationexpenditure
14500000 usd
us-gaap Loss Contingency Settlement Agreement Date1
LossContingencySettlementAgreementDate1
2024-08-30
us-gaap Pension Contributions
PensionContributions
2000000 usd
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
900000 usd
CY2024Q3 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
3208000 usd
CY2023Q3 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
3137000 usd
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
9588000 usd
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
9309000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
55069000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
46690000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
144677000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
127561000 usd
CY2024Q3 us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
391000 usd
CY2023Q3 us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
210000 usd
us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
595000 usd
us-gaap Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
373000 usd
CY2024Q3 msex Other Nonregulated Revenues
OtherNonregulatedRevenues
117000 usd
CY2023Q3 msex Other Nonregulated Revenues
OtherNonregulatedRevenues
114000 usd
msex Other Nonregulated Revenues
OtherNonregulatedRevenues
350000 usd
msex Other Nonregulated Revenues
OtherNonregulatedRevenues
340000 usd
CY2024Q3 msex Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
-477000 usd
CY2023Q3 msex Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
-299000 usd
msex Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
-852000 usd
msex Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
-602000 usd
CY2024Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
55100000 usd
CY2023Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
46715000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
144770000 usd
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
127672000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q3 msex Litigation Settlements Receivable
LitigationSettlementsReceivable
usd
CY2024Q3 msex Litigation Settlement Payable
LitigationSettlementPayable
usd
msex Increase Decreasein Recovered Costs Environmental Litigation Settlement
IncreaseDecreaseinRecoveredCostsEnvironmentalLitigationSettlement
usd
msex Proceeds From Environmental Litigation Settlement
ProceedsFromEnvironmentalLitigationSettlement
usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
usd
us-gaap Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
usd
CY2024Q3 msex Common Stock Value Authorized
CommonStockValueAuthorized
usd
CY2023Q4 msex Common Stock Value Authorized
CommonStockValueAuthorized
usd
CY2024Q3 msex Preferred Stock Value Authorized
PreferredStockValueAuthorized
usd
CY2023Q4 msex Preferred Stock Value Authorized
PreferredStockValueAuthorized
usd
CY2024Q3 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
usd
CY2023Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
usd
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000066004

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