All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2025-03-04.
From the record
Middlesex Water Company's filings since 2017 show 2 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2025-03-04); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-03-01) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+8.2% a year over 3 filed years; profitable in 3 of 3.
From the record
Middlesex Water Company's 3 filed years say what it did: revenue went from $166 million in fiscal 2023 to $195 million in fiscal 2025, up 8.2% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 3 of 3 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 0.8% a year. 42% of cash flow returned. Insiders: 4 sales, 1 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Middlesex Water Company's diluted share count grew about 0.8% a year, and dividends and buybacks returned about 42% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 4 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $109 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 9%: 9¢ of profit per shareholder dollar. Leverage 64%: owes 64¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Middlesex Water Company earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 64 cents per dollar of assets, and net share issuance: its share count grew 1.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 45% of 14 in its family; net margin 22%.
From the record
Middlesex Water Company's standing among 14 graded names in its industry family: revenue of $195 million in fiscal 2025 ranks in the top 42% by size; a net margin of 22% ranks in the top 32%; revenue growth of 8.2% a year over the last 2 filed years ranks in the bottom 39% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 45% of 13 in its family for leadership; chief executive since 2024.
From the record
Middlesex Water Company's leadership, from its insiders' filings and its current reports: the chief executive on the record is Duchemin-Leslie, Nadine (President, CEO, as filed), filing under that title since 2024-03-08, 2.7 years (bottom 27% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 7.4 years (top 27%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (top 35%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 32% of 14 in its family for room to expand.
From the record
Middlesex Water Company's room to grow, from the newest filed statements (fiscal 2025): cash of $3 million against debt of $379 million leaves -27.5% of its assets as net cash, top 39% of its family; cash from operations less capital spending is 32.2% of revenue (top 25%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 16% of 14 in its family for growth drivers.
From the record
Middlesex Water Company's growth drivers, from the filed years to fiscal 2025: revenue grew 8.2% a year over the last three filed years against 8.2% over all 3, speeding up (bottom 25% of its family); the newest year grew 1.5% (bottom 18%); capital spending grew -2% a year (bottom 4%) (its annual reports). Middlesex Water Company reported 2 lines of business in fiscal 2025: Regulated at $183 million, Non Regulated at $13 million. 1 of 2 grew in the latest filed year, and the largest line is 93% of revenue (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
SI estimate 4.7/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Middlesex Water Company's expectations vs reality is put at 4.7 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made