Financial Statements — MSEX
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Accounts Receivable | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Total Current Assets | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.12 | 0.11 | 0.14 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.03 |
| Total Non-current Assets* | 1.37 | 1.34 | 1.29 | 1.27 | 1.23 | 1.18 | 1.15 | 1.14 | 1.11 | 1.09 | 1.06 | 1.02 | 1.00 | 0.98 | 0.99 | 0.98 | 0.95 |
| Total Assets | 1.42 | 1.39 | 1.34 | 1.32 | 1.28 | 1.23 | 1.27 | 1.25 | 1.24 | 1.13 | 1.10 | 1.06 | 1.04 | 1.01 | 1.03 | 1.01 | 0.99 |
| Accounts Payable | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Current Liabilities | 0.10 | 0.12 | 0.12 | 0.12 | 0.10 | 0.08 | 0.13 | 0.12 | 0.12 | 0.09 | 0.10 | 0.09 | 0.08 | 0.06 | 0.09 | 0.08 | 0.07 |
| Long-term Debt | 0.40 | 0.37 | 0.35 | 0.26 | 0.35 | 0.35 | 0.36 | 0.36 | 0.36 | 0.37 | 0.35 | 0.31 | 0.31 | 0.31 | 0.27 | 0.28 | 0.28 |
| Total Non-current Liabilities* | 0.80 | 0.77 | 0.74 | 0.74 | 0.73 | 0.71 | 0.71 | 0.71 | 0.70 | 0.63 | 0.60 | -- | -- | -- | -- | -- | -- |
| Total Liabilities* | 0.90 | 0.88 | 0.86 | 0.86 | 0.83 | 0.79 | 0.84 | 0.82 | 0.82 | 0.72 | 0.70 | -- | -- | -- | -- | -- | -- |
| Retained Earnings | 0.23 | 0.22 | 0.21 | 0.21 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.16 | 0.15 | 0.14 | 0.14 | 0.13 |
| Total Stockholder Equity | 0.52 | 0.50 | 0.48 | 0.46 | 0.45 | 0.44 | 0.43 | 0.43 | 0.42 | 0.41 | 0.40 | -- | -- | -- | -- | -- | -- |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 56.36 | 48.71 | 46.98 | 54.09 | 49.29 | 44.27 | 47.08 | 55.07 | 49.12 | 40.49 | 38.57 | 46.69 | 42.76 | 38.11 | 38.79 | 47.70 | 39.65 | 36.16 | 33.98 | 39.84 |
| Total Operating Expenses | 38.13 | 35.61 | 35.78 | 36.39 | 35.41 | 32.74 | 36.58 | 37.60 | 33.83 | 30.66 | 30.36 | 33.89 | 32.13 | 30.67 | 30.68 | 31.16 | 29.60 | 28.91 | 27.69 | 28.45 |
| Operating Income | 18.23 | 13.10 | 11.20 | 17.70 | 13.91 | 11.56 | 10.53 | 17.50 | 15.32 | 9.87 | 8.24 | 12.82 | 10.67 | 7.49 | 8.15 | 16.58 | 10.09 | 12.52 | 6.34 | 11.42 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 3.41 | 4.04 | 3.27 | 3.78 | 3.52 | 3.25 | 2.60 | 2.79 | 2.36 | 2.37 | 1.85 | 2.21 | 2.10 |
| Pretax Income | 16.56 | 11.89 | 9.43 | 15.39 | 12.19 | 10.64 | 9.31 | 16.06 | 13.93 | 11.96 | 5.66 | 10.74 | 9.56 | 6.61 | 7.32 | 16.26 | 9.66 | 12.43 | 5.41 | 10.41 |
| Tax Provision | 1.79 | 1.29 | 0.82 | 1.43 | 1.41 | 1.16 | 0.50 | 1.74 | 3.38 | 1.28 | (0.10) | 0.75 | (0.34) | 0.74 | 0.15 | 1.97 | 0.80 | 0.33 | (1.83) | (1.06) |
| Net Income | 14.77 | 10.61 | 8.61 | 13.96 | 10.78 | 9.48 | 8.80 | 14.32 | 10.55 | 10.68 | 5.77 | 9.99 | 9.90 | 5.87 | 7.17 | 14.29 | 8.87 | 12.10 | 7.24 | 11.48 |
| Basic EPS | 0.79 | 0.57 | 0.46 | 0.77 | 0.60 | 0.53 | 0.49 | 0.80 | 0.59 | 0.60 | 0.32 | 0.56 | 0.56 | 0.33 | 0.40 | 0.81 | 0.50 | 0.69 | 0.42 | 0.65 |
| Diluted EPS | 0.79 | 0.57 | 0.46 | 0.77 | 0.60 | 0.53 | 0.49 | 0.80 | 0.59 | 0.59 | 0.32 | 0.56 | 0.55 | 0.33 | 0.41 | 0.80 | 0.50 | 0.68 | 0.41 | 0.65 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 16.40 | 11.73 | 18.46 | 12.05 | 18.30 | 13.78 | 21.40 | 19.46 | 11.23 | 6.65 | 12.80 | 10.70 | 13.32 | 15.97 | 17.12 | 17.38 | 12.89 | 13.98 | 14.39 | 4.06 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 25.14 | 20.74 | 14.35 | 14.39 | 17.11 | 22.44 | 26.12 | 24.52 | 25.40 | 26.60 | 22.71 | 16.63 | -- | 14.75 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (3.75) | (1.29) | (3.12) | (7.74) | (4.31) | (11.74) | (12.80) | (8.54) | (8.28) | (9.22) | (9.83) | (2.66) | -- | (10.69) |
| Investing Cash Flow | (32.98) | (20.64) | (24.71) | (21.01) | (36.33) | (18.91) | (25.14) | (20.74) | (14.35) | (14.39) | (17.10) | (22.44) | (26.12) | (24.51) | (25.40) | (26.60) | (22.71) | (13.51) | (18.13) | (14.74) |
| Financing Cash Flow | 16.34 | 8.15 | 5.67 | 9.78 | 19.61 | 3.56 | 1.63 | (0.39) | 8.29 | 8.20 | 3.73 | 10.33 | 12.32 | 9.58 | 9.20 | 7.80 | 10.85 | (0.70) | 1.99 | 9.78 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 | Q4
2020 | Q3
2020 | Q2
2020 | Q1
2020 | Q4
2019 | Q3
2019 |
|---|
| Dividends Per Share | 0.36 | 0.36 | 0.36 | 0.34 | 0.34 | 0.34 | 0.34 | 0.29 | 0.29 | 0.29 | 0.29 | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 | 0.26 | 0.24 |
