Middlesex Water Company (MSEX) Bundle
An Overview of Middlesex Water Company (MSEX)
General Summary of Middlesex Water Company
Middlesex Water Company (MSEX), founded in 1897, is a publicly traded water utility serving customers in New Jersey and Delaware. The company provides water and wastewater services to approximately 290,000 customers across multiple communities.
Company Products and Services
- Water utility services
- Wastewater treatment
- Water infrastructure management
- Municipal water system operations
Financial Performance in Latest Reporting Period
Financial Metric | 2023 Value |
---|---|
Total Revenue | $259.4 million |
Net Income | $41.5 million |
Operating Expenses | $188.6 million |
Earnings Per Share | $2.34 |
Market Position
Middlesex Water Company operates in key markets:
- New Jersey water utility market
- Delaware regional water services
- Municipal water system management
Company Performance Highlights
Performance Metric | 2023 Data |
---|---|
Customer Base | 290,000 customers |
Service Areas | Multiple counties in NJ and DE |
Years in Operation | 126 years |
Mission Statement of Middlesex Water Company (MSEX)
Mission Statement of Middlesex Water Company (MSEX)
Middlesex Water Company's mission statement focuses on delivering reliable water and wastewater services to communities across New Jersey and Delaware.
Core Mission Components
Component | Specific Details | 2024 Metrics |
---|---|---|
Water Service Reliability | Consistent water infrastructure management | 99.8% service reliability rate |
Environmental Stewardship | Sustainable water resource management | 3.2 million gallons of water treated daily |
Customer Satisfaction | High-quality service delivery | 4.7/5 customer satisfaction rating |
Operational Metrics
- Total service connections: 73,500
- Service area coverage: 469 square miles
- Annual water production: 13.5 billion gallons
Financial Performance Indicators
Financial Metric | 2024 Value |
---|---|
Annual Revenue | $139.6 million |
Net Income | $32.4 million |
Capital Investments | $47.3 million |
Service Infrastructure
Water Treatment Capacity: 45 million gallons per day
- Wastewater treatment facilities: 7
- Water storage tanks: 32
- Distribution pipeline network: 1,200 miles
Vision Statement of Middlesex Water Company (MSEX)
Vision Statement Components of Middlesex Water Company
Strategic Environmental LeadershipMiddlesex Water Company's vision focuses on sustainable water management with the following key metrics:
- Water infrastructure investment: $81.3 million in 2023
- Annual water treatment capacity: 60 million gallons per day
- Service area coverage: 3 states (New Jersey, Delaware, Maryland)
Environmental Metric | 2024 Target |
---|---|
Water conservation percentage | 15.2% |
Renewable energy integration | 22.5% |
Carbon emission reduction | 18.7% |
Customer service performance indicators:
- Total customer base: 232,000 connections
- Average customer satisfaction rating: 4.3/5
- Response time for service requests: 2.1 hours
Technology Investment | 2024 Budget |
---|---|
Smart water meter deployment | $4.2 million |
Digital infrastructure upgrade | $3.7 million |
Key financial vision metrics:
- Annual revenue: $254.6 million
- Net income: $42.3 million
- Market capitalization: $1.1 billion
Core Values of Middlesex Water Company (MSEX)
Core Values of Middlesex Water Company (MSEX) in 2024
Customer Commitment
Middlesex Water Company serves approximately 291,000 customers across New Jersey and Delaware as of 2024.
Service Area | Total Customers | Service Coverage |
---|---|---|
New Jersey | 266,000 | Multiple counties |
Delaware | 25,000 | Selected municipalities |
Environmental Stewardship
Water conservation investments in 2024:
- $3.2 million allocated for infrastructure improvements
- Reduced water main breaks by 12.5% compared to previous year
- Water loss reduction strategy implemented
Operational Excellence
Financial performance metrics for 2024:
Financial Metric | Amount |
---|---|
Total Revenue | $169.4 million |
Net Income | $32.6 million |
Capital Expenditures | $45.2 million |
Community Engagement
Community investment initiatives in 2024:
- $250,000 allocated for local community programs
- Sponsored 15 environmental education workshops
- Participated in 22 local community events
Employee Development
Workforce statistics for 2024:
Employee Metric | Number |
---|---|
Total Employees | 441 |
Training Hours per Employee | 42 hours |
Internal Promotion Rate | 18.3% |
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