Middlesex Water Company (MSEX) — Free Cash Flow Generation Index
Middlesex Water Company (MSEX) has a Free Cash Flow Generation Index of -0.57x as of September 2025. Free cash flow of $-6.86 Million represents -1% of operating cash flow ($12.05 Million). Explore Middlesex Water Company (MSEX) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Middlesex Water Company Free Cash Flow Generation Index (1994–2024)
Historical FCF Generation Index trend for Middlesex Water Company across 31 annual periods. For the full cash flow conversion analysis, see MSEX cash flow conversion.
Annual Free Cash Flow Generation for Middlesex Water Company (1994–2024)
Year-by-year Free Cash Flow Generation Index for Middlesex Water Company. Check Middlesex Water Company total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | -0.27x | $-15.89 Million | $58.73 Million | $74.62 Million | ▲ +61.8% |
| 2023 | -0.71x | $-37.40 Million | $52.78 Million | $90.18 Million | ▼ -45.0% |
| 2022 | -0.49x | $-29.97 Million | $61.36 Million | $91.33 Million | ▲ +65.2% |
| 2021 | -1.40x | $-46.35 Million | $33.03 Million | $79.38 Million | ▼ -43.3% |
| 2020 | -0.98x | $-52.26 Million | $53.35 Million | $105.62 Million | ▲ +33.5% |
| 2019 | -1.47x | $-53.07 Million | $36.05 Million | $89.12 Million | ▼ -157.4% |
| 2018 | -0.57x | $-26.23 Million | $45.86 Million | $72.09 Million | ▼ -228.5% |
| 2017 | -0.17x | $-7.46 Million | $42.84 Million | $50.30 Million | ▼ -2595.4% |
| 2016 | -0.01x | $-304.00K | $47.07 Million | $47.38 Million | ▼ -101.3% |
| 2015 | 0.50x | $25.44 Million | $51.21 Million | $25.77 Million | ▲ +62.2% |
| 2014 | 0.31x | $9.97 Million | $32.57 Million | $22.60 Million | ▼ -24.6% |
| 2013 | 0.41x | $13.72 Million | $33.80 Million | $20.08 Million | ▲ +50.2% |
| 2012 | 0.27x | $7.99 Million | $29.57 Million | $21.58 Million | ▲ +950.3% |
| 2011 | -0.03x | $-726.00K | $22.84 Million | $23.56 Million | ▲ +79.9% |
| 2010 | -0.16x | $-4.04 Million | $25.57 Million | $29.60 Million | ▼ -80.3% |
| 2009 | -0.09x | $-1.62 Million | $18.51 Million | $20.13 Million | ▲ +82.0% |
| 2008 | -0.49x | $-9.31 Million | $19.12 Million | $28.43 Million | ▼ -194.6% |
| 2007 | -0.17x | $-3.11 Million | $18.82 Million | $21.93 Million | ▲ +81.8% |
| 2006 | -0.91x | $-14.45 Million | $15.91 Million | $30.36 Million | ▼ -4.0% |
| 2005 | -0.87x | $-11.79 Million | $13.50 Million | $25.29 Million | ▲ +5.0% |
| 2004 | -0.92x | $-14.30 Million | $15.56 Million | $29.86 Million | ▼ -145.9% |
| 2003 | -0.37x | $-5.33 Million | $14.25 Million | $19.57 Million | ▲ +23.1% |
| 2002 | -0.49x | $-5.39 Million | $11.10 Million | $16.49 Million | ▼ -1349.0% |
| 2001 | -0.03x | $-413.55K | $12.33 Million | $12.75 Million | ▲ +90.8% |
| 2000 | -0.36x | $-3.64 Million | $10.00 Million | $13.64 Million | ▲ +72.6% |
| 1999 | -1.33x | $-13.30 Million | $10.00 Million | $23.30 Million | ▲ +13.0% |
| 1998 | -1.53x | $-15.90 Million | $10.40 Million | $26.30 Million | ▼ -902.6% |
| 1997 | 0.19x | $2.40 Million | $12.60 Million | $10.20 Million | ▼ -52.1% |
| 1996 | 0.40x | $4.10 Million | $10.30 Million | $6.20 Million | ▲ +3642.7% |
| 1995 | -0.01x | $-100.00K | $8.90 Million | $9.00 Million | ▼ -103.5% |
| 1994 | 0.32x | $2.80 Million | $8.80 Million | $6.00 Million | — |