Middlesex Water Company (MSEX) 2016年年度报告「NASDAQ」.pdf

1、TODAYS INVESTMENTS=Water For Tomorrow2 0 1 6 A N N U A L R E P O R TOur Strategyfor GrowthOur strategy is focused on 5 key areas:Prudent acquisitions of investor-and municipally-owned water and wastewater utilities;Timely and adequate recovery of prudent investments in utility plant required to main

2、tain appropriate utility services:Operate municipal and industrial water and wastewater systems under contract;Invest in renewable energy projects that are complementary to the provision of water and wastewater services,and to our core water and wastewater competencies;andInvest in other products,se

3、rvices and opportunities that complement our core water and wastewater competencies.2016 2015 2014Operating Revenues$132.9$126.0$117.1Operations and Maintenance Expenses 65.5 65.2 59.1Depreciation 12.8 12.1 11.4Income and Other Taxes 25.7 23.5 22.1Interest Charges 5.3 5.6 5.6Net Income 22.7 20.0 18.

4、4Earnings Applicable to Common Stock 22.6 19.9 18.3Basic Earnings Per Share 1.39 1.23 1.14Diluted Earnings Per Share 1.38 1.22 1.13Cash Dividends Paid Per Share 0.808 0.776 0.763Utility Plant 653.5 608.2 583.4Return on Average Common Equity 10.6%9.9%9.5%Financial Highlights(Millions of Dollars,Excep

5、t per Share data)CORPORATE PROFILEMiddlesex Water Company was incorporated as a water utility in 1897 and owns and operates regulated water and wastewater utility systems in New Jersey,Delaware and Pennsylvania.The Company also operates water and wastewater utility systems under contract on behalf o

6、f municipal and private clients in New Jersey and Delaware.0.00.30.60.91.21.516151413121.03.901.13 1.22 1.38.74.75.76.78.81Earnings per shareDividendsOperating Revenues(Millions of Dollars)03060901201501615141312$117.1$114.8$110.4$126.0$132.9Net Income(Millions of Dollars)05101520251615141312$18.4$1