On this page of Benford's Law Stocks.com we present our study of MIDDLESEX WATER CO — ticker symbol MSEX. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 10/30/2020 to 2/28/2025 for MIDDLESEX WATER CO under CIK number 0000066004. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for MSEX, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for MIDDLESEX WATER CO based on the past MSEX filings our system processed in the past.
Benford Chart for MSEX 10K Filed 2/28/2025
30.8
13.9
13.3
10.4
7.5
7.1
7.0
4.3
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing ]
Total numbers found: 1,138
Recent share count: 17,855,200 (1's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
1138
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 11 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for MSEX = 93
93

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was above the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
MSEX's Score Vs. Typical Stock
Benford's Law Stocks Indicator
MSEX
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near MSEX
LAB
LYFT
NFBK
NVAX
 LOCO
MRNA
MYPS
NODK
Check our work! We provide our MIDDLESEX WATER CO Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the MSEX filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 350 numbers that start with the digit 1. Here they are:
17,887,454
191,877
166,274
162,434
18,744
18,208
138,667
127,051
120,333
1,254
10,815
12,069
14,023
13,143
1,041
112
120
120
1.77
1.76
17,842
17,732
17,597
17,946
17,847
17,712
105,167
100,593
19,636
1,309,797
1,233,882
1,055,372
18,842
18,172
10,764
1,833
108,536
101,783
11,760
11,522
1,994
156,829
129,174
1,255,174
1,236,052
197,061
176,227
1,635
11,976
10,535
1,476
1,390
103,829
101,235
113,021
191,197
181,369
122,270
1,255,174
1,236,052
1,605
1,458
1,387
1,537
1,630
1,467
1,386
1,441
1,627
1,340
1,219
17,463
19,750
12,750
131
10
1,468
12,115
10,335
109
120
120
1,566
17,728
1,836
1,438
10,251
14,485
12,762
17,887
17,821
197,061
176,227
120
16
10
1,005
1
10
1,000
1,000
1,635
17,895
16,638
17,522
145,807
114
10,335
10,335
1.1825
120
120
17,642
167,274
167
12,115
12,115
1,235
1,235
1.2625
120
120
10
10
17,821
176,227
17
10
1.3150
109
109
17,887
197,061
1.15
1.10
1.65
17.84
1.61
1.42
1.81
1.6
1.0
1.0
1.2
13,842
11,586
11,152
14,188
12,582
12,726
19,117
18,769
13,085
12,320
12,006
191,753
166,131
162,292
1,034
1,116
1,129
191,877
166,274
162,434
15.4
1.2
10.3
1.8
1
1.7
11,958
101,783
19,727
1,471
1,813
113,021
10,764
1,495
1,106
1,270
1,117
1,296
1,041
1,554
1,126
1,066
1,381
1,242
1,041
181
101,235
1.3
140.0
12.0
12.0
117.0
140.0
1.0
1.0
100,000
120,000
16,000
10
1.7
1
16.2
17,842
17,732
17,597
112
120
120
17,842
17,732
17,597
1.77
17,842
17,732
17,597
104
115
115
17,946
17,847
17,712
1.76
129,602
125,067
133,374
131,745
1,270
1,551
1,313
1,608
1,966
10,840
11,147
12,030
1,427
11,147
1,270
1,551
1,313
1,608
1,325
153
1,674
1,098
191
1,274
1,423
1,127
15
184
1,303
1,368
1,410
1,444
1,541
15,748
1.8
1.6
100.0
100.0
100.0
100.0
195
195
19,041
19,041
12,544
12,544
1,854
1,854
17,505
17,505
17,505
1,429
1,429
17,486
17,486
17,486
1.0
1,000
100
1
1
1.1
1,931
11
1,151
105.17
17
1,350
1,732
15
1,165
18
1,854
1,043
19
1,003
1,140
179,359
154,617
151,117
13,552
12,773
12,446
1,034
1,116
1,129
191,877
166,274
162,434
18,504
17,963
18,744
18,208
12,195
12,069
14,430
13,508
14,023
13,143
146
1,252
1,187
1,156
1,041
132
1,264,472
1,235,549
16,969
1,255,174
1,236,052
191,877
15,315
17,501
10,529
10,682
10,546
14,319
1.3150
166,274
10,669
12,822
1.77
1.76
1.2625
We found 158 numbers that start with the digit 2. Here they are:
24,430
25,194
23,029
21,874
2,433
2,314
2.48
2.40
2.47
2.39
254,425
235,540
2,390
2,695
2,137
2,422
2,567
21,779
248,202
246,764
2,084
23,000
28,050
27,618
2,916
22,629
21,313
2,432
226,725
28,038
29,442
27,475
2,214
2,154
253
256
2,574
2,771
222
25
2,296
2,662
23,408
22,441
20,810
27,147
295
2,390
2,390
2,100
2,962
248,202
246,764
20
2,084
274,602
278,374
221,919
280
280
20,810
20,810
233,054
22,441
22,441
246,764
23,408
23,408
248,202
2.00
2.12
2.08
2.7
2.1
23,945
22,689
21,003
2.6
25.66
2.5
2.1
27,380
28,188
20,595
21
227
2,952
260
240
27.0
2.6
2.4
23.0
23.0
23.0
2,664
2.2
2.0
20.0
2.0
2.7
2.48
2.40
2.47
2.39
229.8
231.3
22.6
21.3
28,000
28,201
28,000
2,750
24,826
20,352
24,826
20,352
24,826
20,352
2,362
2,849
2.72
2.72
228
2,824
29,746
2
2
293
293
29,437
29,437
2.8
21,644
230
240
245
21,874
24,173
24,931
22,783
257
263
246
24,430
25,194
23,029
281
214
279
2,084
29,094
2,776
2,430
2,200
281
2.48
2.47
We found 151 numbers that start with the digit 3. Here they are:
39,223
32,565
3,240
31,524
31,404
314,924
303,791
34,209
3,185
36,856
3,863
352,822
358,153
3,138
3,063
344
31,524
308
300
3,722
3,541
3,696
35
3,122
32
3,258
35,959
3,828
3,533
3,828
3,169
3,230
3.94
359,386
364,736
352,822
358,153
367,726
3
3
32
32
31,524
31,524
360
360
383
383
398
398
3.44
3.13
3.16
31,833
3
35
3,240
3,802
3,261
348
3,240
3,525
3,546
3.0
3.5
3.2
3.2
3.9
3.2
3.0
38.7
35.7
34,283
300.0
3.9
3.6
36.0
3.0
323.4
3.64
3.65
31,524
31,404
31,404
31,471
32,909
320
391
3,722
3,722
320
391
3,042
3,384
3,082
3,547
37
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3,434
31.8
30
39.6
33.0
36.1
3
3.0
31,187
31,187
34,545
34,545
35,522
30,866
300,000
35
35,820
3,748
3,403
3,076
39,223
366
365
3,240
31,524
38
3250
3250
3250
3400
38,156
38,602
39,223
31,524
33
32
33
32
3125
3125
3125
3250
4's 5's 6's
We found 118 numbers that start with the digit 4. Here they are:
47,333
4,052
45,669
44,351
42,429
44,239
42,309
4,226
42,973
445,263
422,991
42,750
4,421
44,351
42,429
401
4,266
454
42,500
4,226
449
40,000
445,263
422,991
4.03
42,429
42,429
400,328
422,991
44,351
44,351
449
449
445,263
4.63
467
453
440
48.3
4.1
4.6
4,535
425
482
47.0
4.0
4.03
4.7
4.1
4.3
42.8
45.0
4,608
4,275
4
4.9
40.0
44,351
42,429
44,239
42,309
44,239
42,309
46
44,285
42,376
4,280
4,270
486
4,424
48,352
44,029
4,675
4,323
400
4,424
48,352
494
494
4,280
4,270
4.79
4.98
4.79
4.98
4.79
4.98
4.79
4.98
43
42,974
42,974
4,958
4,958
48,352
467
453
441
49,462
44,257
47,333
407
474
407
473
41,575
40,229
44,351
42,429
40,524
49,146
47,107
44,351
49
49
45.84
42,801
46,715
We found 85 numbers that start with the digit 5. Here they are:
5,232
53,210
5,389
51,256
592
5,599
5,334
5,232
589
549
58,730
52,782
511
54
511
5
556
5.50
5,192
5,372
520
520
5
51
50
5.39
5
563.1
5
5.5
5
5
5,334
5,475
55
59
5.3
5.63
51,300
5.6
5.71
5.24
52.2
5,478
5,968
53,027
5,865
50
5.47
5.49
5.0
5,412
5,399
5,479
5,595
5,581
57,212
58.1
50
5
5,091
5,091
53,027
50
5.0
52.50
58
567
53,210
5,653
55,100
53,210
59
59
59
50.33
58.02
52.74
52.62
5,868
5,765
56
56
55
56
We found 81 numbers that start with the digit 6. Here they are:
6,485
6,905
69,872
6,719
6,972
6,237
64,557
670
638
603
677
61,361
63,635
624
619
659
6,252
6,237
69,872
6,237
6,237
66,889
69,724
6,339
6,529
6.64
6.35
6.35
691
6
6
6.51
6,275
63,635
64,557
6,839
659
6,767
65
6,905
64
68
6,905
612
6
6.33
6.13
6.50
60.0
60.0
68.0
6.17
6.9
6.5
67
67
6,322
658
619
614
65.2
60.9
67.9
68
663
663
6
663
688
66,670
64,170
6,637
6,485
6,905
60
64.71
67.59
69.70
66.51
65.37
61.34
7's 8's 9's
We found 80 numbers that start with the digit 7. Here they are:
79,096
7,703
799,720
783,228
7,711
7,740
7,759
743
707
795
791
74,622
74,622
7,646
7,423
75,812
7,259
7,066
79
79
7.05
7,711
7,740
7
7
7.09
7.92
7.92
7.92
7
7,888
7,100
75.0
7.5
7.1
7.3
7.3
7
7,570
7.00
7.00
7.7
7.5
7.3
7.0
7.00
7.00
7,976
799
7,041
7.00
7.00
7.00
7.00
7.00
7.00
7
71,236
71,236
7
70
77
77.63
74
7,777
7,497
7,089
76,483
74,632
72,007
7,898
7,703
7
74,584
74,622
7,671
7,565
7,490
72.64
73.47
We found 49 numbers that start with the digit 8. Here they are:
83,113
855,497
809,862
82,888
88,736
819
86
88,213
8,968
8,109
8
86,581
84,950
806
831
89,825
84,419
84,330
814
88,736
8.5
8
8
8
8.3
80.8
83.7
87,788
87,501
84,828
883
8.0
8,682
8
8
83
8,064
8,481
8,850
8,415
8,278
84,866
8,068
8,804
80
80
8,242
84.38
84.35
We found 66 numbers that start with the digit 9. Here they are:
906,502,416
92,363
9,367
998,342
9,297
90,694
9,031
975
927
90,179
91,335
90,179
974
9,251
975
927
974
974
93
99
97,802
9.6
9
90,694
9,435
9,590
95,877
9
9
9
9.6
91,853
946
940
91,853
92,346
946
940
946
940
98,648
92,346
933
98,648
98,648
958
958
92,346
92,346
977
977
9
9
9
906
9,144
9,833
9,367
90,047
91,054
90,179
91,335
9,865
9,901
9,990
90.56
While the above MSEX 10K Filed 2/28/2025 is interesting in isolation, we have found that it is also useful to take a look at older MIDDLESEX WATER CO filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 2/28/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical MSEX 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10K Filed 2/28/2025
30.8
13.9
13.3
10.4
7.5
7.1
7.0
4.3
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 1,138

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 5/8/2024
30.5
14.8
14.8
10.2
9.5
5.9
6.1
4.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 472

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 7/28/2023
29.8
17.0
14.8
7.4
8.6
5.8
6.2
5.2
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 675

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 10/28/2022
32.6
19.4
15.1
6.2
6.5
6.1
4.0
4.5
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL? ✓  [ original filing ]
Total numbers found: 674

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10K Filed 2/25/2021
28.7
14.3
17.4
7.7
7.4
7.0
8.0
5.4
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL? ✓  [ original filing ]
Total numbers found: 1,232

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 10/31/2024
32.1
16.9
13.6
9.6
6.8
5.5
4.7
4.0
6.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 708

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10K Filed 2/29/2024
29.7
15.2
15.4
8.0
6.6
6.6
7.9
4.6
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 64
XBRL? ✓  [ original filing ]
Total numbers found: 1,114

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 5/1/2023
32.2
18.7
16.6
6.9
9.7
4.2
5.5
2.7
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL? ✓  [ original filing ]
Total numbers found: 475

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 7/29/2022
32.0
18.1
15.3
7.3
6.1
6.4
7.4
4.2
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL? ✓  [ original filing ]
Total numbers found: 674

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 10/30/2020
31.8
16.7
14.6
7.7
7.7
5.7
5.8
4.3
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 843

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 7/31/2024
31.3
17.1
12.2
8.6
8.3
7.1
5.1
5.0
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 662

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10Q Filed 11/9/2023
30.8
18.2
14.6
8.0
5.8
5.6
4.3
3.9
8.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 57
XBRL? ✓  [ original filing ]
Total numbers found: 691

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10K Filed 2/24/2023
31.0
15.9
15.5
8.4
6.6
5.6
7.6
5.1
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 1,096

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
10K Filed 2/25/2022
30.9
14.0
17.8
7.3
6.5
6.2
7.8
6.0
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL? ✓  [ original filing ]
Total numbers found: 1,103

■ = Typical MSEX range from 10/30/2020 to 2/28/2025
VALU 10Q Filed 3/14/2025:
80
SSBK 10K Filed 3/14/2025:
93
BPRN 10K Filed 3/14/2025:
98
MUX 10K Filed 3/14/2025:
91
HNVR 10K Filed 3/14/2025:
97
LPSN 10K Filed 3/14/2025:
79
NEN 10K Filed 3/14/2025:
94
HSON 10K Filed 3/14/2025:
93
BMRC 10K Filed 3/14/2025:
79
UHG 10K Filed 3/14/2025:
85
AMTX 10K Filed 3/14/2025:
98
USCB 10K Filed 3/14/2025:
80
LSBK 10K Filed 3/14/2025:
63
SKYT 10K Filed 3/14/2025:
85
XPOF 10K Filed 3/14/2025:
83
GRI 10K Filed 3/14/2025:
87
GAN 10K Filed 3/14/2025:
57
SGMA 10Q Filed 3/14/2025:
75
ODYY 10Q Filed 3/14/2025:
47
NIMU 10Q Filed 3/14/2025:
49
ZDGE 10Q Filed 3/14/2025:
90
TPET 10Q Filed 3/14/2025:
79
CLEV 10Q Filed 3/14/2025:
50
MYPS 10K Filed 3/14/2025:
93
FRAF 10K Filed 3/14/2025:
96
AROW 10K Filed 3/14/2025:
93
WMT 10K Filed 3/14/2025:
93
MCHX 10K Filed 3/14/2025:
74
MX 10K Filed 3/14/2025:
69
MNTK 10K Filed 3/14/2025:
87
NRXP 10K Filed 3/14/2025:
57
FOA 10K Filed 3/14/2025:
84
WOW 10K Filed 3/14/2025:
89
OGEN 10K Filed 3/14/2025:
96
ATLX 10K Filed 3/14/2025:
60
TRST 10K Filed 3/14/2025:
99
OVBC 10K Filed 3/14/2025:
100
CCI 10K Filed 3/14/2025:
99
ICRPRA 10K Filed 3/14/2025:
97
EBMT 10K Filed 3/14/2025:
95
 

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