MSEX FY 2022 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

FY 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$162M+13.5% YoY

Gross Profit

$83M51.3% margin

Operating Income

$47M29.1% margin

Net Income

$42M26.1% margin

EPS (Diluted)

$2.39

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

-$30M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$672M

Stockholders' Equity

$402M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$162M	$143M	+13.5%
Gross Profit	$83M	$69M	+20.0%
Operating Income	$47M	$33M	+42.5%
Net Income	$42M	$37M	+16.1%