MSEX FY 2023 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

FY 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$166M+2.4% YoY

Gross Profit

$83M50.0% margin

Operating Income

$39M23.6% margin

Net Income

$32M19.0% margin

EPS (Diluted)

$1.76

Cash Flow

Operating Cash Flow

$53M

Free Cash Flow

-$37M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$811M

Stockholders' Equity

$425M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$166M	$162M	+2.4%
Gross Profit	$83M	$83M	-0.2%
Operating Income	$39M	$47M	-17.1%
Net Income	$32M	$42M	-25.7%