MSEX FY 2024 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

FY 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$192M+15.4% YoY

Gross Profit

$100M51.9% margin

Operating Income

$53M27.7% margin

Net Income

$44M23.1% margin

EPS (Diluted)

$2.47

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

-$16M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$808M

Stockholders' Equity

$447M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$192M	$166M	+15.4%
Gross Profit	$100M	$83M	+19.7%
Operating Income	$53M	$39M	+35.7%
Net Income	$44M	$32M	+40.7%