MSEX Q1 2022 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q1 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$36M+11.2% YoY

Gross Profit

$17M47.1% margin

Operating Income

$13M34.6% margin

Net Income

$12M33.4% margin

EPS (Diluted)

$0.69

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

-$3M

Stock-Based Comp.

$267,000

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$630M

Stockholders' Equity

$380M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$36M	$33M	+11.2%
Gross Profit	$17M	$14M	+20.2%
Operating Income	$13M	$6M	+122.3%
Net Income	$12M	$7M	+75.2%

Revenue Segments

Regulated

$33M92%

Non - Regulated

$3M8%