MSEX Q1 2023 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q1 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$38M+5.4% YoY

Gross Profit

$18M46.9% margin

Operating Income

$7M19.6% margin

Net Income

$6M15.4% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

-$9M

Stock-Based Comp.

$360,000

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$693M

Stockholders' Equity

$405M

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$38M	$36M	+5.4%
Gross Profit	$18M	$17M	+4.9%
Operating Income	$7M	$13M	-40.2%
Net Income	$6M	$12M	-51.5%