MSEX Q1 2024 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q1 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$41M+6.2% YoY

Gross Profit

$20M49.5% margin

Operating Income

$10M24.3% margin

Net Income

$11M26.4% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+5.0%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

-$8M

Stock-Based Comp.

-$465,000

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$820M

Stockholders' Equity

$430M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$41M	$38M	+6.2%
Gross Profit	$20M	$18M	+12.1%
Operating Income	$10M	$7M	+31.7%
Net Income	$11M	$6M	+82.0%