MSEX Q1 2025 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q1 2025 Earnings

Utilities Regulated Water

Income Statement

Revenue

$44M+9.3% YoY

Gross Profit

$23M52.4% margin

Operating Income

$12M26.1% margin

Net Income

$9M21.4% margin

EPS (Diluted)

$0.53

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

-$5M

Stock-Based Comp.

$389,000

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$830M

Stockholders' Equity

$449M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$41M	+9.3%
Gross Profit	$23M	$20M	+15.6%
Operating Income	$12M	$10M	+17.2%
Net Income	$9M	$11M	-11.3%

Revenue Segments

Residential Member

$23M71%

Commercial Member

$7M20%

Industrial Member

$3M9%