MSEX Q2 2019 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$940M

Q2 2019 Earnings

Utilities Regulated Water

Income Statement

Revenue

$33M-4.4% YoY

Gross Profit

$17M49.7% margin

Operating Income

$9M26.8% margin

Net Income

$8M24.4% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

+8.8%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

-$19M

Stock-Based Comp.

$474,000

Balance Sheet

Total Assets

$808M

Total Liabilities

$542M

Stockholders' Equity

$266M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$35M	-4.4%
Gross Profit	$17M	$18M	-8.2%
Operating Income	$9M	$11M	-16.5%
Net Income	$8M	$9M	-6.1%

Revenue Segments

Regulated

$30M91%

Non - Regulated

$3M9%