MSEX Q2 2020 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$940M

Q2 2020 Earnings

Utilities Regulated Water

Income Statement

Revenue

$35M+5.6% YoY

Gross Profit

$18M50.1% margin

Operating Income

$9M26.6% margin

Net Income

$10M27.5% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$16M

Stock-Based Comp.

$470,000

Balance Sheet

Total Assets

$951M

Total Liabilities

$615M

Stockholders' Equity

$335M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$35M	$33M	+5.6%
Gross Profit	$18M	$17M	+6.3%
Operating Income	$9M	$9M	+4.9%
Net Income	$10M	$8M	+19.2%

Revenue Segments

Regulated

$32M91%

Non - Regulated

$3M9%