MSEX Q2 2021 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q2 2021 Earnings

Utilities Regulated Water

Income Statement

Revenue

$37M+4.0% YoY

Gross Profit

$19M51.1% margin

Operating Income

$10M26.7% margin

Net Income

$11M29.8% margin

EPS (Diluted)

$0.62

QoQ Revenue Growth

+12.8%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$19M

Stock-Based Comp.

$557,000

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$658M

Stockholders' Equity

$357M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$35M	+4.0%
Gross Profit	$19M	$18M	+6.1%
Operating Income	$10M	$9M	+4.6%
Net Income	$11M	$10M	+12.5%

Revenue Segments

Regulated

$34M91%

Non - Regulated

$3M9%