MSEX Q2 2022 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q2 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$40M+8.1% YoY

Gross Profit

$20M50.7% margin

Operating Income

$10M25.4% margin

Net Income

$9M22.3% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

+9.6%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

-$10M

Stock-Based Comp.

$642,000

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$650M

Stockholders' Equity

$388M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$40M	$37M	+8.1%
Gross Profit	$20M	$19M	+7.4%
Operating Income	$10M	$10M	+2.8%
Net Income	$9M	$11M	-18.8%

Revenue Segments

Regulated

$37M93%

Non - Regulated

$3M7%