MSEX Q2 2023 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q2 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$43M+7.9% YoY

Gross Profit

$22M50.5% margin

Operating Income

$11M24.9% margin

Net Income

$10M23.1% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+12.2%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

-$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$714M

Stockholders' Equity

$414M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$40M	+7.9%
Gross Profit	$22M	$20M	+7.3%
Operating Income	$11M	$10M	+5.8%
Net Income	$10M	$9M	+11.6%