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MSEX Q2 2024 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena
MSEX
Middlesex Water Company
$979M
Q2 2024 Earnings
Utilities
Regulated Water
Income Statement
Revenue
$49M
+14.8% YoY
Gross Profit
$27M
55.6% margin
Operating Income
$15M
31.2% margin
Net Income
$11M
21.5% margin
EPS (Diluted)
$0.59
QoQ Revenue Growth
+21.3%
Cash Flow
Operating Cash Flow
$11M
Free Cash Flow
-$3M
Stock-Based Comp.
$2M
Balance Sheet
Total Assets
$1.3B
Total Liabilities
$840M
Stockholders' Equity
$435M
Cash & Equivalents
$8M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$49M
$43M
+14.8%
Gross Profit
$27M
$22M
+26.5%
Operating Income
$15M
$11M
+43.5%
Net Income
$11M
$10M
+6.5%
Revenue Segments
Residential Member
$25M
67%
Commercial Member
$9M
23%
Industrial Member
$4M
10%
← FY 2024
All Quarters
Q3 2024 →