MSEX Q2 2024 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q2 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$49M+14.8% YoY

Gross Profit

$27M55.6% margin

Operating Income

$15M31.2% margin

Net Income

$11M21.5% 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

$25M67%

Commercial Member

$9M23%

Industrial Member

$4M10%