MSEX Q2 2025 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q2 2025 Earnings

Utilities Regulated Water

Income Statement

Revenue

$49M+0.4% YoY

Gross Profit

$26M53.2% margin

Operating Income

$14M28.2% margin

Net Income

$11M21.9% margin

EPS (Diluted)

$0.60

QoQ Revenue Growth

+11.3%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$37M

Stock-Based Comp.

$569,000

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$857M

Stockholders' Equity

$459M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49M	$49M	+0.4%
Gross Profit	$26M	$27M	-3.9%
Operating Income	$14M	$15M	-9.2%
Net Income	$11M	$11M	+2.2%

Revenue Segments

Residential Member

$26M71%

Commercial Member

$7M20%

Industrial Member

$3M9%