MSEX Q3 2022 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q3 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$48M+19.7% YoY

Gross Profit

$27M57.4% margin

Operating Income

$17M34.7% margin

Net Income

$14M29.9% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+20.3%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

-$9M

Stock-Based Comp.

$361,000

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$665M

Stockholders' Equity

$400M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$40M	+19.7%
Gross Profit	$27M	$21M	+31.0%
Operating Income	$17M	$11M	+45.1%
Net Income	$14M	$11M	+24.5%

Revenue Segments

Regulated

$45M93%

Non - Regulated

$3M7%