MSEX Q3 2023 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q3 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$47M-2.1% YoY

Gross Profit

$24M51.7% margin

Operating Income

$13M27.4% margin

Net Income

$10M21.4% margin

EPS (Diluted)

$0.56

QoQ Revenue Growth

+9.1%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

-$12M

Stock-Based Comp.

$424,000

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$822M

Stockholders' Equity

$422M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$48M	-2.1%
Gross Profit	$24M	$27M	-12.0%
Operating Income	$13M	$17M	-22.6%
Net Income	$10M	$14M	-30.1%