MSEX Q3 2024 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q3 2024 Earnings

Utilities Regulated Water

Income Statement

Revenue

$55M+17.9% YoY

Gross Profit

$30M54.0% margin

Operating Income

$18M31.8% margin

Net Income

$14M26.0% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+12.1%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$48M

Stock-Based Comp.

$155,000

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$786M

Stockholders' Equity

$444M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$47M	+17.9%
Gross Profit	$30M	$24M	+23.2%
Operating Income	$18M	$13M	+36.5%
Net Income	$14M	$10M	+43.3%

Revenue Segments

Residential Member

$29M68%

Commercial Member

$10M23%

Industrial Member

$4M9%