MSEX Q4 2022 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q4 2022 Earnings

Utilities Regulated Water

Income Statement

Revenue

$39M+14.1% YoY

Gross Profit

$19M48.3% margin

Operating Income

$8M21.0% margin

Net Income

$7M18.5% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-18.7%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

-$8M

Stock-Based Comp.

$360,000

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$672M

Stockholders' Equity

$402M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$34M	+14.1%
Gross Profit	$19M	$16M	+19.9%
Operating Income	$8M	$6M	+28.5%
Net Income	$7M	$7M	-0.9%