MSEX Q4 2023 Earnings — Middlesex Water Company Revenue & Financial Results | Market Cap Arena

MSEXMiddlesex Water Company

$979M

Q4 2023 Earnings

Utilities Regulated Water

Income Statement

Revenue

$39M-0.6% YoY

Gross Profit

$20M50.6% margin

Operating Income

$8M21.4% margin

Net Income

$6M14.9% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

-17.4%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

-$4M

Stock-Based Comp.

$424,000

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$811M

Stockholders' Equity

$425M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$39M	-0.6%
Gross Profit	$20M	$19M	+4.3%
Operating Income	$8M	$8M	+1.2%
Net Income	$6M	$7M	-19.6%