Middlesex Water Company
Middlesex Water Company (MSEX) Financial Performance & Income Statement Overview
Explore the financials of Middlesex Water Company (MSEX), including yearly and quarterly data on income, cash flow, and balance sheets.
Middlesex Water Company (MSEX) Income Statement & Financial Overview
Analyze Middlesex Water Company’s MSEX earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $44.30M | $47.11M | $55.10M | $49.15M |
| Cost of Revenue | $0.00 | $24.71M | $25.36M | $28.13M |
| Gross Profit | $44.30M | $22.39M | $29.74M | $21.02M |
| Gross Profit Ratio | $1.00 | $0.48 | $0.54 | $0.43 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $1.26M |
| Operating Expenses | $32.74M | $11.86M | $12.24M | $5.70M |
| Total Costs & Expenses | $32.74M | $36.58M | $37.60M | $33.83M |
| Interest Income | $0.00 | $0.00 | $354000.00 | $0.00 |
| Interest Expense | $2.71M | $2.83M | $3.41M | $4.04M |
| Depreciation & Amortization | -$1.80M | $7.81M | $7.22M | $7.03M |
| EBITDA | $11.56M | $20.42M | $26.69M | $25.00M |
| EBITDA Ratio | $0.26 | $0.43 | $0.48 | $0.51 |
| Operating Income | $11.56M | $10.53M | $17.50M | $15.31M |
| Operating Income Ratio | $0.26 | $0.22 | $0.32 | $0.31 |
| Other Income/Expenses (Net) | -$916000.00 | -$1.22M | -$1.44M | -$1.39M |
| Income Before Tax | $10.64M | $9.31M | $16.06M | $13.93M |
| Income Before Tax Ratio | $0.24 | $0.20 | $0.29 | $0.28 |
| Income Tax Expense | $1.16M | $503000.00 | $1.74M | $3.38M |
| Net Income | $9.48M | $8.80M | $14.32M | $10.55M |
| Net Income Ratio | $0.21 | $0.19 | $0.26 | $0.21 |
| EPS | $0.53 | -$1.99 | $0.80 | $0.59 |
| Diluted EPS | $0.53 | -$1.98 | $0.80 | $0.59 |
| Weighted Avg Shares Outstanding | $17.89M | $17.88M | $17.83M | $17.83M |
| Weighted Avg Shares Outstanding (Diluted) | $17.95M | $17.95M | $17.95M | $17.94M |
Over the last four quarters, Middlesex Water Company's revenue moved from $49.15M in Q2 2024 to $44.30M in Q1 2025. Operating income in Q1 2025 was $11.56M, with a strong operating margin of 26%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Middlesex Water Company remained robust at $11.56M, reflecting operational efficiency. Net income rose to $9.48M, with an EPS of $0.53. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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