Middlesex Water Company (MSEX) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Middlesex Water Company (MSEX) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MSEX Income Statement

Middlesex Water Company (MSEX) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Revenue	56.36M	48.71M	46.98M	54.09M	49.32M	44.3M	47.11M	55.1M	49.15M	40.52M	38.6M	46.72M	42.8M	38.16M	38.82M	47.73M	39.68M	36.2M	34.02M	39.87M
Revenue Growth %	14.26%	9.96%	-0.27%	-1.83%	0.36%	9.32%	22.03%	17.95%	14.82%	6.21%	-0.57%	-2.13%	7.86%	5.42%	14.1%	19.71%	8.13%	11.23%	-1.74%	-0.12%
Cost of Revenue	32.16M	23.01M	30.32M	30.68M	23.07M	21.11M	24.71M	25.36M	21.82M	20.46M	19.07M	22.58M	21.2M	20.26M	20.09M	20.31M	19.56M	19.14M	18.41M	18.95M
Gross Profit	24.2M	25.7M	16.66M	23.41M	26.26M	23.19M	22.39M	29.74M	27.32M	20.06M	19.53M	24.13M	21.6M	17.9M	18.73M	27.42M	20.13M	17.06M	15.62M	20.92M
Gross Margin %	42.94%	52.76%	35.46%	43.28%	53.23%	52.35%	47.54%	53.98%	55.59%	49.5%	50.6%	51.66%	50.46%	46.91%	48.25%	57.45%	50.72%	47.12%	45.9%	52.48%
Gross Profit Growth %	-7.85%	10.82%	-25.61%	-21.28%	-3.89%	15.62%	14.65%	23.23%	26.5%	12.07%	4.25%	-11.98%	7.31%	4.94%	19.94%	31.05%	7.38%	20.25%	-5.86%	-4.77%
Operating Expenses	5.97M	12.6M	5.45M	5.71M	12.35M	11.63M	11.86M	12.24M	12.01M	10.19M	11.29M	11.31M	10.93M	10.41M	10.59M	10.85M	10.04M	4.53M	9.28M	9.5M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	25.16M	21.29M	19.71M	26.23M	21.46M	19.47M	18.34M	24.72M	22.34M	15.84M	15.58M	20.39M	18.01M	14.69M	15.49M	23.31M	16.66M	19.35M	15.88M	15.78M
EBITDA Margin %	44.64%	43.7%	41.96%	48.5%	43.5%	43.95%	38.92%	44.87%	45.46%	39.1%	40.36%	43.64%	42.08%	38.5%	39.89%	48.83%	41.99%	53.45%	46.68%	39.57%
EBITDA Growth %	17.25%	9.34%	7.5%	6.11%	-3.97%	22.89%	17.7%	21.29%	24.06%	7.85%	0.59%	-12.54%	8.08%	-24.07%	-2.5%	47.74%	1.5%	62.18%	17.01%	-14.57%
Depreciation & Amortization	6.93M	8.19M	8.51M	8.53M	7.54M	7.91M	7.81M	7.22M	7.03M	5.98M	7.34M	7.56M	7.34M	7.2M	7.34M	6.73M	6.58M	6.83M	9.55M	4.35M
D&A / Revenue %	12.29%	16.81%	18.11%	15.77%	15.3%	17.86%	16.57%	13.11%	14.3%	14.75%	19%	16.19%	17.15%	18.87%	18.91%	14.11%	16.57%	18.86%	28.06%	10.92%
Operating Income (EBIT)	18.23M	13.1M	11.21M	17.7M	13.91M	11.56M	10.53M	17.5M	15.31M	9.87M	8.24M	12.82M	10.67M	7.49M	8.15M	16.57M	10.09M	12.52M	6.34M	11.42M
Operating Margin %	32.35%	26.9%	23.85%	32.73%	28.21%	26.09%	22.35%	31.76%	31.16%	24.34%	21.35%	27.45%	24.93%	19.63%	20.98%	34.73%	25.42%	34.6%	18.63%	28.65%
Operating Income Growth %	31.03%	13.37%	6.42%	1.15%	-9.16%	17.15%	27.73%	36.49%	43.55%	31.71%	1.18%	-22.64%	5.76%	-40.19%	28.54%	45.09%	2.79%	122.28%	-23.93%	-13.3%
Interest Expense	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Interest Coverage	4.54x	4.70x	3.51x	4.66x	4.36x	4.92x	4.28x	6.25x	4.45x	4.66x	2.61x	4.55x	3.94x	3.55x	4.60x	10.41x	6.31x	9.44x	3.81x	6.93x
Interest / Revenue %	1.77%	2.05%	2.13%	1.85%	2.03%	2.26%	2.12%	1.81%	2.03%	2.47%	2.59%	2.14%	2.34%	2.62%	2.58%	2.1%	2.52%	2.76%	2.94%	2.51%
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-916K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-884K	-828K	-316K	-425K	-94K	-931K	-1000K
Pretax Income	16.56M	11.89M	9.43M	15.39M	12.19M	10.64M	9.31M	16.06M	13.93M	11.96M	5.66M	10.74M	9.56M	6.61M	7.32M	16.26M	9.66M	12.43M	5.41M	10.41M
Pretax Margin %	29.39%	24.41%	20.06%	28.45%	24.71%	24.02%	19.76%	29.14%	28.34%	29.52%	14.67%	22.98%	22.34%	17.31%	18.85%	34.06%	24.35%	34.34%	15.89%	26.11%
Income Tax	1.79M	1.28M	820K	1.43M	1.41M	1.16M	503K	1.74M	3.38M	1.28M	-102K	746K	-341K	738K	148K	1.97M	795K	329K	-1.83M	-1.06M
Effective Tax Rate %	10.8%	10.81%	8.7%	9.3%	11.56%	10.92%	5.4%	10.83%	24.29%	10.69%	-1.8%	6.95%	-3.57%	11.17%	2.02%	12.1%	8.23%	2.65%	-33.84%	-10.23%
Net Income	14.77M	10.61M	8.61M	13.96M	10.78M	9.48M	8.8M	14.32M	10.55M	10.68M	5.76M	9.99M	9.9M	5.87M	7.17M	14.29M	8.87M	12.1M	7.24M	11.48M
Net Margin %	26.21%	21.77%	18.32%	25.8%	21.85%	21.4%	18.69%	25.99%	21.46%	26.36%	14.93%	21.38%	23.13%	15.38%	18.47%	29.94%	22.35%	33.43%	21.27%	28.78%
Net Income Growth %	37.06%	11.88%	-2.26%	-2.52%	2.2%	-11.26%	52.71%	43.33%	6.51%	82.04%	-19.61%	-30.1%	11.65%	-51.5%	-0.91%	24.53%	-18.81%	75.18%	-12.88%	-9.9%
EPS (Diluted)	0.79	0.58	0.46	0.77	0.60	0.53	-1.98	0.80	0.59	0.59	0.32	0.56	0.55	0.33	0.40	0.81	0.50	0.69	0.41	0.65
EPS Growth %	31.67%	9.43%	123.23%	-3.75%	1.69%	-10.17%	-718.75%	42.86%	7.27%	78.79%	-20%	-30.86%	10%	-52.17%	-2.44%	24.62%	-19.35%	76.92%	-14.58%	-9.72%
EPS (Basic)	0.79	0.58	0.47	0.77	0.60	0.53	-1.99	0.80	0.59	0.60	0.32	0.56	0.56	0.33	0.40	0.81	0.50	0.69	0.42	0.65
Diluted Shares Outstanding	18.74M	18.43M	18.43M	18.15M	17.99M	17.95M	17.95M	17.95M	17.94M	17.93M	17.82M	17.87M	17.83M	17.77M	17.64M	17.74M	17.7M	17.65M	17.58M	17.61M