MSEX
Income statement / Annual
Last year (2023), Middlesex Water Company's total revenue was $166.27 M,
an increase of 2.36% from the previous year.
In 2023, Middlesex Water Company's net income was $31.52 M.
See Middlesex Water Company’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$166.27 M
|
$162.43 M
|
$143.14 M
|
$141.59 M
|
$134.60 M
|
$138.08 M
|
$130.78 M
|
$132.91 M
|
$126.03 M
|
$117.14 M
|
| Cost of Revenue |
$83.11 M |
$79.10 M |
$73.67 M |
$70.80 M |
$67.98 M |
$71.57 M |
$64.67 M |
$65.53 M |
$65.17 M |
$59.13 M |
| Gross Profit |
$83.16 M |
$83.34 M |
$69.47 M |
$70.80 M |
$66.62 M |
$66.51 M |
$66.11 M |
$67.37 M |
$60.86 M |
$58.01 M |
| Gross Profit Ratio |
0.5 |
0.51 |
0.49 |
0.5 |
0.49 |
0.48 |
0.51 |
0.51 |
0.48 |
0.5 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$2.60 M
|
$4.55 M
|
$2.03 M
|
$279,000.00
|
$1.20 M
|
$624,000.00
|
$169,000.00
|
$242,000.00
|
$0.00
|
$0.00
|
| Other Expenses |
$127.05 M |
$38.92 M |
$36.26 M |
$29.36 M |
$31.10 M |
$1.63 M |
$93,000.00 |
-$1.48 M |
-$87,000.00 |
-$720,000.00 |
| Operating Expenses |
$127.05 M |
$38.92 M |
$36.26 M |
$29.36 M |
$31.10 M |
$29.37 M |
$27.49 M |
$26.74 M |
$25.02 M |
$23.30 M |
| Cost And Expenses |
$127.05 M |
$118.02 M |
$109.93 M |
$100.16 M |
$99.08 M |
$100.94 M |
$92.16 M |
$92.27 M |
$90.19 M |
$82.43 M |
| Interest Income |
$0.00 |
$9.37 M |
$8.11 M |
$7.49 M |
$7.26 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$317,000.00 |
| Interest Expense |
$10.71 M |
$9.37 M |
$8.11 M |
$7.49 M |
$7.26 M |
$5.40 M |
$4.80 M |
$4.67 M |
$5.17 M |
$5.61 M |
| Depreciation &
Amortization |
$29.44 M
|
$27.48 M
|
$26.80 M
|
$20.84 M
|
$17.23 M
|
$15.78 M
|
$14.85 M
|
$13.53 M
|
$12.05 M
|
$12.19 M
|
| EBITDA |
$71.27 M
|
$74.12 M
|
$62.04 M
|
$58.54 M
|
$51.55 M
|
$53.55 M
|
$52.81 M
|
$53.59 M
|
$48.93 M
|
$46.58 M
|
| EBITDA Ratio |
0.43 |
0.45 |
0.4 |
0.44 |
0.38 |
0.39 |
0.4 |
0.39 |
0.38 |
0.39 |
| Operating Income Ratio
|
0.24
|
0.29
|
0.23
|
0.26
|
0.26
|
0.27
|
0.3
|
0.31
|
0.28
|
0.29
|
| Total Other
Income/Expenses Net |
-$6.66 M
|
-$1.66 M
|
-$2.16 M
|
-$3.11 M
|
-$4.77 M
|
-$3.77 M
|
-$3.89 M
|
-$6.16 M
|
-$5.26 M
|
-$6.01 M
|
| Income Before Tax |
$32.56 M |
$45.67 M |
$31.06 M |
$34.31 M |
$30.75 M |
$33.38 M |
$33.91 M |
$34.48 M |
$30.58 M |
$28.38 M |
| Income Before Tax Ratio
|
0.2
|
0.28
|
0.22
|
0.24
|
0.23
|
0.24
|
0.26
|
0.26
|
0.24
|
0.24
|
| Income Tax Expense |
$1.04 M |
$3.24 M |
-$5.49 M |
-$4.12 M |
-$3.14 M |
$924,000.00 |
$11.10 M |
$11.74 M |
$10.55 M |
$9.94 M |
| Net Income |
$31.52 M |
$42.43 M |
$36.54 M |
$38.43 M |
$33.89 M |
$32.45 M |
$22.81 M |
$22.74 M |
$20.03 M |
$18.45 M |
| Net Income Ratio |
0.19 |
0.26 |
0.26 |
0.27 |
0.25 |
0.24 |
0.17 |
0.17 |
0.16 |
0.16 |
| EPS |
1.77 |
2.4 |
2.08 |
2.19 |
2.02 |
1.98 |
1.39 |
1.39 |
1.23 |
1.14 |
| EPS Diluted |
1.76 |
2.39 |
2.07 |
2.18 |
2.01 |
1.96 |
1.38 |
1.38 |
1.22 |
1.13 |
| Weighted Average Shares
Out |
$17.73 M
|
$17.60 M
|
$17.49 M
|
$17.46 M
|
$16.68 M
|
$16.38 M
|
$16.33 M
|
$16.27 M
|
$16.18 M
|
$16.05 M
|
| Weighted Average Shares
Out Diluted |
$17.85 M
|
$17.71 M
|
$17.61 M
|
$17.57 M
|
$16.83 M
|
$16.54 M
|
$16.49 M
|
$16.43 M
|
$16.33 M
|
$16.23 M
|
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