Earnings Summary

Middlesex Water Co’s revenue jumped 7.86% since last year same period to $42.8Mn in the Q2 2023. On a quarterly growth basis, Middlesex Water Co has generated 12.17% jump in its revenue since last 3-months.

Middlesex Water Co’s net profit jumped 11.65% since last year same period to $9.9Mn in the Q2 2023. On a quarterly growth basis, Middlesex Water Co has generated 68.73% jump in its net profits since last 3-months.

Middlesex Water Co’s net profit margin jumped 3.52% since last year same period to 23.13% in the Q2 2023. On a quarterly growth basis, Middlesex Water Co has generated 50.42% jump in its net profit margins since last 3-months.

Middlesex Water Co’s earning per share (EPS) estimates for the current quarter stand at 0.53 - a -39.77% fall from last quarter’s estimates.

Middlesex Water Co’s earning per share (EPS) estimates for the current year stand at 0.53.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Middlesex Water Co’s return on assets (ROA) stands at 0.03.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Middlesex Water Co’s return on equity (ROE) stands at 0.09.

Middlesex Water Co declared 0.31 dividend per share during the earnings announcement for Q1 2023.