Middlesex Water Announces Third Quarter 2024 Financial Results
Middlesex Water Company (MSEX)
Last middlesex water company earnings: 11/1 12:33 pm
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middlesexwater.com
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Source: GlobeNewswire
Diluted earnings per share of $0.80 for the quarter, an increase of 42.9% in comparison to the prior yearCommon dividend increased by 4.62%. ISELIN, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today announced third quarter financial results. Third Quarter Operating Results Diluted earnings per share were $0.80 and $0.56 for the three months ended September 30, 2024, and 2023, respectively. Net income for the quarter was $14.3 million, a $4.3 million increase when compared to the same period in 2023. Revenues for the quarter ended September 30, 2024, increased $8.4 million to $55.1 million, compared to the same period in 2023. Middlesex System revenues increased $6.1 million due primarily to the New Jersey Board of Public Utilities (NJBPU)-approved base rate increase effective March 1, 2024, and increased customer demand. In our Delaware System, revenues increased
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News
- Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Stalled [Yahoo! Finance]Yahoo! Finance
- Middlesex Water (NASDAQ: MSEX) had its price target raised by analysts at Robert W. Baird from $58.00 to $61.00. They now have a "neutral" rating on the stock.MarketBeat
- Middlesex Water (MSEX) Beats Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Middlesex Water Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Middlesex Water Company Increases Common Dividend by 4.62% [Yahoo! Finance]Yahoo! Finance
MSEX
Earnings
- 10/31/24 - Beat
MSEX
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 4
- 11/5/24 - Form 8-K
- MSEX's page on the SEC website