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Stock impact report

Middlesex Water Announces Third Quarter 2024 Financial Results

Middlesex Water Company (MSEX) 
Last middlesex water company earnings: 11/1 12:33 pm Check Earnings Report
US:NASDAQ Investor Relations: middlesexwater.com
Company Research 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 Show less Read more
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