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Mar 31, 2020
Middlesex Water Q1 2020 Earnings Report
Reported first quarter diluted earnings per share higher than the same reporting period in 2019.
Key Takeaways
Middlesex Water Company reported a consolidated operating revenue increase of $1.1 million compared to 2019, primarily due to increased demand from wholesale contract customers and customer growth in Delaware water systems. Diluted earnings per share were reported at $0.44, $0.05 higher than the same period in 2019. Net income increased by $1.1 million compared to the same period in 2019.
Maintained uninterrupted service during the COVID-19 pandemic.
Continued key capital projects following COVID-19 preventive guidelines.
Suspended shutoffs due to non-payment and established a COVID-19 relief effort.
Teams worked to maintain uninterrupted service at all levels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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