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Sep 30, 2022
Middlesex Water Q3 2022 Earnings Report
Reported an increase in revenue and earnings per share for the third quarter of 2022.
Key Takeaways
Middlesex Water Company reported an increase in third quarter diluted earnings per share to $0.80, compared to $0.65 per share for the same period in 2021. Net income increased by $2.8 million to $14.3 million. Consolidated operating revenues for the quarter increased by $7.9 million to $47.7 million compared to the same period in 2021.
Third quarter diluted earnings per share increased to $0.80, compared to $0.65 per share for the same period in 2021.
Net income increased by $2.8 million to $14.3 million.
Consolidated operating revenues increased by $7.9 million to $47.7 million compared to the same period in 2021.
The company dedicated a new ozone treatment facility in New Jersey and continues to upgrade critical utility infrastructure in New Jersey and Delaware.
Forward Guidance
Middlesex Water Company remains focused on delivering high quality drinking water, maintaining safety and security, and investing in infrastructure and technologies to enhance their ability to respond to environmental challenges and regulations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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