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Dec 31, 2020
Middlesex Water Q4 2020 Earnings Report
Announced fourth quarter and year end results.
Key Takeaways
Middlesex Water Company reported an increase in operating revenues for the fourth quarter of 2020, rising to $34.6 million from $32.7 million in the same period of 2019. Net income also saw an increase, reaching $8.3 million compared to $8.1 million in the prior year's quarter.
Consolidated operating revenues increased to $141.6 million for the year ended December 31, 2020, up from $134.6 million in 2019.
Net income for the year increased $4.5 million to $38.4 million, compared to $33.9 million in 2019.
Operating revenues for the three month period ended December 31, 2020, were $34.6 million, up from $32.7 million for the same period in 2019.
Net income increased to $8.3 million from $8.1 million for the same period in 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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