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Dec 31, 2021
Middlesex Water Q4 2021 Earnings Report
Middlesex Water's financial performance declined due to decreased operating revenues and increased operation and maintenance expenses.
Key Takeaways
Middlesex Water Company reported a decrease in operating revenues and net income for the fourth quarter of 2021. Operating revenues decreased to $34.0 million from $34.6 million in the same period of 2020. Net income decreased to $7.2 million from $8.3 million for the same period in 2020.
Operating revenues for Q4 2021 were $34.0 million, down from $34.6 million in Q4 2020.
Operations and maintenance expenses for Q4 2021 increased to $18.4 million from $18.0 million in Q4 2020.
Net income for Q4 2021 decreased to $7.2 million from $8.3 million in Q4 2020.
The company declared a quarterly cash dividend of $0.29 per common share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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