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Dec 31, 2022
Middlesex Water Q4 2022 Earnings Report
Middlesex Water's financial results for the year ended December 31, 2022, were announced.
Key Takeaways
Middlesex Water Company reported an increase in consolidated operating revenues to $162.4 million for the year ended December 31, 2022, up from $19.3 million in 2021. Net income increased to $42.4 million, or $2.39 per share.
Consolidated operating revenues increased by $19.3 million compared to 2021.
Operation and maintenance expenses increased by $5.4 million compared to 2021.
Net income increased by $5.9 million compared to 2021.
Earnings per share were $2.39 on a fully diluted basis.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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