NASDAQ$MSEX

Middlesex Water Company · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported first quarter diluted earnings per share higher than the same reporting period in 2019.

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.

Headline financials

Total Revenue

$31.7M

Previous: $30.7M+3.5%
EPS (adj)

$0.44

Previous: $0.39+12.8%
Capital Expenditures

-$25.1M

Previous: -$12.3M-104.0%
Free Cash Flow

-$17.5M

Previous: -$5.77M-202.8%
Net Income

$7.67M

Previous: $6.55M+17.0%
Operating Income

$6.53M

Previous: $7.03M-7.1%
Gross Profit

-$1.66M

Previous: -$1.63M-2.0%
Cash & Equivalents

$15.4M

Previous: $4.99M+209.2%
Total Assets

$935M

Previous: $783M+19.5%
Stock-Based Comp

$162K

Previous: $229K-29.3%

Revenue & EPS history

Middlesex Water · Revenue · Quarterly

$31.7M

Q1 2020+3.5%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.6%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+1.3%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+15.8%

Q4 2024

Best reaction

-12.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%+0.5%+3.1%
Q4 2025-0.6%+0.3%-7.9%
Q3 2025-12.2%-8.1%-10.8%
Q1 2025-4.0%-3.6%-7.7%
Q4 2024+15.8%+21.9%+27.9%
Q3 2024+4.5%+7.0%+4.7%
Q2 2024-0.3%-4.5%-4.7%
Q1 2024+4.6%+6.3%-3.4%
Q4 2023+0.4%+0.8%+2.7%
Q3 2023-2.8%+4.8%+6.5%
Q2 2023-1.6%-1.6%-3.4%
Q1 2023-4.9%+1.2%+11.5%
Q4 2022-6.1%-9.1%-8.0%
Q3 2022+2.3%-1.9%+8.3%
Q2 2022-7.1%-3.1%-4.8%
Q1 2022-5.0%-1.1%-3.3%
Q4 2021+2.1%+2.9%+4.7%
Q3 2021-7.2%-6.9%-4.0%
Q2 2021+2.6%+5.6%+5.8%
Q1 2021-1.0%+0.4%+6.3%
Q4 2020-3.4%-1.7%+11.5%
Q3 2020+2.1%-1.1%+4.9%
Q2 2020+1.7%+1.3%-0.1%
Q1 2020+0.1%+1.7%+12.1%
Q4 2019-9.2%-3.5%-12.7%
Q3 2019-3.8%-5.5%-6.6%
Q2 2019-6.5%-8.4%-1.7%
Q1 2019-1.8%+4.8%+3.1%
Q4 2018+4.1%+3.4%-3.1%
Q3 2018+11.1%+20.0%+18.8%
Q2 2018-1.4%+2.5%+5.8%
Q1 2018-1.9%-0.7%+0.6%
Q4 2017+1.8%-1.1%+5.2%
Q3 2017-0.2%+0.5%+5.9%
Q2 2017+1.3%+0.4%-3.2%
Q1 2017-2.2%-6.7%-2.2%
Q4 2016-4.9%-8.5%-4.2%
Q3 2016-4.6%-5.3%+14.4%
Q2 2016-3.7%-5.7%-19.6%
Q1 2016+1.5%
Q4 2015+6.9%
Q3 2015-1.1%
Q2 2015-0.7%
Q1 2015-2.4%
Q4 2014-2.6%
Q3 2014+0.6%
Q2 2014+0.6%
Q1 2014+0.5%
Q4 2013+0.7%
Q3 2013+0.2%
Q2 2013-2.1%
Q1 2013+2.7%
Q4 2012+0.1%
Q3 2012+1.7%
Q2 2012+2.5%
Q1 2012+0.2%
Q4 2011+1.0%
Q3 2011-0.8%
Q3 2010-0.8%
Q2 2011-0.4%
Q2 2010-0.4%
Q4 2009-0.4%
Q1 2011-0.4%
Q4 2010-0.4%
Q1 2010-6.2%

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