NASDAQ$MSEX

Middlesex Water Company · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an increase in earnings per share and net income compared to the same period in 2020.

Middlesex Water Company reported second quarter diluted earnings per share of $0.62, compared to $0.55 per share for the same period in 2020. Net income increased by $1.2 million to $10.9 million. Consolidated operating revenues increased by $1.4 million to $36.7 million.

  • Second quarter diluted earnings per share were $0.62, compared to $0.55 per share in 2020.
  • Net income increased $1.2 million to $10.9 million.
  • Consolidated operating revenues increased $1.4 million to $36.7 million.
  • Increase in operating revenues is largely demand driven from retail water customers and customer growth in Delaware systems.

Headline financials

Total Revenue

$36.7M

Previous: $35.2M+4.0%
EPS (adj)

$0.62

Previous: $0.55+12.7%
Capital Expenditures

-$24.5M

Previous: -$20.3M-20.7%
Free Cash Flow

-$13.5M

Previous: -$10.6M-28.3%
Net Income

$10.9M

Previous: $9.71M+12.5%
Operating Income

$9.81M

Previous: $9.39M+4.6%
Gross Profit

-$1.65M

Previous: -$1.71M+3.6%
Cash & Equivalents

$6.03M

Previous: $13.2M-54.3%
Total Assets

$1.01B

Previous: $951M+6.7%
Stock-Based Comp

$557K

Previous: $470K+18.5%

Revenue & EPS history

Middlesex Water · Revenue · Quarterly

$36.7M

Q2 2021+4%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
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 Q2 2021

Historical avgQ2 2021

-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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