Middlesex Water Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 11:14 am EST
Middlesex Water Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 46.72 million compared to USD 47.73 million a year ago. Net income was USD 9.99 million compared to USD 14.29 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.8 a year ago.
For the nine months, sales was USD 127.67 million compared to USD 123.61 million a year ago. Net income was USD 25.76 million compared to USD 35.26 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 2 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 1.99 a year ago.