Perth Amboy station

Middlesex Water Reports First Quarter 2021 Earnings

Retrieved on: 
Wednesday, May 5, 2021

b'ISELIN, N.J., May 05, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (\xe2\x80\x9cMiddlesex\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial results.\nQuarterly consolidated operating revenues rose 2.4% to $32.5 million compared to the same period in 2020.

Key Points: 
  • b'ISELIN, N.J., May 05, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (\xe2\x80\x9cMiddlesex\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial results.\nQuarterly consolidated operating revenues rose 2.4% to $32.5 million compared to the same period in 2020.
  • The $0.8 million increase is largely attributable to increased customer demand for water in the Middlesex System in New Jersey and from customer growth in our Delaware water systems.
  • Diluted earnings per share were $0.39 and $0.44 for the three months ended March 31, 2021 and 2020, respectively.\n\xe2\x80\x9cContinuing into 2021, we maintained a steady pace on numerous capital improvement projects under our Water For Tomorrow\xc2\xae program to enhance system reliability, resiliency and overall service quality.
  • Middlesex Water Company provides contract water and wastewater operations services through its non-regulated subsidiary Utility Service Affiliates (Perth Amboy) Inc. to the City of Perth Amboy, New Jersey.

Middlesex Water Company Reports First Quarter 2020 Financial Results

Retrieved on: 
Tuesday, May 5, 2020

ISELIN, N.J., May 05, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (Middlesex or the Company) (NASDAQ:MSEX) a provider of water and wastewater services, today reported 1st Quarter diluted earnings per share of $0.44, which is $0.05 per share higher than the same reporting period in 2019.

Key Points: 
  • ISELIN, N.J., May 05, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (Middlesex or the Company) (NASDAQ:MSEX) a provider of water and wastewater services, today reported 1st Quarter diluted earnings per share of $0.44, which is $0.05 per share higher than the same reporting period in 2019.
  • The Company reported first quarter 2020 consolidated operating revenues of $31.8 million, as compared to $30.7 million in 2019.
  • Middlesex Water Company provides contract water and wastewater operations services through its non-regulated subsidiary Utility Service Affiliates (Perth Amboy) Inc. to the City of Perth Amboy, New Jersey.
  • This press release contains forwardlooking statements within the meaning of U.S. federal securities laws regarding Middlesex Water Company MSEX or the Company, its financial condition, and its results of operations that reflect the Companys current views and information currently available.