Middlesex Water Reports First Quarter 2021 Earnings
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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.