Middlesex Water Company
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.4M | $48.7M | $47.0M | $54.1M | $49.3M | $44.3M | $47.1M | $55.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $18.2M | $13.1M | $11.2M | $17.7M | $13.9M | $11.6M | $10.5M | $17.5M |
| Operating Margin | 32.3% | 26.9% | 23.8% | 32.7% | 28.2% | 26.1% | 22.4% | 31.8% |
| Interest Expense | — | — | — | — | — | — | — | $3.4M |
| Pretax Income | $16.6M | $11.9M | $9.4M | $15.4M | $12.2M | $10.6M | $9.3M | $16.1M |
| Income Tax Expense | $1.8M | $1.3M | $819.0K | $1.4M | $1.4M | $1.2M | $503.0K | $1.7M |
| Net Income | $14.8M | $10.6M | $8.6M | $14.0M | $10.8M | $9.5M | $8.8M | $14.3M |
| Net Margin | 26.2% | 21.8% | 18.3% | 25.8% | 21.9% | 21.4% | 18.7% | 26.0% |
| EPS (Basic) | $0.79 | $0.57 | $0.46 | $0.77 | $0.60 | $0.53 | $0.49 | $0.80 |
| EPS (Diluted) | $0.79 | $0.57 | $0.46 | $0.77 | $0.60 | $0.53 | $0.49 | $0.80 |
| Shares Outstanding (Basic) | 18.7M | 18.5M | 18.1M | 18.1M | 18.0M | 17.9M | 17.8M | 17.8M |
| Shares Outstanding (Diluted) | 18.7M | 18.6M | 18.1M | 18.2M | 18.0M | 18.0M | 17.9M | 18.0M |
| Dividends Per Share | $0.36 | $0.36 | $0.36 | $0.34 | $0.34 | $0.34 | $0.34 | $0.33 |