Middlesex Water Company (MSEX) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

Middlesex Water Company Revenue Highlights

Latest Revenue (Y)

$166.27M

Latest Revenue (Q)

$55.10M

Main Segment (Y)

Regulated

Main Geography (Y)

Regulated

Middlesex Water Company Revenue by Period

Middlesex Water Company Revenue by Year

Date	Revenue	Change
2023-12-31	$166.27M	2.36%
2022-12-31	$162.43M	13.48%
2021-12-31	$143.14M	1.09%
2020-12-31	$141.59M	5.20%
2019-12-31	$134.60M	-2.52%
2018-12-31	$138.08M	5.58%
2017-12-31	$130.78M	-1.60%
2016-12-31	$132.91M	5.46%
2015-12-31	$126.03M	7.59%
2014-12-31	$117.14M	2.00%
2013-12-31	$114.85M	4.05%
2012-12-31	$110.38M	8.14%
2011-12-31	$102.07M	-0.65%
2010-12-31	$102.73M	12.59%
2009-12-31	$91.24M	0.23%
2008-12-31	$91.04M	5.72%
2007-12-31	$86.11M	6.23%
2006-12-31	$81.06M	8.64%
2005-12-31	$74.61M	5.10%
2004-12-31	$70.99M	10.73%
2003-12-31	$64.11M	3.52%
2002-12-31	$61.93M	3.85%
2001-12-31	$59.64M	9.47%
2000-12-31	$54.48M	1.83%
1999-12-31	$53.50M	24.13%
1998-12-31	$43.10M	6.95%
1997-12-31	$40.30M	6.05%
1996-12-31	$38.00M	0.53%
1995-12-31	$37.80M	4.71%
1994-12-31	$36.10M	1.69%
1993-12-31	$35.50M	-

Middlesex Water Company generated $166.27M in revenue during NA 2023, up 2.36% compared to the previous quarter, and up 120.42% compared to the same period a year ago.

Middlesex Water Company Revenue by Quarter

Date	Revenue	Change
2024-09-30	$55.10M	12.11%
2024-06-30	$49.15M	21.28%
2024-03-31	$40.52M	4.98%
2023-12-31	$38.60M	-17.37%
2023-09-30	$46.72M	9.14%
2023-06-30	$42.80M	12.17%
2023-03-31	$38.16M	-1.72%
2022-12-31	$38.82M	-18.66%
2022-09-30	$47.73M	20.28%
2022-06-30	$39.68M	9.63%
2022-03-31	$36.20M	6.38%
2021-12-31	$34.02M	-14.67%
2021-09-30	$39.87M	8.65%
2021-06-30	$36.70M	12.78%
2021-03-31	$32.54M	-6.02%
2020-12-31	$34.63M	-13.26%
2020-09-30	$39.92M	13.16%
2020-06-30	$35.28M	11.04%
2020-03-31	$31.77M	-2.96%
2019-12-31	$32.74M	-13.32%
2019-09-30	$37.77M	13.10%
2019-06-30	$33.39M	8.78%
2019-03-31	$30.70M	-7.73%
2018-12-31	$33.27M	-14.07%
2018-09-30	$38.71M	10.87%
2018-06-30	$34.92M	12.00%
2018-03-31	$31.18M	-0.89%
2017-12-31	$31.46M	-13.04%
2017-09-30	$36.17M	9.57%
2017-06-30	$33.01M	9.57%
2017-03-31	$30.13M	-5.27%
2016-12-31	$31.81M	-15.84%
2016-09-30	$37.79M	15.49%
2016-06-30	$32.73M	7.02%
2016-03-31	$30.58M	-1.12%
2015-12-31	$30.93M	-10.76%
2015-09-30	$34.65M	9.44%
2015-06-30	$31.67M	10.03%
2015-03-31	$28.78M	2.39%
2014-12-31	$28.11M	-13.96%
2014-09-30	$32.67M	11.92%
2014-06-30	$29.19M	7.42%
2014-03-31	$27.17M	-0.91%
2013-12-31	$27.42M	-12.35%
2013-09-30	$31.29M	7.50%
2013-06-30	$29.10M	7.63%
2013-03-31	$27.04M	-0.15%
2012-12-31	$27.08M	-16.30%
2012-09-30	$32.35M	18.07%
2012-06-30	$27.40M	16.37%
2012-03-31	$23.55M	1.06%
2011-12-31	$23.30M	-18.73%
2011-09-30	$28.67M	9.84%
2011-06-30	$26.10M	8.78%
2011-03-31	$24.00M	-3.89%
2010-12-31	$24.97M	-15.61%
2010-09-30	$29.59M	11.48%
2010-06-30	$26.54M	22.61%
2010-03-31	$21.64M	-1.97%
2009-12-31	$22.08M	-13.41%
2009-09-30	$25.50M	10.46%
2009-06-30	$23.08M	12.15%
2009-03-31	$20.58M	-4.24%
2008-12-31	$21.50M	-16.21%
2008-09-30	$25.65M	11.37%
2008-06-30	$23.04M	10.45%
2008-03-31	$20.86M	-1.84%
2007-12-31	$21.25M	-

Middlesex Water Company generated $55.10M in revenue during Q3 2024, up 12.11% compared to the previous quarter, and up 128.74% compared to the same period a year ago.

Middlesex Water Company Revenue Breakdown

Middlesex Water Company Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 20	Dec 19	Dec 18
Regulated	$129.85M	$123.08M	$121.90M
Non - Regulated	$12.54M	$12.18M	$16.78M

Middlesex Water Company's latest annual revenue breakdown by segment (product or service), as of Dec 20: Regulated (91.19%), and Non - Regulated (8.81%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Residential Member	$28.89M	$24.74M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Industrial Member	$3.80M	$3.64M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial Member	$9.69M	$8.58M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regulated	-	-	$44.86M	$37.04M	$33.33M	$37.40M	$33.61M	$29.42M	$31.59M	$37.04M	$32.29M	$28.94M	$29.74M	$35.00M	$30.44M	$27.90M	$28.90M	$34.63M	$31.17M	$27.21M
Non - Regulated	-	-	$3.43M	$2.88M	$3.01M	$3.00M	$3.40M	$3.26M	$3.20M	$3.20M	$3.18M	$2.96M	$3.15M	$3.02M	$3.09M	$2.92M	$4.49M	$4.30M	$3.88M	$4.10M

Middlesex Water Company's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Residential Member (68.16%), Commercial Member (22.87%), and Industrial Member (8.96%).

Middlesex Water Company Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 20	Dec 19	Dec 18
Non - Regulated	$12.54M	$12.18M	$16.78M
Regulated	$129.85M	$123.08M	$121.90M

Middlesex Water Company's latest annual revenue breakdown by geography, as of Dec 20: Regulated (91.19%), and Non - Regulated (8.81%).

Quarterly Revenue by Country

Country	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Regulated	$44.86M	$37.04M	$33.33M	$37.40M	$33.61M	$29.42M	$31.59M	$37.04M	$32.29M	$28.94M	$29.74M	$35.00M	$30.44M	$27.90M	$28.90M	$34.63M	$31.17M	$27.21M
Non - Regulated	$3.43M	$2.88M	$3.01M	$3.00M	$3.40M	$3.26M	$3.20M	$3.20M	$3.18M	$2.96M	$3.15M	$3.02M	$3.09M	$2.92M	$4.49M	$4.30M	$3.88M	$4.10M

Middlesex Water Company's latest quarterly revenue breakdown by geography, as of Sep 22: Regulated (92.90%), and Non - Regulated (7.10%).

Middlesex Water Company Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AWK	American Water Works Company	$4.23B	$1.32B
WTRG	Essential Utilities	$2.05B	$435.25M
CWT	California Water Service Group	$794.63M	$299.56M
SJW	SJW Group	$670.36M	$247.34M
AWR	American States Water Company	$595.70M	$161.78M
CWCO	Consolidated Water	$180.21M	$33.39M
MSEX	Middlesex Water Company	$166.27M	$55.10M
ARTNA	Artesian Resources	$98.86M	$29.14M
YORW	York Water Company	$71.03M	$18.75M
GWRS	Global Water Resources	$53.03M	$14.32M

MSEX Revenue FAQ

What is Middlesex Water Company’s yearly revenue?

Middlesex Water Company's yearly revenue for 2023 was $166.27M, representing an increase of 2.36% compared to 2022. The company's yearly revenue for 2022 was $162.43M, representing an increase of 13.48% compared to 2021. MSEX's yearly revenue for 2021 was $143.14M, representing an increase of 1.09% compared to 2020.

What is Middlesex Water Company’s quarterly revenue?

Middlesex Water Company's quarterly revenue for Q3 2024 was $55.1M, a 12.11% increase from the previous quarter (Q2 2024), and a 17.95% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $49.15M, a 21.28% increase from the previous quarter (Q1 2024), and a 14.82% increase year-over-year (Q2 2023). MSEX's quarterly revenue for Q1 2024 was $40.52M, a 4.98% increase from the previous quarter (Q4 2023), and a 6.21% increase year-over-year (Q1 2023).

What is Middlesex Water Company’s revenue growth rate?

Middlesex Water Company's revenue growth rate for the last 3 years (2021-2023) was 16.16%, and for the last 5 years (2019-2023) was 23.53%.

What are Middlesex Water Company’s revenue streams?

Middlesex Water Company's revenue streams in c 20 are Regulated, and Non - Regulated. Regulated generated $129.85M in revenue, accounting 91.19% of the company's total revenue, up 5.50% year-over-year. Non - Regulated generated $12.54M in revenue, accounting 8.81% of the company's total revenue, up 3.02% year-over-year.

What is Middlesex Water Company’s main source of revenue?

For the fiscal year ending Dec 20, the largest source of revenue of Middlesex Water Company was Regulated. This segment made a revenue of $129.85M, representing 91.19% of the company's total revenue.