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Stock impact report

Middlesex Water Announces 2023 Year End Results

Middlesex Water Company (MSEX) 
Last middlesex water company earnings: 11/1 12:33 pm Check Earnings Report
US:NASDAQ Investor Relations: middlesexwater.com
Company Research Source: GlobeNewswire
ISELIN, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023. 2023 OPERATING RESULTS Consolidated operating revenues increased to $166.3 million for the year ended December 31, 2023, up $3.8 million from 2022. Factors affecting operating revenues were: A net $4.2 million increase in our Middlesex System revenues due to the implementation of the final phase of the 2021 base rate case increase on January 1, 2023 and additional revenues through the Purchase Water Adjustment Clause rate;A net decrease of $0.9 million in our Tidewater System revenues related to lower customer connection fees and lower weather driven customer demand along with a Delaware Public Service Commission ordered rate reduction in September 2022;A $0.2 million increase in the Pinelands System in New Jersey due to the implementation of a base rate increase effective April 15, 2023; andA Show less Read more
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