Filing Flows › Middlesex Water (MSEX) › Q2 2026
Middlesex Water (MSEX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Middlesex Water (MSEX) reported revenue of $56.4M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +16% from the quarter before. Operating margin was 32.3%, net earnings $14.8M (26.2% of revenue).
Middlesex Water, Q2 2026: revenue $56.4M (+14% year over year), operating margin 32.3%, net earnings $14.8M, operating cash flow $16.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.4M | +16% | +14% |
| Operating profit | $18.2M | +39% | +31% |
| Net earnings | $14.8M | +39% | +37% |
| Operating cash flow | $16.4M | +40% | -10% |
What changed
Revenue was $56.4M in Q2 2026, up 14% year over year and up 16% from the previous quarter.
Operating profit was $18.2M, a 32.3% margin (up 4.1 points year over year). Of the extra revenue versus Q2 2025, 61% reached operating profit, above the 28% margin then. Total costs grew 8% against revenue growth of 14%. Net earnings were $14.8M, up 37% year over year. The effective tax rate was 10.8%.
Operating cash flow was $16.4M (down 10% year over year), 111% of net earnings. Non-cash charges added back $6.9M of depreciation and amortization and $766K of share-based compensation. Working capital and other items used $6.1M.
Questions
What was Middlesex Water's revenue in the second quarter 2026?
Middlesex Water (MSEX) reported revenue of $56.4M for the second quarter 2026 (Q2 2026), +14% from a year earlier and +16% from the quarter before.
Was Middlesex Water profitable in the second quarter 2026?
Operating profit was $18.2M (32.3% of revenue) and net earnings $14.8M.
Source: Middlesex Water 10-Q on SEC EDGAR.