Filing Flows › Middlesex Water (MSEX) › How it makes money
How Middlesex Water (MSEX) makes money
Middlesex Water (MSEX) made $60.2M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 37¢ was left as operating profit, 30¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $60.2M | 100.0% |
| Operating profit | $22.3M | 37.0% |
| Income tax | $2.4M | 4.1% |
| Net earnings | $18.0M | 29.9% |
| Operating cash flow | $22.9M | 38.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $60.2M | +11% |
| Q2 2026 | $56.4M | +14% |
| Q1 2026 | $48.7M | +10% |
| Q4 2025 | $47.0M | -0.3% |
| Q3 2025 | $54.1M | -2% |
| Q2 2025 | $49.3M | +0.4% |
| Q1 2025 | $44.3M | +9% |
From Middlesex Water's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Middlesex Water make money?
Middlesex Water (MSEX) made $60.2M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Of every dollar of revenue, 37¢ was left as operating profit, 30¢ was left as net earnings.
What is Middlesex Water's profit margin?
Net earnings were $18.0M, 29.9% of revenue, in the third quarter 2026; the operating margin was 37.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.