Quarterly ResultAug 6, 2026, 09:46 AM
York Water Q2 Net Income +50.7% to $7.6M; EPS $0.49
AI Summary
York Water Company reported strong financial results for the second quarter and first half of 2026, driven by a significant rate increase approved by the PPUC. Net income for Q2 2026 surged by 50.7% to $7.615 million, with basic EPS increasing by 40% to $0.49. The company also completed a public offering of common stock, raising $47.634 million, which was used to repay short-term borrowings and fund capital expenditures and acquisitions. Additionally, York Water expanded its wastewater operations through two acquisitions, adding 380 new customers.
Key Highlights
- Net income for Q2 2026 increased by 50.7% to $7.615 million from $5.052 million in Q2 2025.
- Basic earnings per share (EPS) for Q2 2026 rose by 40% to $0.49 from $0.35 in Q2 2025.
- Operating revenues for Q2 2026 increased by 22.5% to $23.515 million from $19.199 million in Q2 2025.
- PPUC authorized a rate increase effective March 1, 2026, adding $16.0 million in annual water revenues and $2.85 million in annual wastewater revenues.
- Completed a public offering of 1,750,000 common shares, generating net proceeds of $47.634 million.
- Acquired wastewater assets of CMV Sewage Co. and Pine Run Retirement Community, adding 380 customers.
- Long-term debt decreased to $189.364 million as of June 30, 2026, from $221.900 million at December 31, 2025.
- No shares were repurchased under the share repurchase program during Q2 or H1 2026.
Price Impact
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