| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 19.97 | 8.9% |
| Total Income | 19.97 | 8.9% |
| Expenditure | 13.62 | 12.9% |
| PBT | 3.97 | 3.4% |
| Net Profit | 4.81 | 32.1% |
| OPM | 31.81% | 2.45pp |
| NPM | 24.10% | 4.27pp |
| EPS | 0.33 | 32.0% |
York Water Company Reports Q1 2026 Earnings
05 May 2026 · 5 May, 8:21 pm
Summary
The York Water Company announced its financial results for the first quarter of 2026. Operating revenues increased by $1,618,000 to $20,074,000, and net income increased by $1,176,000 to $4,814,000 compared to the first quarter of 2025. Basic and Diluted Earnings per share increased to $0.33. The company invested $9.8 million in capital projects and $470,000 in the acquisition of two wastewater systems. The company anticipates investing an additional $38.1 million in 2026.
Key Highlights
- 1
The York Water Company's first quarter operating revenues increased by $1,618,000 to $20,074,000 compared to the first quarter of 2025.
- 2
Net income for the first quarter increased by $1,176,000 to $4,814,000 compared to the same period last year.
- 3
Basic and Diluted Earnings per share increased by $0.08 to $0.33 for the three-month period.
- 4
The company invested $9.8 million in capital projects during the first three months of 2026.
- 5
The company invested $470,000 in the acquisition of two wastewater systems.
- 6
The company estimates it will invest an additional $38.1 million in 2026, excluding acquisitions, for additional main extensions and other improvements.
Management Comments
JT Hand
President Hand reported that first quarter operating revenues of $20,074,000 increased $1,618,000, and net income of $4,814,000 increased $1,176,000 compared to the first quarter of 2025. Basic and Diluted Earnings per share of $0.33 for the three-month period increased $0.08 compared to the same period last year. Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC). The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure. Growth in the customer base also added to revenues. Income taxes decreased due to higher deductions from the IRS tangible property regulations. The increased revenue and lower income taxes were partially offset by higher operation and maintenance expenses, depreciation, and interest on debt.
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