| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 23.41 | 17.2% | 22.7% |
| Total Income | 23.41 | 17.2% | 22.7% |
| Expenditure | 13.60 | 0.1% | 13.3% |
| PBT | 7.78 | 96.0% | 65.9% |
| Net Profit | 7.62 | 58.4% | 50.9% |
| OPM | 41.90% | 10.09pp | 4.77pp |
| NPM | 32.53% | 8.43pp | 6.06pp |
| EPS | 0.49 | 48.5% | 40.0% |
The York Water Company Reports Q2 2026 Earnings
06 Aug 2026 · 6 Aug, 7:11 pm
Summary
The York Water Company announced its financial results for the second quarter and first six months of 2026. Second quarter operating revenues increased by $4,316,000 to $23,515,000, and net income rose by $2,563,000 to $7,615,000, with earnings per share increasing by $0.14 to $0.49. For the first six months, operating revenues grew to $43,589,000 and net income to $12,429,000, with earnings per share up $0.22 to $0.82. These increases were primarily driven by rate adjustments effective March 1, 2026, and customer base growth, partially offset by a reset of the Distribution System Improvement Charge (DSIC) and higher operating expenses. The company also reported significant capital investments totaling $21.1 million in the first half of 2026, with plans for an additional $26.8 million investment in the remainder of the year.
Key Highlights
- 1
The York Water Company reported second quarter operating revenues of $23,515,000, an increase of $4,316,000 compared to the second quarter of 2025.
- 2
Net income for the second quarter was $7,615,000, an increase of $2,563,000 compared to the second quarter of 2025.
- 3
Basic and Diluted Earnings per share for the three-month period were $0.49, an increase of $0.14 compared to the same period last year.
- 4
For the first six months of 2026, operating revenues were $43,589,000, an increase of $5,934,000 compared to the first six months of 2025.
- 5
Net income for the first six months of 2026 was $12,429,000, an increase of $3,739,000 compared to the first six months of 2025.
- 6
Basic and Diluted Earnings per share for the six-month period were $0.82, an increase of $0.22 compared to the same period last year.
- 7
The Company invested $21.1 million in capital projects during the first six months of 2026, with an estimated additional $26.8 million to be invested in 2026.
Management Comments
JT Hand
President Hand reported that second quarter operating revenues of $23,515,000 increased $4,316,000, and net income of $7,615,000 increased $2,563,000 compared to the second quarter of 2025. Basic and Diluted Earnings per share of $0.49 for the three-month period increased $0.14 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. The increased revenue was partially offset by higher operation and maintenance expenses, depreciation, and income taxes. President Hand also reported that the first six months operating revenues of $43,589,000 increased $5,934,000, and net income of $12,429,000 increased $3,739,000 compared to the first six months of 2025. Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of the DSIC. 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 and depreciation. Basic and Diluted Earnings per share of $0.82 for the six-month period increased $0.22 compared to the same period last year.
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