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GlobeNewswire·

The York Water Company Reports 2nd Quarter and Six Months Earnings

YORW
  • York Water Company (NASDAQ: YORW) President JT Hand announced Q2 and first-half 2026 financial results on August 06, 2026.
  • Q2 2026 operating revenues reached $23,515,000, an increase of $4,316,000 from Q2 2025.
  • Q2 2026 net income was $7,615,000, up $2,563,000 from the same period in 2025.
  • Q2 2026 basic and diluted earnings per share were $0.49, an increase of $0.14 from the prior year.
  • Revenue growth was driven by rate increases effective March 1, 2026, customer base expansion, and offset by a DSIC reset to zero.
  • First-half 2026 operating revenues totaled $43,589,000, a $5,934,000 increase from the first six months of 2025.
  • First-half 2026 net income was $12,429,000, up $3,739,000 from the same period in 2025.
  • First-half 2026 basic and diluted earnings per share were $0.82, an increase of $0.22 from the prior year.
  • Income tax decreases in the first half were attributed to higher deductions under IRS tangible property regulations.
  • The Company invested $21.1 million in capital projects for infrastructure, wastewater treatment, software upgrades, maintenance, and routine improvements.
  • The Company spent $470,000 to acquire the CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County.
  • The Company estimates an additional $26.8 million investment in 2026 for main extensions, software upgrades, pipe replacements, and facility improvements.
  • Dividends declared per common share were $0.2280 for Q2 2026 ($0.4560 for the first half), compared to $0.2192 ($0.4384) for the same periods in 2025.