GlobeNewswire·May 5, 2026, 9:30 AM ET

The York Water Company Reports Three Months Earnings

York Water Company reported first quarter 2026 operating revenues of $20,074,000, an increase of $1,618,000 compared to Q1 2025.
Net income for the period rose to $4,814,000, up $1,176,000 from the same period last year.
Basic & Diluted Earnings per Share reached $0.33, a $0.08 increase over the prior year.
Revenue growth was driven primarily by rate increases effective March 1, 2026, & customer base expansion, partially offset by a reset of the Distribution System Improvement Charge to zero.
Income tax expenses decreased due to higher deductions from IRS tangible property regulations.
Higher operating expenses, depreciation, & interest on debt partially offset the gains from increased revenue & lower taxes.
The Company invested $9.8 million in capital projects during the first three months of 2026 for main extensions, software upgrades, & infrastructure improvements.
An additional $470,000 was invested in acquiring two wastewater systems: CMV Sewage Co. & Pine Run Retirement Community.
The Company estimates an additional $38.1 million investment for 2026, excluding acquisitions, to support infrastructure & service reliability.
Dividends declared per common share for the quarter were $0.2280, compared to $0.2192 in the prior year.