The York Water Company — Second Quarter 2026 Earnings Summary

Financial Performance

• Second quarter 2026 operating revenues were $23,515,000, an increase of $4,316,000 (22.5%) compared to $19,199,000 in the second quarter of 2025.
• Second quarter 2026 net income was $7,615,000, an increase of $2,563,000 compared to $5,052,000 in the second quarter of 2025.
• Basic and diluted earnings per share for the second quarter were $0.49, an increase of $0.14 compared to $0.35 in the same period last year.
• First six months 2026 operating revenues were $43,589,000, an increase of $5,934,000 (15.8%) compared to $37,655,000 in the first six months of 2025.
• First six months 2026 net income was $12,429,000, an increase of $3,739,000 compared to $8,690,000 in the first six months of 2025.
• Basic and diluted earnings per share for the first six months were $0.82, an increase of $0.22 compared to $0.60 in the same period last year.
• Increased revenues were primarily driven by rate increases effective March 1, 2026, and customer base growth, partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC).
• Higher operating and maintenance expenses, depreciation, and income taxes partially offset revenue gains in the second quarter.
• Income tax decreases in the first six months were attributed to higher deductions from IRS tangible property regulations.

Guidance and Future Outlook

• The Company estimates an additional $26.8 million in capital investments for 2026, excluding acquisitions.
• Future capital spending will focus on main extensions, continued enterprise software system upgrades, and routine improvements to pipes, service lines, and facilities to ensure safe, adequate, and reliable water supply and wastewater disposal.

Business Segments and Product Lines

• During the first six months of 2026, the Company invested $21.1 million in capital projects including main extensions, wastewater treatment plant construction, and enterprise software upgrades.
• The Company acquired two wastewater systems in the first six months of 2026 for $470,000: CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County.

Other Key Points

• Dividends declared per common share were $0.2280 for the second quarter of 2026, up from $0.2192 in the same period of 2025.
• Dividends declared per common share were $0.4560 for the first six months of 2026, up from $0.4384 in the same period of 2025.
• Average number of common shares outstanding increased to 15,883,000 in the second quarter of 2026 from 14,397,000 in 2025, and to 15,165,000 for the first six months of 2026 from 14,389,000 in 2025.
• The press release includes a standard disclaimer regarding forward-looking statements and risks that could cause actual results to differ materially from expectations.