Welcome to our dedicated page for York Water news (Ticker: YORW), a resource for investors and traders seeking the latest updates and insights on York Water stock.
York Water Company (YORW), America's oldest investor-owned water utility, provides essential water purification and wastewater services to south-central Pennsylvania communities. This page serves as a comprehensive resource for stakeholders tracking the company's operational developments, financial performance, and regulatory compliance.
Access timely updates including quarterly earnings reports, infrastructure investment announcements, and water quality initiatives. Investors will find press releases detailing dividend declarations and capital improvement projects, while municipalities can monitor service area expansions and treatment system upgrades.
All content undergoes strict verification to ensure accuracy, with updates covering operational milestones, environmental stewardship efforts, and compliance with Pennsylvania's public utility regulations. Bookmark this page for direct access to York Water's official communications and third-party analyses of its unique position in the regulated utility sector.
York Water Company (NASDAQ:YORW) reported mixed financial results for 2024. Operating revenues increased by $3,928,000 to $74,959,000, while net income decreased by $3,432,000 to $20,325,000 compared to 2023. Earnings per share declined by $0.24 to $1.42, though dividends per share increased by 4%.
Revenue growth was driven by rate increases effective March 1, 2023, Distribution System Improvement charge (DSIC), and customer base expansion. However, higher operation and maintenance expenses, depreciation, interest on debt, and lower AFUDC offset these gains.
The company invested $48.2 million in infrastructure improvements, including Lake Williams dam upgrades and wastewater treatment plant construction. Additionally, $783,000 was spent acquiring four water and two wastewater systems. York Water plans to invest approximately $46.0 million in 2025 and $48.5 million in 2026 for further infrastructure improvements.
York Water Company (NASDAQ:YORW) reported mixed Q3 2024 results. Operating revenues increased by $948,000 to $19.7 million, driven by Distribution System Improvement charge and customer base growth. However, net income decreased by $1.7 million to $5.9 million. EPS fell to $0.41, down $0.12 year-over-year. For the nine-month period, revenues rose by $3.2 million to $56.1 million, while net income declined by $2.6 million to $15.2 million. The company invested $33 million in capital projects and $264,000 in acquisitions, expanding its service to 57 municipalities across four counties in Pennsylvania.
The York Water Company (NASDAQ:YORW) reported its financial results for Q2 and H1 2024. Q2 operating revenues decreased slightly to $18,750,000, while net income fell to $4,993,000. Basic and Diluted EPS for Q2 decreased by $0.10 to $0.35. The decline in net income was primarily due to higher expenses and lower AFUDC.
For H1 2024, operating revenues increased to $36,378,000, but net income decreased to $9,320,000. Basic and Diluted EPS for H1 fell by $0.06 to $0.65. The company invested $20.9 million in capital projects during H1 and plans to invest an additional $21.3 million in 2024 for infrastructure improvements and expansion.
The York Water Company reported strong financial results for the first quarter of 2024, with operating revenues increasing to $17,628,000 and net income rising to $4,327,000 compared to the same period in 2023. President JT Hand highlighted the revenue growth due to rate increases and an expanding customer base, offset by higher expenses. The Company also made significant investments in infrastructure improvements and completed strategic acquisitions, positioning itself for future growth.
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