York Water Stock Price, News & Analysis

The York Water Company (Nasdaq: YORW) announced a rate increase approved by the Pennsylvania Public Utility Commission on January 12, 2023, aimed at recovering costs from a $176 million investment in water and wastewater infrastructure improvements. This rate adjustment will impact approximately 75,000 customers in York, Adams, and Franklin Counties, resulting in a $6.57 increase in the average monthly water bill. Additionally, the rates will enable a total annual revenue increase of around $13.5 million, effective March 1, 2023.

The York Water Company (NASDAQ:YORW) reported strong financial results for Q3 and the first nine months of 2022. Q3 operating revenues reached $15.81 million, up $1.31 million year-over-year, with net income of $5.68 million increasing by $887,000. Basic earnings per share rose to $0.40. For the nine-month period, revenues reached $44.95 million, up $3.57 million, with net income of $14.57 million. The company invested $34.1 million in construction and improvements, indicating a commitment to enhancing its infrastructure.

The York Water Company (NASDAQ:YORW) reported an increase in second-quarter operating revenues to $14.9 million, a rise of $1.098 million from 2021. Net income also increased to $5.029 million, up by $545,000.

For the first half of 2022, operating revenues reached $29.139 million, a $2.257 million year-on-year increase, with net income at $8.888 million, reflecting a $699,000 rise. Basic and diluted EPS for Q2 was $0.36, and for H1 was $0.65. The company is focusing on infrastructure improvements, planning additional investments of $26 million this year.

The York Water Company (NASDAQ:YORW) has requested an $18.8 million increase in annual water revenues and a $1.5 million increase for wastewater, as filed with the Pennsylvania Public Utility Commission on May 27, 2022. This increase stems from approximately $176 million in capital investments made since its last rate filing in 2018, aimed at enhancing utility system resiliency and reliability. Improvements include rehabilitating the Lake Williams Dam, replacing aging infrastructure, and constructing a new wastewater treatment plant.

The York Water Company (NASDAQ:YORW) reported strong financial results for Q1 2022, with operating revenues increasing by $1,159,000 to $14,240,000 and net income rising by $154,000 to $3,859,000 compared to Q1 2021. Basic and diluted earnings per share reached $0.29, up from $0.28 in the previous year. Revenue growth stems from an expanded customer base and the Distribution System Improvement Charge for infrastructure upgrades. However, this increase was partially offset by higher operation, maintenance expenses, and depreciation costs.

The York Water Company (NASDAQ: YORW) announced the completion of its public offering, raising approximately $44 million. The offering included the underwriter’s full option to purchase an additional 146,340 shares, priced at $41 each. York Water plans to utilize the net proceeds for general corporate purposes, such as capital investments, debt repayment, and potential acquisitions. The offering was managed by Janney Montgomery Scott, and a prospectus supplement has been filed with the SEC.

The York Water Company (NASDAQ: YORW) has successfully closed a public offering of 975,600 shares of its common stock at $41 per share, raising approximately $38.2 million net after expenses.

The funds will be used for general corporate purposes, including capital investments, debt repayment, and potential acquisitions. Janney Montgomery Scott serves as the sole book-running manager for this offering, with details available in the filed prospectus supplement.

York Water Company (NASDAQ: YORW) has priced an underwritten public offering of 975,600 shares of common stock at $41 per share, aiming for gross proceeds of approximately $40 million. The funds will be used for general corporate purposes, including a capital investment program, debt repayment, and potential acquisitions. Additionally, underwriters have a 30-day option to purchase 146,340 additional shares at the same price. The offering is made under an effective SEC registration statement.

The York Water Company (NASDAQ: YORW) announced a proposed public offering of 825,000 shares of its common stock, with an option for underwriters to purchase an additional 123,750 shares. The net proceeds from this offering will be directed towards general corporate purposes, including capital investments, debt repayment, and potential acquisitions. The offering is subject to market conditions and is registered under SEC Form S-3. Janney Montgomery Scott is the sole book-running manager for the offering.