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.
The York Water Company reports operating and financial developments for a regulated water and wastewater utility serving franchised territory in south-central Pennsylvania. Company updates commonly address operating revenue, net income, customer growth, common-share dividends, rate activity and the Distribution System Improvement Charge, a Pennsylvania Public Utility Commission mechanism tied to aging infrastructure replacement.
York Water news also covers capital investment in water mains, wastewater collection systems, treatment assets and utility infrastructure, along with financing actions such as common stock offerings used for corporate purposes, capital programs and debt repayment. Updates frame results around operating and maintenance expense, depreciation, interest on debt, income-tax effects and allowance for funds used during construction.
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.
The York Water Company (NASDAQ:YORW) reported its 2021 financial results, showcasing operating revenues of $55,119,000, an increase of $1,267,000 over 2020. Net income reached $16,984,000, up by $386,000. Basic and diluted earnings per share rose to $1.30, a $0.03 increase. The company plans investments of $44 million in 2022 and $50 million in 2023 to enhance infrastructure and customer service. Factors like increased operating expenses partially offset revenue growth.
The York Water Company (NASDAQ: YORW) announced a quarterly dividend of $0.1949 per share, marking a 4% increase. This dividend will be payable on January 14, 2022, to shareholders on record as of December 31, 2021. The company has maintained a record of 604 consecutive dividend payments over its 200-year history, demonstrating a strong commitment to its investors and infrastructure investments. This achievement highlights the company's reputation as the oldest publicly traded company in the U.S.