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 (NASDAQ: YORW) is an investor-owned, regulated water and wastewater utility serving municipalities in south-central Pennsylvania. This news page compiles York Water’s publicly released updates, giving investors and observers a single place to review the company’s reported developments.
York Water regularly issues news releases on its quarterly and annual financial results, detailing operating revenues, net income, earnings per share, and dividends declared per common share. These earnings announcements often explain how rate changes approved by the Pennsylvania Public Utility Commission, the Distribution System Improvement Charge (DSIC), customer growth, and cost factors such as operation and maintenance expenses, depreciation, interest on debt, and allowance for funds used during construction (AFUDC) have affected results.
In addition to earnings, York Water publishes updates on capital investment plans and projects. Recent communications describe spending on main extensions, wastewater treatment plant construction, armoring and replacing the spillway of the Lake Williams dam, water tank replacement, and upgrades to enterprise software systems, as well as acquisitions of water and wastewater systems that expand its service footprint within Adams, Franklin, Lancaster, and York counties.
Visitors to this page can review York Water’s announcements about rate requests filed with the Pennsylvania Public Utility Commission, which link proposed rate changes to specific infrastructure investments and regulatory requirements. The feed may also include governance-related items that appear in company press releases, such as references to Board and leadership developments that are also discussed in SEC filings.
By following this news stream, users can see how York Water describes the relationship between its capital investments, regulatory environment, customer base, and financial performance over time.
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.
The York Water Company (NASDAQ:YORW) reported its third quarter earnings for 2021, showing a revenue increase to $14.5 million, up $246,000 from Q3 2020. Net income rose to $4.8 million, an increase of $90,000. For the first nine months, revenues reached $41.4 million, a $931,000 increase, with net income at $13 million, up $95,000. Basic and diluted EPS remained stable at $0.36 for Q3 and $0.99 year-to-date. The company invested $27.4 million in infrastructure improvements and forecasts an additional $7.6 million this year.
The York Water Company (NASDAQ:YORW) reported its Q2 2021 financial results, showing operating revenues of $13.8 million, up $481,000 year-over-year. Net income reached $4.5 million, an increase of $302,000. EPS rose to $0.35, reflecting a $0.03 gain from the previous year. For the first half of 2021, revenues totaled $26.9 million, up $685,000, while net income was $8.2 million, a slight increase of $5,000. Investments of $16 million were made in infrastructure upgrades. The outlook remains cautious amid rising operational expenses.
The York Water Company (NASDAQ:YORW) reported first-quarter 2021 earnings with operating revenues of $13.08 million, a $204,000 increase year-over-year. However, net income declined by $297,000 to $3.71 million, impacted by a prior-year non-recurring gain. Earnings per share (EPS) decreased to $0.28, down $0.03. The company invested $7.4 million in infrastructure improvements and plans to allocate an additional $26.1 million in 2021. Increased income was offset by higher operation costs, despite growth in customer base and billing services.
The York Water Company (NASDAQ:YORW) reported a strong performance for 2020, with operating revenues of $53.85 million, up $2.27 million from 2019, and net income reaching $16.60 million, an increase of $2.20 million. Earnings per share rose to $1.27, reflecting a 16% increase. The company will invest $36 million in 2021 and $40 million in 2022 for infrastructure improvements. Increased revenues were driven by a previous rate increase and customer growth, although offset by higher operational costs.
The York Water Company (NASDAQ:YORW) has announced a quarterly dividend of $0.1874 per share, marking a 4% increase. The dividend will be paid on January 15, 2021 to shareholders of record as of December 31, 2020. This payment is the 600th consecutive dividend and the 24th consecutive annual increase, solidifying the Company's position as one of the oldest publicly traded entities in the U.S. York Water has maintained this impressive dividend record for over 204 years, showcasing its commitment to shareholder returns and proactive infrastructure investment.
The York Water Company (NASDAQ:YORW) reported third quarter operating revenues of $14,257,000, a rise of $577,000, with net income increasing by $221,000 to $4,704,000. Earnings per share (EPS) also rose to $0.36. For the first nine months, operating revenues reached $40,454,000 (+$1,895,000), with net income growing to $12,888,000 (+$1,875,000) and EPS at $0.99. The growth was driven by increased customer base and per capita consumption, although higher operational expenses partially offset gains. The company plans to invest $12.2 million in infrastructure improvements.