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 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.
The York Water Company (NASDAQ:YORW) reported a 2.1% increase in second quarter operating revenues to $13.32 million and a net income rise of 11.1% to $4.18 million compared to Q2 2019. Earnings per share rose to $0.32, reflecting a $0.04 increase. For the first half of 2020, operating revenues reached $26.20 million, up 5.3% year-over-year. The company invested $9 million in infrastructure improvements and plans an additional $12.6 million for 2020 projects, indicating strong financial management despite rising operational costs.