The York Water Company Reports 2nd Quarter and Six Months Earnings

Rhea-AI Summary

York Water Company (NASDAQ:YORW) has released its financial results for Q2 and H1 2025. In Q2, the company reported operating revenues of $19.2 million, up $449,000 from Q2 2024, with net income of $5.1 million, a slight increase of $59,000. Q2 earnings per share remained steady at $0.35.

For H1 2025, while operating revenues increased to $37.7 million (up $1.3 million), net income declined to $8.7 million (down $630,000) compared to H1 2024. The company invested $22.2 million in capital projects during H1 2025 and plans to invest an additional $23.8 million throughout the year for infrastructure improvements and system upgrades.

Positive

• Operating revenues increased by $449,000 in Q2 2025
• Q2 2025 net income grew by $59,000 year-over-year
• Customer base expansion and DSIC revenues drove growth
• Significant capital investment of $22.2M in H1 2025 for infrastructure improvements
• Lower income taxes due to IRS tangible property regulations

Negative

• H1 2025 net income decreased by $630,000 compared to H1 2024
• H1 2025 EPS declined by $0.05 to $0.60
• Higher operation and maintenance expenses
• Increased interest on debt
• Lower allowance for funds used during construction (AFUDC)

YORK, Pa., Aug. 12, 2025 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2025.

President Hand reported that second quarter operating revenues of $19,199,000 increased $449,000 and net income of $5,052,000 increased $59,000 compared to the second quarter of 2024. Basic and Diluted Earnings per share of $0.35 for the three-month period is unchanged compared to the same period last year. Increased revenues were primarily due to growth in the customer base and revenues from the Distribution System Improvement Charge (DSIC). The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure. Income taxes decreased due to higher deductions from the IRS tangible property regulations. The increased revenue and lower income taxes were partially offset by higher operation and maintenance expenses and depreciation, higher interest on debt, and lower allowance for funds used during construction (AFUDC). AFUDC is the cost of debt and equity funds used to finance plant construction.

President Hand also reported that the first six months operating revenues of $37,655,000 increased $1,277,000, but net income of $8,690,000 decreased $630,000 compared to the first six months of 2024. Increased revenues were primarily due to growth in the customer base and revenues from the DSIC. Income taxes decreased due to higher deductions from the IRS tangible property regulations. The increased revenue and lower income taxes were more than offset by higher operation and maintenance expenses and depreciation, higher interest on debt, and lower AFUDC. Basic and Diluted Earnings per share of $0.60 for the six-month period decreased $0.05 compared to the same period last year.

During the first six months of 2025, the Company invested $22.2 million in capital projects for main extensions and an upgrade to the enterprise software system, as well as various replacements and improvements to infrastructure and routine items. The Company estimates it will invest an additional $23.8 million in 2025, excluding acquisitions, for additional main extensions, wastewater treatment plant construction, a continuing upgrade to the enterprise software system, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base.

	Period Ended June 30
	In 000's (except per share)
	Quarter				Six Months
		2025		2024		2025		2024
Operating Revenues	$	19,199	$	18,750	$	37,655	$	36,378
Net Income	$	5,052	$	4,993	$	8,690	$	9,320
Average Number of Common Shares Outstanding		14,397		14,341		14,389		14,333
Basic and Diluted Earnings Per Common Share	$	0.35	$	0.35	$	0.60	$	0.65
Dividends Declared Per Common Share	$	0.2192	$	0.2108	$	0.4384	$	0.4216

This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.

Contact Information:
JT Hand, President & CEO
jth@yorkwater.com
-OR-
Matthew E. Poff, Chief Financial Officer
matthewp@yorkwater.com

717-845-3601

FAQ

What were York Water Company's (YORW) Q2 2025 earnings per share?

York Water Company reported Q2 2025 earnings per share of $0.35, unchanged from the same period last year.

How much revenue did York Water (YORW) generate in Q2 2025?

York Water Company generated operating revenues of $19.2 million in Q2 2025, an increase of $449,000 compared to Q2 2024.

What is York Water's (YORW) capital investment plan for 2025?

York Water plans to invest $23.8 million in 2025 for main extensions, wastewater treatment plant construction, enterprise software system upgrades, and infrastructure improvements.

How did York Water's (YORW) first half 2025 performance compare to 2024?

In H1 2025, operating revenues increased by $1.3M to $37.7 million, but net income decreased by $630,000 to $8.7 million compared to H1 2024.

What is York Water's (YORW) current dividend payment?

York Water declared a dividend of $0.2192 per common share for Q2 2025, up from $0.2108 in Q2 2024.