The York Water Company Reports Three Months Earnings
Rhea-AI Summary
The York Water Company (NASDAQ:YORW) reported first-quarter 2026 results: operating revenues $20,074,000 and net income $4,814,000. Net income rose $1,176,000 versus Q1 2025; basic and diluted EPS was $0.33, up $0.08 year‑over‑year.
Drivers included a March 1, 2026 rate increase, customer growth, lower income taxes from IRS tangible property deductions, and higher operating costs, depreciation, and interest. Q1 capital investment totaled $9.8M, plus $470,000 for two wastewater system acquisitions; company estimates an additional $38.1M of 2026 capital spending (ex-acquisitions).
AI-generated analysis. Not financial advice.
Positive
- Net income increased by $1.176M versus Q1 2025
- Basic and diluted EPS rose to $0.33 (+$0.08)
- Company invested $9.8M in Q1 capital projects
- Completed $470,000 acquisition of two wastewater systems
- Estimated additional $38.1M 2026 capital investment (ex-acquisitions)
Negative
- Operating revenues rose ~8.8% but below a >10% material threshold
- Higher operation and maintenance expenses reduced incremental profit
- Increased depreciation and interest expense partially offset gains
- Distribution System Improvement Charge (DSIC) reset to zero, limiting revenue recovery
News Market Reaction – YORW
On the day this news was published, YORW declined 0.10%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While YORW was flat to slightly lower pre-release (-0.03%), peers like CWCO and CDZI appeared in momentum scans, each up over 3%, indicating stock-specific rather than broad sector movement.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 22 | Offering closed | Negative | +2.0% | Closed equity offering including full underwriter option, raising about $47.7M. |
| Apr 17 | Offering closed | Negative | -0.3% | Closed common stock offering at $28.50 per share for $41.4M net. |
| Apr 16 | Offering priced | Negative | -2.2% | Priced 1,521,739-share public offering with 30-day option for 228,261 more. |
| Apr 15 | Offering proposed | Negative | -2.2% | Announced proposed common stock offering under an effective Form S-3 shelf. |
| Mar 03 | Annual results | Neutral | +0.5% | Reported 2025 revenue growth but slightly lower net income and EPS vs 2024. |
Recent capital-raising offerings drew mixed to negative short-term reactions, while core operating results have seen modestly positive or muted responses.
Over the last few months, The York Water Company combined capital markets activity with steady operating updates. In April 2026 it announced and then closed a common stock offering at $28.50, with net proceeds around $41–47.7 million earmarked for capital investment, debt repayment, and acquisitions. A March 2026 release reported 2025 revenues of $77.488 million with slightly lower net income and EPS versus 2024. Today’s Q1 2026 earnings, showing higher revenues, net income, and EPS, follow this pattern of funding infrastructure growth while gradually expanding the earnings base.
Regulatory & Risk Context
An active Form S-3 filed on 2025-11-10 registers 366,689 shares for the dividend reinvestment and direct stock purchase plan, including 125,000 new and 241,689 previously registered shares. The plan allows up to a 5% discount on reinvested dividends and has seen multiple 424B usages, indicating ongoing use as a capital access tool.
Market Pulse Summary
This announcement reports Q1 2026 operating revenues of $20.074M, net income of $4.814M, and EPS of $0.33, all higher than the prior year’s quarter, supported by rate increases and customer growth. Management also highlights $9.8M in capital projects and plans for another $38.1M investment in 2026, plus wastewater acquisitions. Investors may monitor how these investments translate into future earnings, especially following recent equity offerings and the ongoing use of an S-3 dividend reinvestment plan.
Key Terms
distribution system improvement charge regulatory
tangible property regulations regulatory
AI-generated analysis. Not financial advice.
YORK, Pa., May 05, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2026.
President Hand reported that first quarter operating revenues of
During the first three months of 2026, the Company invested
| Three Months Ended March 31 In 000's (except per share) | |||||
| 2026 | 2025 | ||||
| Operating Revenues | $ | 20,074 | $ | 18,456 | |
| Net Income | $ | 4,814 | $ | 3,638 | |
| Average Number of Common Shares Outstanding | 14,438 | 14,381 | |||
| Basic and Diluted Earnings per Common Share | $ | 0.33 | $ | 0.25 | |
| Dividends Declared Per Common Share | $ | 0.2280 | $ | 0.2192 | |
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