The York Water Company Reports Three Months Earnings

The York Water Company (NASDAQ:YORW) reported first-quarter 2026 results: operating revenues $20,074,000 and net income $4,814,000.

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).

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

Argus May 5 session

-0.10% close to close Open Argus

Details

News Market Reaction – YORW

On May 5, the day this news came out, YORW closed 0.10% below the previous close.

Data tracked by StockTitan Argus for the May 5 session.

Key Figures

Q1 2026 Operating Revenues: $20,074,000 Q1 2026 Net Income: $4,814,000 Q1 2026 EPS: $0.33 +5 more

Q1 2026 Operating Revenues

$20,074,000

Three months ended March 31, 2026

Q1 2026 Net Income

$4,814,000

Three months ended March 31, 2026

Q1 2026 EPS

$0.33

Basic and diluted earnings per share, Q1 2026

Q1 2026 Dividend

$0.2280

Dividends declared per common share, Q1 2026

Q1 2026 Capital Projects

$9.8 million

Invested in main extensions, software upgrade, infrastructure

2026 Planned Investment

$38.1 million

Estimated additional 2026 investment excluding acquisitions

Wastewater Acquisitions

$470,000

Two wastewater systems including CMV Sewage Co. and Pine Run

Market Cap

$472,187,674

Pre-earnings market value

Historical Context

5 past events · Latest: Apr 22

5 events

1. Apr 22

   Offering closed

   24h Move

   +2.0%

   Closed equity offering including full underwriter option, raising about $47.7M.

2. Apr 17

   Offering closed

   24h Move

   -0.3%

   Closed common stock offering at $28.50 per share for $41.4M net.

3. Apr 16

   Offering priced

   24h Move

   -2.2%

   Priced 1,521,739-share public offering with 30-day option for 228,261 more.

4. Apr 15

   Offering proposed

   24h Move

   -2.2%

   Announced proposed common stock offering under an effective Form S-3 shelf.

5. Mar 03

   Annual results

   24h Move

   +0.5%

   Reported 2025 revenue growth but slightly lower net income and EPS vs 2024.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

distribution system improvement charge, tangible property regulations

2 terms

distribution system improvement charge regulatory

"partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC)."

A distribution system improvement charge is a regulated surcharge utilities add to customer bills to recover costs for upgrading local power lines, poles, transformers and other delivery equipment. It matters to investors because it speeds up cost recovery and stabilizes a utility’s cash flow and earnings between full rate reviews—like allowing a homeowner to add a small, ongoing fee to pay for immediate repairs instead of waiting to save up for a big bill.

tangible property regulations regulatory

"Income taxes decreased due to higher deductions from the IRS tangible property regulations."

Rules that determine how physical assets—like buildings, machinery, equipment, and inventory—must be treated for accounting and tax purposes, including what costs can be deducted immediately versus added to an asset’s value and depreciated over time. Investors care because these rules affect a company’s reported profits, tax bills, and cash flow: like deciding whether a house repair is an everyday fix or a major renovation, the classification changes short‑term expenses and long‑term asset values.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 $20,074,000 increased $1,618,000, and net income of $4,814,000 increased $1,176,000 compared to the first quarter of 2025. Basic and Diluted Earnings per share of $0.33 for the three-month period increased $0.08 compared to the same period last year. Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of 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. Growth in the customer base also added to revenues. 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, depreciation, and interest on debt.

During the first three months of 2026, the Company invested $9.8 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. In addition, the Company invested $470,000 in the acquisition of two wastewater systems, including the CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County. The Company estimates it will invest an additional $38.1 million in 2026, excluding acquisitions, for additional main extensions, 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.

	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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were York Water (YORW) Q1 2026 revenues and net income?

Operating revenues were $20,074,000 and net income was $4,814,000. According to the company, revenues rose from $18.456M in Q1 2025 and net income increased by $1.176M year‑over‑year.

How much did YORW report in Q1 2026 earnings per share (EPS)?

Basic and diluted EPS for Q1 2026 were $0.33. According to the company, EPS increased by $0.08 compared to the same quarter in 2025, reflecting higher revenues and lower income taxes.

What capital spending did York Water disclose for Q1 2026 and 2026 guidance?

The company invested $9.8M in Q1 2026 and acquired wastewater systems for $470,000. According to the company, it estimates an additional $38.1M of 2026 capital spending excluding acquisitions.

Why did York Water's revenues change in Q1 2026?

Revenues increased due to a rate increase effective March 1, 2026 and customer growth. According to the company, the impact was partially offset by a reset to zero of the DSIC charge.

Did York Water cite any tax or expense effects in Q1 2026 results?

Yes. According to the company, income taxes decreased because of IRS tangible property deductions, while higher operation and maintenance, depreciation, and interest expenses reduced net margin.

What acquisitions did YORW complete in Q1 2026?

York Water acquired two wastewater systems, including CMV Sewage Co. and Pine Run Retirement Community, for a total of $470,000. According to the company, these were completed during Q1 2026.