York Water Company (NASDAQ: YORW) earnings and revenue rise in Q2 2026
Rhea-AI Filing Summary
The York Water Company reported increased revenues and earnings for the second quarter and first six months of 2026. Second quarter operating revenues were $23,515,000, up $4,316,000 from 2025, and net income was $7,615,000, up $2,563,000, with basic and diluted earnings per share of $0.49, an increase of $0.14. Revenue growth was driven mainly by a rate increase effective March 1, 2026 and customer growth, partially offset by a reset to zero of the Distribution System Improvement Charge and higher operating, maintenance, depreciation and tax expenses.
For the first six months of 2026, operating revenues were $43,589,000, up $5,934,000, and net income was $12,429,000, up $3,739,000, with earnings per share of $0.82, an increase of $0.22. The company invested $21.1 million in capital projects and $470,000 to acquire two wastewater systems, and plans an additional $26.8 million of 2026 investment, excluding acquisitions, along with dividends declared per share of $0.2280 for the quarter and $0.4560 for the six‑month period.
Positive
- Second quarter 2026 operating revenues rose to $23,515,000 and net income to $7,615,000, with EPS of $0.49, all increasing versus 2025.
- For the first six months of 2026, revenues reached $43,589,000 and net income $12,429,000, with EPS of $0.82, reflecting higher year‑to‑date earnings than in 2025.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q2 2026 Operating Revenues: $23,515,000
Q2 2026 Net Income: $7,615,000
Q2 2026 EPS: $0.49
+5 more
8 metrics
Q2 2026 Operating Revenues
$23,515,000
Second quarter 2026 operating revenues compared to $19,199,000 in 2025
Q2 2026 Net Income
$7,615,000
Second quarter 2026 net income compared to $5,052,000 in 2025
Q2 2026 EPS
$0.49
Basic and diluted earnings per share for the quarter, up from $0.35 in 2025
Six months 2026 Operating Revenues
$43,589,000
Operating revenues for the first six months of 2026 versus $37,655,000 in 2025
Six months 2026 Net Income
$12,429,000
Net income for the first six months of 2026 versus $8,690,000 in 2025
Capital Projects Investment H1 2026
$21.1 million
Invested in main extensions, wastewater plant construction, software upgrade and infrastructure
Planned Additional 2026 Investment
$26.8 million
Estimated additional 2026 spending excluding acquisitions for extensions and system upgrades
Q2 2026 Dividend per Share
$0.2280
Dividends declared per common share for the second quarter of 2026
Key Terms
Distribution System Improvement Charge (DSIC), tangible property regulations, forward-looking statements
3 terms
Distribution System Improvement Charge (DSIC) regulatory
"partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC)"
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.
forward-looking statements regulatory
"This news release may contain forward-looking statements regarding the Company’s operational and financial expectations."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Earnings Snapshot
Q2 2026 operating revenues: $23,515,000
quarter and six months ended June 30, 2026
Q2 2026 operating revenues
$23,515,000
increased $4,316,000 from Q2 2025
Q2 2026 net income
$7,615,000
increased $2,563,000 from Q2 2025
Q2 2026 EPS
$0.49
increased $0.14 from Q2 2025
Six months 2026 operating revenues
$43,589,000
increased $5,934,000 from first six months of 2025
Six months 2026 net income
$12,429,000
increased $3,739,000 from first six months of 2025
Six months 2026 EPS
$0.82
increased $0.22 from first six months of 2025
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What were The York Water Company (YORW) second quarter 2026 results?
The York Water Company reported Q2 2026 operating revenues of $23,515,000 and net income of $7,615,000, with basic and diluted earnings per share of $0.49, each higher than in the second quarter of 2025.
How did York Water (YORW) perform in the first six months of 2026?
For the first six months of 2026, York Water generated operating revenues of $43,589,000 and net income of $12,429,000, with earnings per share of $0.82, all up compared to the first six months of 2025.
What drove York Water’s (YORW) revenue increases in 2026?
Revenue increases were driven primarily by a rate increase effective March 1, 2026 and growth in the customer base, partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC) and higher operating, maintenance, depreciation and tax expenses.
How much did York Water (YORW) invest in capital projects in early 2026?
During the first six months of 2026, York Water invested $21.1 million in capital projects, including main extensions, wastewater treatment plant construction, an enterprise software upgrade, and infrastructure replacements and improvements across its water and wastewater systems.
What acquisitions did York Water (YORW) complete in the first half of 2026?
The company invested $470,000 to acquire two wastewater systems: CMV Sewage Co. in York County and the Pine Run Retirement Community system in Adams County, expanding its wastewater service footprint in Pennsylvania.
What future capital spending does York Water (YORW) anticipate for 2026?
York Water estimates it will invest an additional $26.8 million in 2026, excluding acquisitions, for main extensions, continued enterprise software upgrades, and routine improvements to pipes, service lines and facilities for water and wastewater service.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: August 6, 2026
(Date of earliest event reported)
THE YORK WATER COMPANY
(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction | (Commission | (I.R.S. Employer | |
| of incorporation) | File Number) | Identification No.) | |
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| (Address of principal executive offices) | (Zip Code) | ||
| Registrant's telephone number, including area code ( |
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| | | The |
| (Title of Class) | (Trading Symbol) | (Name of Each Exchange on Which Registered) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§0.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§0.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act. ◻
THE YORK WATER COMPANY
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Item 2.02
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Results of
Operations and Financial Condition.
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On August 6, 2026, The York
Water Company issued a press release announcing its second quarter and first
six months 2026 financial results. The
press release is being furnished with this Current Report on Form 8-K Exhibit
99.1 and is hereby incorporated herein by reference. This report (including the exhibit) shall not
be deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, nor shall it be incorporated by reference in
any filing made by the Registrant pursuant to the Securities Act of 1933, as amended,
other than to the extent that such filing incorporates by reference any or all
of such information by express reference thereto.
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Item 9.01
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Financial
Statements and Exhibits.
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(c)
Exhibits.
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Exhibit No.
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Description of Exhibit
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99.1
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Press Release, August 6, 2026, issued by the York Water Company
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THE YORK WATER COMPANY
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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THE YORK WATER COMPANY
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| /s/ Matthew E. Poff | |
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Date: August 6, 2026
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Matthew E. Poff
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Chief Financial Officer
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EXHIBIT 99.1
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NEWS RELEASE
Contact Information:
JT Hand, President & CEO
jth@yorkwater.com
-OR-
Matthew E. Poff, Chief Financial Officer
matthewp@yorkwater.com
717-845-3601
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130 East Market Street
York, PA 17401 |
FOR IMMEDIATE RELEASE
THE YORK WATER COMPANY REPORTS
2nd QUARTER AND SIX MONTHS EARNINGS
York, Pennsylvania, August
6, 2026: 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 2026.
President Hand reported
that second quarter operating revenues of $23,515,000 increased $4,316,000, and
net income of $7,615,000 increased $2,563,000 compared to the second quarter of
2025. Basic and Diluted Earnings per
share of $0.49 for the three-month period increased $0.14 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. The increased revenue was partially
offset by higher operation and maintenance expenses, depreciation, and income
taxes.
President
Hand also reported that the first six months operating revenues of $43,589,000
increased $5,934,000, and net income of $12,429,000 increased $3,739,000
compared to the first six months of 2025.
Increased revenues were primarily due to increase in rates effective
March 1, 2026 partially offset by a reset to zero of the DSIC. 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. Basic and Diluted Earnings
per share of $0.82 for the six-month period increased $0.22 compared to the
same period last year.
During the first six months of 2026, the Company invested $21.1 million
in capital projects for main
extensions, wastewater treatment plant construction, 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 $26.8 million in 2026, excluding acquisitions, for additional
main extensions, a continuing upgrade to the enterprise software system, and
routine improvements to its pipes, service lines, and other facilities to
ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of
wastewater for the Company’s growing customer base.
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Period Ended June 30
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In 000's (except per share)
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| Quarter | Six Months | |||||||||||||||
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2026
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2025
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2026
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2025
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Operating Revenues
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$ | 23,515 | $ | 19,199 | $ | 43,589 | $ | 37,655 | ||||||||
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Net Income
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$ | 7,615 | $ | 5,052 | $ | 12,429 | $ | 8,690 | ||||||||
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Average Number of
Common Shares Outstanding
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15,883 | 14,397 | 15,165 | 14,389 | ||||||||||||
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Basic and Diluted Earnings
Per Common Share
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$ | 0.49 | $ | 0.35 | $ | 0.82 | $ | 0.60 | ||||||||
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Dividends Declared
Per Common Share
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$ | 0.2280 | $ | 0.2192 | $ | 0.4560 | $ | 0.4384 | ||||||||
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.
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