The York Water ( (YORW) ) has released its Q2 earnings. Here is a breakdown of the information The York Water presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The York Water Company, a prominent player in the water utility sector, specializes in providing water and wastewater services to its growing customer base, primarily in Pennsylvania.
The York Water Company has released its financial results for the second quarter and the first half of 2025, showcasing a modest increase in operating revenues but a mixed performance in net income.
For the second quarter of 2025, the company reported operating revenues of $19.2 million, marking an increase of $449,000 from the previous year, driven by customer base growth and the Distribution System Improvement Charge (DSIC). However, net income saw a slight increase of $59,000, with earnings per share remaining unchanged at $0.35. Over the first six months, operating revenues rose by $1.3 million to $37.7 million, but net income decreased by $630,000, reflecting increased operational and maintenance expenses, depreciation, and interest on debt.
The company has been actively investing in infrastructure, with $22.2 million allocated to capital projects in the first half of 2025, including main extensions and software upgrades. It plans to invest an additional $23.8 million in the remainder of the year to ensure a reliable water supply and proper wastewater management.
Looking ahead, The York Water Company remains committed to enhancing its infrastructure and expanding its services to meet the needs of its expanding customer base, while navigating the financial challenges posed by increased operational costs.