The York Water Company Reports 3rd Quarter and Nine Months Earnings
Key Highlights
- ➤Q3 operating revenue $24.333 million, up $3.972 million year over year
- ➤Q3 net income $7.809 million, up $1.608 million year over year
- ➤Nine-month net income $20.238 million, up $5.347 million year over year
- ➤Nine-month EPS $1.30, up $0.27 from the prior-year period
- ➤York Water invested $36.2 million in capital projects through nine months
Expert Statements
JT Hand, President and CEO of The York Water Company
“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).”
YORK, Penn., Nov. 06, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2026.
President Hand reported that third quarter operating revenues of $24,333,000 increased $3,972,000, and net income of $7,809,000 increased $1,608,000 compared to the third quarter of 2025. Basic and Diluted Earnings per share of $0.48 for the three-month period increased $0.05 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.
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