The York Water(YORW)

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York Water (YORW) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2025-08-12 20:06
Core Viewpoint - York Water (YORW) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, with a year-over-year comparison showing no change in earnings [1][2] Financial Performance - The company achieved revenues of $19.2 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.05%, compared to $18.75 million in the same quarter last year [2] - Over the last four quarters, York Water has exceeded consensus EPS estimates only once [2] Stock Performance - York Water shares have declined approximately 5.5% since the beginning of the year, while the S&P 500 has gained 8.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $21 million, and for the current fiscal year, it is $1.33 on revenues of $78 million [7] - The trend of estimate revisions for York Water was mixed prior to the earnings release, which may change following the recent report [6] Industry Context - The Utility - Water Supply industry, to which York Water belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
The York Water(YORW) - 2025 Q2 - Quarterly Report
2025-08-12 16:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34245 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 23-1242500 ...
The York Water(YORW) - 2025 Q2 - Quarterly Results
2025-08-12 16:17
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 12, 2025 (Date of earliest event reported) 130 East Market Street, York, Pennsylvania 17401-1219 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (717) 845-3601 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 001-34245 23-124 ...
The York Water Company Reports 2nd Quarter and Six Months Earnings
Globenewswire· 2025-08-12 15:47
Financial Performance - The York Water Company reported second quarter operating revenues of $19,199,000, an increase of $449,000 compared to the second quarter of 2024 [2] - Net income for the second quarter was $5,052,000, up by $59,000 year-over-year [2] - For the first six months of 2025, operating revenues reached $37,655,000, an increase of $1,277,000, while net income decreased to $8,690,000, down by $630,000 compared to the same period in 2024 [3] Earnings Per Share - Basic and diluted earnings per share for the second quarter remained unchanged at $0.35 compared to the same period last year [2] - For the first six months, basic and diluted earnings per share decreased to $0.60, down by $0.05 from the previous year [3] Revenue Drivers - Revenue growth was primarily driven by an increase in the customer base and revenues from the Distribution System Improvement Charge (DSIC) [2][3] - The DSIC is a charge allowed by the Pennsylvania Public Utility Commission for the replacement of aging infrastructure [2] Tax and Expense Factors - Income taxes decreased due to higher deductions from IRS tangible property regulations [2][3] - Increased revenues and lower income taxes were offset by higher operation and maintenance expenses, depreciation, higher interest on debt, and lower allowance for funds used during construction (AFUDC) [2][3] Capital Investments - The company invested $22.2 million in capital projects during the first six months of 2025, focusing on main extensions, software upgrades, and infrastructure improvements [4] - An additional investment of $23.8 million is estimated for 2025, excluding acquisitions, for further infrastructure enhancements [4]
York Water: Significant Upside Potential, Limited Downside Risk
Seeking Alpha· 2025-06-23 04:11
Core Insights - The article discusses potential investment opportunities in YORW, indicating a possible long position within the next 72 hours [1]. Group 1 - The author expresses a personal opinion on the investment landscape without any compensation from the companies mentioned [1]. - There is an emphasis on the necessity for investors to conduct their own due diligence and research prior to making any investment decisions [2]. - The article clarifies that past performance does not guarantee future results, and no specific investment recommendations are provided [3].
The York Water Company Files a Rate Request Based on $145 Million in Investment
Globenewswire· 2025-05-30 14:00
Core Viewpoint - The York Water Company has filed for a general increase in rates for water and wastewater services, citing the need for significant capital investments to maintain and improve infrastructure [1][2]. Summary by Sections Rate Increase Request - The company is requesting a $24.2 million increase in annual revenues, which would result in an additional cost of $14.16 per month for water and $35.85 per month for wastewater services for the typical residential customer [3]. Capital Investments - Since the last rate increase in 2022, the company has made $145 million in capital investments aimed at replacing and upgrading aging infrastructure, including water mains, meters, and treatment facilities [2]. Infrastructure Improvement - The investments are intended to ensure compliance with current regulations, enhance the reliability of services, and expand wastewater treatment capacity to accommodate growing communities [2]. Effective Date and Process - If approved, the rate increase could take effect on August 1, 2025, although the Pennsylvania Public Utility Commission (PUC) may delay this until March 2026 [4]. Customer Base - The York Water Company serves over 212,000 people across 57 municipalities in Adams, Franklin, Lancaster, and York counties [4].
The York Water(YORW) - 2025 Q1 - Quarterly Report
2025-05-06 20:01
Financial Performance - Net income for Q1 2025 was $3,638, a decrease of $689, or 15.9%, from $4,327 in Q1 2024[76] - Operating revenues increased by $828, or 4.7%, from $17,628 in Q1 2024 to $18,456 in Q1 2025, driven by a growth in the customer base[77] - Operating expenses rose by $760, or 6.7%, from $11,413 in Q1 2024 to $12,173 in Q1 2025, primarily due to higher depreciation and maintenance costs[78] - Internally-generated funds from operations in Q1 2025 were $6,005, a decrease from $6,138 in Q1 2024, mainly due to higher interest and income taxes[95] Customer Base and Growth - The average number of water customers served increased by 1,238, from 71,948 in 2024 to 73,186 in 2025[77] - The Company signed agreements to acquire water and wastewater assets, expected to add approximately 485 customers upon completion[86][87][88] Debt and Financing - Interest on debt increased by $296, or 13.9%, from $2,123 in Q1 2024 to $2,419 in Q1 2025, attributed to higher interest rates[79] - Common stockholders' equity as a percent of total capitalization was 52.0% as of March 31, 2025, down from 52.6% as of December 31, 2024[96] - The Company's total long-term debt as a percentage of total capitalization was 48.0% as of March 31, 2025, compared to 47.4% as of December 31, 2024[101] - The Company maintained an unsecured line of credit of $50,000 with $21,843 in borrowings as of March 31, 2025, at an interest rate of 5.49%[98] - The Company has established a committed line of credit with a 2-year revolving maturity to manage the risk of reduced credit availability[99] Taxation - The effective tax rate for Q1 2025 was 11.5%, down from 12.2% in Q1 2024, with expectations for a lower rate for the remainder of the year[82] - The Company's effective tax rate will be influenced by income before income taxes and the level of eligible asset improvements expensed for tax purposes[103] - The Company has a substantial deferred income tax asset primarily due to accelerated depreciation from the Tax Cuts and Jobs Act of 2017[104] Future Expectations and Plans - The Company expects construction expenditures for the remainder of 2025 to be approximately $36,700, excluding any potential acquisitions[91] - The Company plans to file a rate increase request in 2025[85] - The Company expects to replace up to 400 lead customer-owned service lines at an estimated cost of $2,100, with costs recorded as a regulatory asset[113] External Factors - Pennsylvania state officials maintained a drought watch on April 2, 2025, calling for a voluntary reduction in nonessential water use of 5 to 10 percent, which could impact future revenues[114] Credit Rating - Standard & Poor's affirmed the Company's credit rating at A- with a stable outlook on August 6, 2024[107] Off-Balance Sheet Transactions - The Company does not engage in off-balance sheet transactions that may materially affect its financial condition[116]
York Water (YORW) Lags Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-06 15:45
Company Performance - York Water reported quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.30 per share a year ago, representing an earnings surprise of -24.24% [1] - The company posted revenues of $18.46 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.86%, compared to year-ago revenues of $17.63 million [2] - Over the last four quarters, York Water has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Performance - York Water shares have increased by approximately 5.7% since the beginning of the year, contrasting with the S&P 500's decline of -3.9% [3] - The current consensus EPS estimate for the coming quarter is $0.36 on $19 million in revenues, and for the current fiscal year, it is $1.48 on $79 million in revenues [7] Industry Outlook - The Utility - Water Supply industry, to which York Water belongs, is currently in the top 19% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]
The York Water(YORW) - 2025 Q1 - Quarterly Results
2025-05-06 13:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Pennsylvania 001-34245 23-1242500 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) Date of Report: May 6, 2025 (Date of earliest event reported) 130 East Market Street, York, Pennsylvania 17401-1219 (Address ...
The York Water Company Reports Three Months Earnings
Globenewswire· 2025-05-06 13:30
YORK, Pa., May 06, 2025 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2025. President Hand reported that first quarter operating revenues of $18,456,000 increased $828,000, but net income of $3,638,000 decreased $689,000 compared to the first quarter of 2024. Basic and Diluted Earnings per share of $0.25 for the three-month period decreased $0.05 compared to the same period last year. Increased revenues were ...