[FORM 8-K Filing Information](index=1&type=section&id=FORM%208-K%20Filing%20Information) This section provides essential details regarding the Form 8-K filing, including registrant information and filing specifics [Registrant Information](index=1&type=section&id=Registrant%20Information) This section details The York Water Company as the registrant, including its incorporation jurisdiction and principal executive offices - Registrant: The York Water Company, incorporated in Pennsylvania[2](index=2&type=chunk) - Principal Executive Offices: 130 East Market Street, York, Pennsylvania 17401-1219[2](index=2&type=chunk) [Filing Details](index=1&type=section&id=Filing%20Details) This section outlines the Form 8-K filing date, relevant Securities Exchange Act sections, and registered securities information - Date of Report: August 12, 2025[2](index=2&type=chunk) Securities Registered | Title of Class | Trading Symbol | Name of Each Exchange on Which Registered | | :--------------- | :------------- | :---------------------------------------- | | COMMON STOCK, NO PAR VALUE | YORW | The Nasdaq Global Select Market | - The registrant is not an emerging growth company[3](index=3&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section addresses the announcement of the company's financial results for the second quarter and first six months of 2025 [Announcement of Financial Results](index=2&type=section&id=Announcement%20of%20Financial%20Results) The York Water Company announced its Q2 and first six months 2025 financial results via a press release furnished as Exhibit 99.1 - The York Water Company issued a press release on August 12, 2025, announcing its second quarter and first six months 2025 financial results[5](index=5&type=chunk) - The press release is furnished as Exhibit 99.1 with this Current Report on Form 8-K[5](index=5&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section provides a comprehensive list of financial statements and exhibits accompanying the Form 8-K filing [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) This section enumerates the exhibits included with the Form 8-K filing, specifically detailing the financial results press release Exhibits | Exhibit No. | Description of Exhibit | | :------------ | :--------------------------------- | | 99.1 | Press Release, August 12, 2025, issued by The York Water Company | [SIGNATURES](index=3&type=section&id=SIGNATURES) This section contains the official authorization and signatory details for the Form 8-K report [Authorization and Signatory](index=3&type=section&id=Authorization%20and%20Signatory) The report is officially signed by Matthew E. Poff, Chief Financial Officer of The York Water Company, on August 12, 2025 - The report was signed by Matthew E. Poff, Chief Financial Officer, on August 12, 2025[10](index=10&type=chunk)

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]

This is the only U.S.-listed public company that's been paying a consecutive dividend for more than 200 years -- and you've probably never heard of it. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there are a lot of ways to grow your wealth on Wall Street. Though there isn't a one-size-fits-all blueprint, buying and holding high-quality dividend stocks has often been a strategy that leads to significant wealth creation. Companies that pay a regular dividend to ...

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].

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].

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]

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]

[FORM 8-K Filing Information](index=1&type=section&id=FORM%208-K%20Filing%20Information) This section provides essential details about The York Water Company's Form 8-K filing, including registrant information, filing date, and securities details [Registrant and Filing Details](index=1&type=section&id=Registrant%20and%20Filing%20Details) This section identifies The York Water Company as the registrant and specifies the filing date of the current report on Form 8-K as May 6, 2025 - Registrant: The York Water Company[2](index=2&type=chunk) - Date of Report: May 6, 2025[2](index=2&type=chunk) [Securities Information](index=1&type=section&id=Securities%20Information) Details the registrant's common stock, including its trading symbol and the exchange on which it is registered Securities Listing | Title of Class | Trading Symbol | Name of Each Exchange on Which Registered | | :--- | :--- | :--- | | COMMON STOCK, NO PAR VALUE | YORW | The Nasdaq Global Select Market | [Current Report Items](index=2&type=section&id=Current%20Report%20Items) This section details the company's first-quarter 2025 financial results announcement and lists the accompanying exhibits [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) The York Water Company announced its first-quarter 2025 financial results through a press release issued on May 6, 2025, which is furnished as Exhibit 99.1 to this Form 8-K - The York Water Company issued a press release on May 6, 2025, announcing its first quarter 2025 financial results[5](index=5&type=chunk) - The press release is furnished as Exhibit 99.1 with this Current Report on Form 8-K[5](index=5&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K, specifically identifying the press release regarding the first-quarter 2025 financial results as Exhibit 99.1 Exhibits Filed | Exhibit No. | Description of Exhibit | | :--- | :--- | | 99.1 | Press Release, May 6, 2025, issued by the York Water Company | [SIGNATURES](index=3&type=section&id=SIGNATURES) This section confirms the formal signing of the report by the Chief Financial Officer of The York Water Company [Report Signatures](index=3&type=section&id=Report%20Signatures) The report is formally signed on behalf of The York Water Company by Matthew E. Poff, its Chief Financial Officer, on May 6, 2025 - The report was signed by Matthew E. Poff, Chief Financial Officer[10](index=10&type=chunk) - Signature Date: May 6, 2025[10](index=10&type=chunk)

Financial Performance - The York Water Company reported first quarter operating revenues of $18,456,000, an increase of $828,000 compared to the same period in 2024 [2] - Net income for the first quarter was $3,638,000, a decrease of $689,000 from the previous year [2] - Basic and diluted earnings per share were $0.25, down $0.05 from $0.30 in the first quarter of 2024 [2][4] Revenue Drivers - The increase in revenues was primarily attributed to growth in the customer base and revenues from the Distribution System Improvement Charge (DSIC) [2] - The DSIC is a charge allowed by the Pennsylvania Public Utility Commission for the replacement of aging infrastructure [2] Cost Factors - The company experienced lower pension costs, but this was offset by a lower allowance for funds used during construction (AFUDC) and higher operation and maintenance expenses, depreciation, and interest on debt [2] - AFUDC represents the cost of debt and equity funds used to finance plant construction [2] Capital Investments - In the first three months of 2025, the company invested $9.3 million in capital projects, including main extensions and upgrades to the enterprise software system [3] - The company plans to invest an additional $36.7 million in 2025 for further main extensions, wastewater treatment plant construction, and routine improvements to infrastructure [3] Shareholder Returns - Dividends declared per common share increased to $0.2192 from $0.2108 in the previous year [4]

Company Overview - York Water (YORW) is a utilities company headquartered in York, with a year-to-date price change of 2.57% [3] - The company currently pays a dividend of $0.44 per share, resulting in a dividend yield of 2.61%, which is slightly below the Utility - Water Supply industry's yield of 2.65% and significantly above the S&P 500's yield of 1.57% [3] Dividend Performance - The annualized dividend of York Water is $0.88, reflecting a 3.3% increase from the previous year [4] - Over the past five years, the company has increased its dividend five times, achieving an average annual increase of 4.03% [4] - The current payout ratio is 57%, indicating that the company distributes 57% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for York Water's earnings per share for 2025 is $1.53, representing a year-over-year growth rate of 7.75% [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits and reduce overall portfolio risk [6] - Larger, established companies are more likely to offer dividends compared to tech start-ups or high-growth businesses [7] - York Water is positioned as a compelling investment opportunity due to its strong dividend profile and a Zacks Rank of 3 (Hold) [7]