The York Water(YORW)

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The York Water(YORW) - 2021 Q3 - Quarterly Report
2021-11-05 14:03
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 September 30, 2021 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- ...
The York Water(YORW) - 2021 Q2 - Quarterly Report
2021-08-05 14:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission file number 001-34245 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) graphic Pennsylvania 23-1242500 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 130 East Market Street, York, Pennsylvania 17401 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (717) 845-3601 Securitie ...
The York Water(YORW) - 2021 Q1 - Quarterly Report
2021-05-04 13:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 THE YORK WATER COMPANY (Mark One) ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 (Exact name of registrant as specified in its charter) OR PENNSYLVANIA 23-1242500 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 (State or ...
The York Water(YORW) - 2020 Q4 - Annual Report
2021-03-09 16:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 (Sta ...
The York Water(YORW) - 2020 Q3 - Quarterly Report
2020-11-06 15:12
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 September 30, 2020 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 23-12 ...
The York Water(YORW) - 2020 Q2 - Quarterly Report
2020-08-06 14:05
Financial Performance - Net income for Q2 2020 was $4,182, an increase of $465, or 12.5%, from $3,717 in Q2 2019[81] - Operating revenues for Q2 2020 increased by $272, or 2.1%, to $13,320 from $13,048 in Q2 2019, driven by changes in consumption patterns and an increase in residential demand[82] - Net income for the first six months of 2020 was $8,184, an increase of $1,654, or 25.3%, from $6,530 in the same period of 2019[86] - Operating revenues for the first six months of 2020 increased by $1,318, or 5.3%, to $26,197 from $24,879 in the same period of 2019, influenced by changes in consumption patterns and a rate increase[87] - Income taxes for the first six months of 2020 decreased by $188 million, or 13.8%, compared to the same period of 2019, with an effective tax rate of 12.6%[93] Operating Expenses - Operating expenses for Q2 2020 rose by $53, or 0.8%, to $7,027 from $6,974 in Q2 2019, primarily due to higher depreciation and wastewater treatment expenses[83] - Operating expenses for the first six months of 2020 rose by $769, or 5.7%, to $14,288 from $13,519 in the same period of 2019, mainly due to higher depreciation and wastewater treatment costs[88] Debt and Interest - Interest on debt decreased by $140, or 10.8%, to $1,156 in Q2 2020 from $1,296 in Q2 2019, attributed to lower interest on long-term debt[84] - Interest on debt for the first six months of 2020 decreased by $272, or 10.4%, to $2,351 from $2,623 in the same period of 2019, due to refinancing of various debt issues[89] - As of June 30, 2020, the Company had $9,626 million borrowed on its lines of credit, with a weighted average interest rate of 1.51%[107] - The Company's total long-term debt as a percentage of total capitalization was 43.3% as of June 30, 2020, expected to trend upward towards 50%[112] Customer Growth - The average number of water customers served increased by 577, from 68,213 in 2019 to 68,790 in 2020, while wastewater customers increased by 731, from 2,297 to 3,028 due to acquisitions[82] - The Company signed agreements to acquire wastewater and water assets, expected to add approximately 90 wastewater customers and 60 water customers in 2020[96] - The Company expects modest revenue growth for the remainder of the year due to higher summer demand and an increase in the number of customers from acquisitions[87] Construction and Investment - The Company invested $8,986 million in construction expenditures for the six months ended June 30, 2020, and anticipates approximately $12,600 million for the remainder of 2020[102][103] - Allowance for funds used during construction increased by $59, from $156 million in the first six months of 2019 to $215 million in the corresponding 2020 period[90] Non-Recurring Items - A non-recurring gain on life insurance of $515 million was recorded in the first six months of 2020, with no similar gains anticipated[91] Internal Funds Generation - The Company generated $9,747 million in internally-generated funds during the first six months of 2020, compared to $8,570 million in the same period of 2019[106] Union and Contracts - The current union contract expired on April 30, 2020, and both management and union leadership are negotiating in good faith to reach a responsible agreement[127] Accounting and Financial Practices - The Company does not engage in off-balance sheet transactions that could materially affect its financial condition or results of operations[129] - There has been no significant change in the Company's critical accounting estimates during the quarter ended June 30, 2020[128] Lead Service Line Replacement - The Company incurred costs of approximately $2,723 and $2,713 for replacing known company-owned lead service lines as of June 30, 2020, and December 31, 2019, respectively[125] - The estimated cost for replacing lead customer-owned service lines is approximately $1,300, with recorded costs of $1,113 and $1,000 through June 30, 2020, and December 31, 2019, respectively[126] - The Company has replaced all known company-owned lead service lines as of June 30, 2020, with no material impact expected from any additional discoveries[125] Credit Rating - Standard & Poor's affirmed the Company's credit rating at A- with a stable outlook on April 9, 2020[119]
The York Water(YORW) - 2020 Q1 - Quarterly Report
2020-05-05 15:34
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 March 31, 2020 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) - 2019 Q4 - Annual Report
2020-03-10 18:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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) (State or other jurisdiction ...
The York Water(YORW) - 2019 Q3 - Quarterly Report
2019-11-07 15:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission file number 001-34245 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-1242500 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted ...
The York Water(YORW) - 2019 Q2 - Quarterly Report
2019-08-02 14:59
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, 2019 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-1242500 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 130 EAST MARKET STREET, YORK, PENNSYLVANIA 17401 (Address of principal executive of ...