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The York Water Company Reports Three Months Earnings

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]