The York Water(US:YORW) Globenewswire·2026-03-03 14:30Financial Performance - The York Water Company reported 2025 operating revenues of $77,488,000, an increase of $2,529,000 compared to 2024, while net income decreased by $267,000 to $20,058,000 [2] - Basic and diluted earnings per share for 2025 were $1.39, down $0.03 from 2024 [2] - For the fourth quarter of 2025, operating revenues increased by $606,000, and net income rose by $25,000 compared to the fourth quarter of 2024, with earnings per share remaining stable at $0.36 [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), which is a charge allowed by the Pennsylvania Public Utility Commission for infrastructure replacement [2][4] - The company recognized a non-recurring gain on life insurance, contributing to the revenue increase [2][4] Expenses and Costs - Higher operation and maintenance expenses, depreciation, and increased interest on debt offset the revenue gains, leading to a decrease in net income [2][4] - Income taxes decreased due to higher deductions from IRS tangible property regulations [2] Capital Investments - The company invested $48.7 million in capital projects during 2025, focusing on main extensions, software upgrades, and infrastructure improvements [3] - For 2026 and 2027, York Water anticipates investments of approximately $48 million each year for further main extensions, software upgrades, and construction projects to support its growing customer base [5] Operational Metrics - The company replaced approximately 54,100 feet of water main and 1,800 feet of wastewater main in 2025 to enhance distribution and collection systems [3] - The average number of common shares outstanding for 2025 was 14,404, compared to 14,347 in 2024 [6]