Financial 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]

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]

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]