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The York Water Company Reports 2nd Quarter and Six Months Earnings

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York Water Company (NASDAQ:YORW) has released its financial results for Q2 and H1 2025. In Q2, the company reported operating revenues of $19.2 million, up $449,000 from Q2 2024, with net income of $5.1 million, a slight increase of $59,000. Q2 earnings per share remained steady at $0.35.

For H1 2025, while operating revenues increased to $37.7 million (up $1.3 million), net income declined to $8.7 million (down $630,000) compared to H1 2024. The company invested $22.2 million in capital projects during H1 2025 and plans to invest an additional $23.8 million throughout the year for infrastructure improvements and system upgrades.

York Water Company (NASDAQ:YORW) ha pubblicato i risultati finanziari del Q2 e del primo semestre 2025. Nel Q2 la società ha registrato ricavi operativi per $19.2 million, in aumento di $449.000 rispetto al Q2 2024, con un utile netto di $5.1 million, un lieve incremento di $59.000. L'utile per azione del Q2 è rimasto stabile a $0.35.

Nel primo semestre 2025, sebbene i ricavi operativi siano saliti a $37.7 million (più $1.3 million), l'utile netto è sceso a $8.7 million (meno $630.000) rispetto al primo semestre 2024. La società ha investito $22.2 million in progetti di capitale durante il primo semestre 2025 e prevede di investire altri $23.8 million nel corso dell'anno per migliorare le infrastrutture e aggiornare il sistema.

York Water Company (NASDAQ:YORW) publicó sus resultados financieros del Q2 y del primer semestre de 2025. En el Q2, la compañía reportó ingresos operativos de $19.2 million, un aumento de $449,000 respecto al Q2 de 2024, con un ingreso neto de $5.1 million, un leve incremento de $59,000. Las ganancias por acción del Q2 se mantuvieron estables en $0.35.

En el primer semestre de 2025, aunque los ingresos operativos aumentaron a $37.7 million (subieron $1.3 million), el ingreso neto disminuyó a $8.7 million (bajó $630,000) en comparación con el primer semestre de 2024. La compañía invirtió $22.2 million en proyectos de capital durante el primer semestre de 2025 y planea invertir otros $23.8 million a lo largo del año para mejoras de infraestructura y actualizaciones del sistema.

York Water Company (NASDAQ:YORW)가 2025� 2분기(Q2) � 상반�(H1) 실적� 발표했습니다. 2분기� 회사� 영업수익 1,920� 달러($19.2 million)� 보고했으�, 이는 2024� 2분기보다 $449,000 증가� 수치이고, 당기순이� 510� 달러($5.1 million)으로 소폭 증가� $59,000� 기록했습니다. 2분기 주당순이익은 $0.35� 유지되었습니�.

2025� 상반기에� 영업수익� 3,770� 달러($37.7 million)� 증가(전년 동기 대� $1.3 million 증가)했으�, 당기순이익은 870� 달러($8.7 million)� 감소(전년 동기 대� $630,000 감소)했습니다. 회사� 2025� 상반� 동안 $22.2 million� 자본 프로젝트� 투자했으�, 인프� 개선 � 시스� 업그레이드를 위해 연내 추가� $23.8 million� 투자� 계획입니�.

York Water Company (NASDAQ:YORW) a publié ses résultats financiers du T2 et du premier semestre 2025. Au T2, la société a enregistré des revenus d'exploitation de 19,2 millions $, en hausse de 449 000 $ par rapport au T2 2024, avec un résultat net de 5,1 millions $, soit une légère hausse de 59 000 $. Le bénéfice par action au T2 est resté stable à 0,35 $.

Pour le premier semestre 2025, bien que les revenus d'exploitation aient augmenté à 37,7 millions $ (soit +1,3 million $), le résultat net a diminué à 8,7 millions $ (soit -630 000 $) par rapport au premier semestre 2024. La société a investi 22,2 millions $ dans des projets d'investissement au cours du premier semestre 2025 et prévoit d'investir 23,8 millions $ supplémentaires au cours de l'année pour des améliorations d'infrastructure et des mises à niveau du système.

York Water Company (NASDAQ:YORW) hat seine Finanzergebnisse für das 2. Quartal und das erste Halbjahr 2025 veröffentlicht. Im 2. Quartal meldete das Unternehmen operative Umsätze in Höhe von $19.2 million, ein Anstieg um $449.000 gegenüber Q2 2024, bei einem Nettoergebnis von $5.1 million, eine leichte Steigerung um $59.000. Der Gewinn je Aktie im Q2 blieb mit $0.35 unverändert.

Für das erste Halbjahr 2025 stiegen die operativen Umsätze auf $37.7 million (plus $1.3 million), während das Nettoergebnis auf $8.7 million zurückging (minus $630.000) im Vergleich zum ersten Halbjahr 2024. Das Unternehmen investierte $22.2 million in Investitionsprojekte im ersten Halbjahr 2025 und plant, im Laufe des Jahres weitere $23.8 million in Infrastrukturverbesserungen und Systemupgrades zu investieren.

Positive
  • Operating revenues increased by $449,000 in Q2 2025
  • Q2 2025 net income grew by $59,000 year-over-year
  • Customer base expansion and DSIC revenues drove growth
  • Significant capital investment of $22.2M in H1 2025 for infrastructure improvements
  • Lower income taxes due to IRS tangible property regulations
Negative
  • H1 2025 net income decreased by $630,000 compared to H1 2024
  • H1 2025 EPS declined by $0.05 to $0.60
  • Higher operation and maintenance expenses
  • Increased interest on debt
  • Lower allowance for funds used during construction (AFUDC)

Insights

York Water reported Q2 revenue growth but flat EPS, with first-half earnings declining despite increased revenue, primarily due to higher expenses.

York Water Company's Q2 2025 results present a mixed financial picture. Revenue increased by $449,000 to $19.2 million (2.4% growth) compared to Q2 2024, driven by customer base expansion and Distribution System Improvement Charge (DSIC) collections. However, despite this growth and a modest $59,000 increase in net income to $5.05 million, earnings per share remained flat at $0.35.

The first half of 2025 shows more concerning trends. While six-month revenue grew by $1.28 million to $37.66 million (3.5% increase), net income declined by $630,000 to $8.69 million (6.8% decrease). This resulted in EPS dropping from $0.65 to $0.60.

What's squeezing profitability? The company faces higher operation and maintenance costs, increased depreciation, higher interest expenses, and lower allowance for funds used during construction (AFUDC). These cost pressures are outpacing revenue growth, particularly in the first half results.

On the investment front, York Water deployed $22.2 million in capital projects during H1 2025 and plans an additional $23.8 million for the remainder of the year. These investments focus on infrastructure improvements, software upgrades, and expanding capacity to serve their growing customer base.

For income-focused investors, the quarterly dividend increased 4.0% year-over-year to $0.2192 per share, consistent with the company's dividend growth pattern. York Water maintains its status as a stable utility with reliable income generation, but the pressure on margins warrants monitoring in upcoming quarters.

YORK, Pa., Aug. 12, 2025 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2025.

President Hand reported that second quarter operating revenues of $19,199,000 increased $449,000 and net income of $5,052,000 increased $59,000 compared to the second quarter of 2024. Basic and Diluted Earnings per share of $0.35 for the three-month period is unchanged compared to the same period last year. Increased revenues were primarily due to growth in the customer base and revenues from the Distribution System Improvement Charge (DSIC). The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure. Income taxes decreased due to higher deductions from the IRS tangible property regulations. The increased revenue and lower income taxes were partially offset by higher operation and maintenance expenses and depreciation, higher interest on debt, and lower allowance for funds used during construction (AFUDC). AFUDC is the cost of debt and equity funds used to finance plant construction.

President Hand also reported that the first six months operating revenues of $37,655,000 increased $1,277,000, but net income of $8,690,000 decreased $630,000 compared to the first six months of 2024. Increased revenues were primarily due to growth in the customer base and revenues from the DSIC. Income taxes decreased due to higher deductions from the IRS tangible property regulations. The increased revenue and lower income taxes were more than offset by higher operation and maintenance expenses and depreciation, higher interest on debt, and lower AFUDC. Basic and Diluted Earnings per share of $0.60 for the six-month period decreased $0.05 compared to the same period last year.

During the first six months of 2025, the Company invested $22.2 million in capital projects for main extensions and an upgrade to the enterprise software system, as well as various replacements and improvements to infrastructure and routine items. The Company estimates it will invest an additional $23.8 million in 2025, excluding acquisitions, for additional main extensions, wastewater treatment plant construction, a continuing upgrade to the enterprise software system, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base.

Period Ended June 30
In 000's (except per share)
QuarterSix Months
2025202420252024
Operating Revenues$19,199$18,750$37,655$36,378
Net Income$5,052$4,993$8,690$9,320
Average Number of Common Shares Outstanding14,39714,34114,38914,333
Basic and Diluted Earnings Per Common Share$0.35$0.35$0.60$0.65
Dividends Declared Per Common Share$0.2192$0.2108$0.4384$0.4216


This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.



Contact Information:
JT Hand, President & CEO
[email protected]
-OR-
Matthew E. Poff, Chief Financial Officer
[email protected]

717-845-3601

FAQ

What were York Water Company's (YORW) Q2 2025 earnings per share?

York Water Company reported Q2 2025 earnings per share of $0.35, unchanged from the same period last year.

How much revenue did York Water (YORW) generate in Q2 2025?

York Water Company generated operating revenues of $19.2 million in Q2 2025, an increase of $449,000 compared to Q2 2024.

What is York Water's (YORW) capital investment plan for 2025?

York Water plans to invest $23.8 million in 2025 for main extensions, wastewater treatment plant construction, enterprise software system upgrades, and infrastructure improvements.

How did York Water's (YORW) first half 2025 performance compare to 2024?

In H1 2025, operating revenues increased by $1.3M to $37.7 million, but net income decreased by $630,000 to $8.7 million compared to H1 2024.

What is York Water's (YORW) current dividend payment?

York Water declared a dividend of $0.2192 per common share for Q2 2025, up from $0.2108 in Q2 2024.
York Water

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440.36M
14.23M
1.13%
56.18%
2.04%
Utilities - Regulated Water
Water Supply
United States
YORK