The York Water Company Reports First Quarter 2026 Financial Results with Increased Revenues and Net Income

York Water Company reports first quarter 2026 revenue of $20.1 million, net income of $4.8 million, and increased customer base.

Quiver AI Summary

The York Water Company reported strong financial results for the first quarter of 2026, with operating revenues increasing to $20,074,000, up by $1,618,000 from the same period last year, and net income rising to $4,814,000, an increase of $1,176,000. Earnings per share also improved to $0.33, reflecting an $0.08 increase. The revenue growth was driven mainly by a rate increase effective March 1, 2026, although this was partially offset by a reset of the Distribution System Improvement Charge. The Company also saw growth in its customer base and benefited from lower income taxes due to IRS regulations. However, higher operating expenses and interest costs impacted overall profitability. Additionally, the Company invested $9.8 million in capital projects during the quarter, including infrastructure upgrades and wastewater system acquisitions, and plans to invest a further $38.1 million throughout 2026 to ensure reliable water supply and service improvements for its expanding customer base.

Potential Positives

First quarter operating revenues increased by $1,618,000 to $20,074,000 compared to the same period last year, indicating financial growth.
Net income rose by $1,176,000, reaching $4,814,000, signaling improved profitability.
Basic and Diluted Earnings per share increased by $0.08 to $0.33, reflecting enhanced shareholder value.
Investments of $9.8 million in capital projects aim to upgrade infrastructure and support the growing customer base, indicating a commitment to long-term sustainability and service reliability.

Potential Negatives

Increased revenues were primarily due to a rate increase implemented in March 2026, which may negatively impact customer satisfaction and lead to potential pushback from customers.
Higher operation and maintenance expenses, depreciation, and interest on debt could indicate rising costs that may affect future profitability.
The reset to zero of the Distribution System Improvement Charge (DSIC) may limit funding for infrastructure improvements, raising concerns about the condition of aging infrastructure.

FAQ

What were York Water Company's first quarter 2026 operating revenues?

The operating revenues for York Water Company in the first quarter of 2026 were $20,074,000.

How much did net income increase in the first quarter of 2026?

Net income increased by $1,176,000, totaling $4,814,000 compared to the first quarter of 2025.

What factors contributed to revenue growth for York Water Company?

Revenue growth was primarily due to a rate increase effective March 1, 2026, and a growing customer base.

How much did York Water Company invest in capital projects in 2026?

The Company invested $9.8 million in capital projects during the first three months of 2026.

What is the expected investment amount for York Water Company in 2026?

The Company estimates additional investments of $38.1 million in 2026 for various infrastructure improvements.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$YORW Insider Trading Activity

$YORW insiders have traded $YORW stock on the open market 19 times in the past 6 months. Of those trades, 19 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $YORW stock by insiders over the last 6 months:

JOSEPH THOMAS HAND (CEO & President) has made 5 purchases buying 1,479 shares for an estimated $42,918 and 0 sales.
MATTHEW J SCARPATO (Chief Operating Officer) has made 2 purchases buying 194 shares for an estimated $5,800 and 0 sales.
MATTHEW E POFF (Chief Financial Officer) has made 3 purchases buying 183 shares for an estimated $5,247 and 0 sales.
ALEXANDRA C CHIARUTTINI (CAO & General Counsel) has made 2 purchases buying 87 shares for an estimated $2,600 and 0 sales.
SUZANNE M BECKER (VP- Customer Service) has made 2 purchases buying 87 shares for an estimated $2,600 and 0 sales.
WILLIAM T. II YANAVITCH purchased 44 shares for an estimated $1,499
ASHLEY M GRIMM (VP- Human Resources) has made 2 purchases buying 26 shares for an estimated $780 and 0 sales.
MARK S SNYDER (VP- Engineering) has made 2 purchases buying 21 shares for an estimated $650 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$YORW Hedge Fund Activity

We have seen 75 institutional investors add shares of $YORW stock to their portfolio, and 67 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY added 459,067 shares (+250.0%) to their portfolio in Q4 2025, for an estimated $14,616,693
RENAISSANCE TECHNOLOGIES LLC removed 105,900 shares (-48.4%) from their portfolio in Q4 2025, for an estimated $3,371,856
PRINCIPAL FINANCIAL GROUP INC removed 65,527 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,995,297
CENTERBOOK PARTNERS LP added 53,677 shares (+156.1%) to their portfolio in Q4 2025, for an estimated $1,709,075
TWO SIGMA ADVISERS, LP removed 49,500 shares (-80.1%) from their portfolio in Q4 2025, for an estimated $1,576,080
BLACKROCK, INC. added 47,012 shares (+2.6%) to their portfolio in Q4 2025, for an estimated $1,496,862
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 45,377 shares (+23.3%) to their portfolio in Q4 2025, for an estimated $1,444,803

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Full Release

YORK, Pa., May 05, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2026.

President Hand reported that first quarter operating revenues of $20,074,000 increased $1,618,000, and net income of $4,814,000 increased $1,176,000 compared to the first quarter of 2025. Basic and Diluted Earnings per share of $0.33 for the three-month period increased $0.08 compared to the same period last year. Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of 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. Growth in the customer base also added to revenues. 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, depreciation, and interest on debt.

During the first three months of 2026, the Company invested $9.8 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. In addition, the Company invested $470,000 in the acquisition of two wastewater systems, including the CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County. The Company estimates it will invest an additional $38.1 million in 2026, excluding acquisitions, for additional main extensions, 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.

	Three Months Ended March 31 In 000's (except per share )
		2026		2025
Operating Revenues	$	20,074	$	18,456
Net Income	$	4,814	$	3,638
Average Number of Common Shares Outstanding		14,438		14,381
Basic and Diluted Earnings per Common Share	$	0.33	$	0.25
Dividends Declared Per Common Share	$	0.2280	$	0.2192

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.