The York Water Company reported increased revenues in Q2 2025, but net income decreased due to higher expenses.
Quiver AI Summary
The York Water Company reported its financial results for the second quarter and the first six months of 2025, revealing a slight increase in operating revenues but a decrease in net income compared to the previous year. In the second quarter, operating revenues reached $19.2 million, up $449,000, with net income rising to $5.1 million, a $59,000 increase. For the first half of the year, revenues were $37.7 million, an increase of $1.3 million, but net income fell to $8.7 million, a decrease of $630,000. The growth in revenue was attributed to customer base expansion and the Distribution System Improvement Charge (DSIC), while overall costs, including operation and maintenance expenses, and higher interest on debt, impacted profitability. The company also invested significantly in capital projects, totaling $22.2 million in the first half, and forecasts an additional $23.8 million in 2025 for infrastructure improvements. Basic earnings per share remained stable at $0.35 for the quarter but decreased to $0.60 for the six-month period.
Potential Positives
- Operating revenues for the second quarter increased by $449,000 compared to the same period last year, indicating growth in the customer base and effective implementation of the Distribution System Improvement Charge (DSIC).
- President Hand announced a substantial investment of $22.2 million in capital projects during the first six months of 2025, demonstrating a commitment to infrastructure improvement and expansion to serve a growing customer base.
- The decrease in income taxes due to higher deductions from IRS regulations positively impacted overall financial performance, despite challenges from increased operational expenses.
Potential Negatives
- Net income for the first six months of 2025 decreased by $630,000 compared to the same period in 2024, indicating potential profitability concerns.
- Basic and Diluted Earnings per share for the six-month period decreased by $0.05 compared to the same period last year, suggesting declining shareholder value.
- Higher operation and maintenance expenses, depreciation, and interest on debt indicate increasing financial pressures on the company.
FAQ
What are York Water Company's financial results for Q2 2025?
York Water Company reported Q2 2025 operating revenues of $19,199,000 and net income of $5,052,000.
How did net income change in the first half of 2025?
Net income for the first half of 2025 decreased to $8,690,000, down $630,000 from 2024.
What factors contributed to increased revenues in 2025?
Increased revenues in 2025 were primarily due to customer base growth and revenues from the DSIC.
What investments is York Water Company making in 2025?
The company plans to invest $23.8 million in capital projects, including main extensions and infrastructure improvements.
What is the status of York Water's Earnings per Share (EPS)?
Basic and diluted EPS for Q2 2025 remained unchanged at $0.35, while it decreased to $0.60 for the six-month period.
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 14 times in the past 6 months. Of those trades, 14 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 4 purchases buying 665 shares for an estimated $20,995 and 0 sales.
- ALEXANDRA C CHIARUTTINI (CAO & General Counsel) has made 2 purchases buying 82 shares for an estimated $2,600 and 0 sales.
- MATTHEW J SCARPATO (VP- Operations) has made 2 purchases buying 62 shares for an estimated $1,950 and 0 sales.
- ASHLEY M GRIMM (VP- Human Resources) has made 2 purchases buying 24 shares for an estimated $779 and 0 sales.
- MARK S SNYDER (VP- Engineering) has made 2 purchases buying 20 shares for an estimated $650 and 0 sales.
- MATTHEW E POFF (Chief Financial Officer) has made 2 purchases buying 8 shares for an estimated $260 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$YORW Hedge Fund Activity
We have seen 66 institutional investors add shares of $YORW stock to their portfolio, and 68 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 220,407 shares (+25.3%) to their portfolio in Q2 2025, for an estimated $6,964,861
- BLACKROCK, INC. added 158,738 shares (+9.8%) to their portfolio in Q2 2025, for an estimated $5,016,120
- PENN CAPITAL MANAGEMENT COMPANY, LLC removed 103,748 shares (-71.5%) from their portfolio in Q1 2025, for an estimated $3,597,980
- MILLENNIUM MANAGEMENT LLC added 81,138 shares (+1062.7%) to their portfolio in Q1 2025, for an estimated $2,813,865
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 46,642 shares (+inf%) to their portfolio in Q1 2025, for an estimated $1,617,544
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 39,608 shares (+432.0%) to their portfolio in Q1 2025, for an estimated $1,373,605
- LEGAL & GENERAL GROUP PLC added 29,882 shares (+13.0%) to their portfolio in Q2 2025, for an estimated $944,271
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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) | ||||||||
| Quarter | Six Months | |||||||
| 2025 | 2024 | 2025 | 2024 | |||||
| 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 Outstanding | 14,397 | 14,341 | 14,389 | 14,333 | ||||
| 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.
