York Water Company reported increased third-quarter revenues but decreased net income for the first nine months of 2025.
Quiver AI Summary
The York Water Company reported its financial results for the third quarter and first nine months of 2025, showing an increase in third quarter operating revenues of $20.4 million and net income of $6.2 million compared to the same period in 2024. Earnings per share rose to $0.43, up $0.02 year-over-year, mainly due to customer base growth and revenues from the Distribution System Improvement Charge (DSIC). However, net income for the first nine months dipped to $14.9 million, a decrease of $292,000 despite operating revenues increasing to $58.0 million, as rising operational expenses and depreciation offset gains. The company invested $37.1 million in capital projects during the first nine months and anticipates an additional $10 million investment by year's end to enhance infrastructure and ensure reliable service for its expanding customer base.
Potential Positives
- Third quarter operating revenues of $20,361,000 increased by $646,000 compared to the previous year, indicating revenue growth.
- Net income for the third quarter increased by $338,000 to $6,201,000, reflecting an improvement in profitability.
- The Company reported an increase in basic and diluted earnings per share to $0.43 for the quarter, up by $0.02 from the previous year.
- A significant investment of $37.1 million in capital projects during the first nine months demonstrates the Company's commitment to improving infrastructure and service reliability for its growing customer base.
Potential Negatives
- Net income for the first nine months of 2025 decreased by $292,000 compared to the same period in 2024, indicating potential challenges in maintaining profitability despite increased revenues.
- Basic and Diluted Earnings per share for the first nine months decreased by $0.03 compared to the same period last year, reflecting a decline in shareholder returns.
- Higher operation and maintenance expenses, depreciation, and interest on debt were cited as significant factors offsetting revenue growth, raising concerns about cost management efforts.
FAQ
What were the operating revenues for York Water Company in Q3 2025?
The operating revenues for Q3 2025 were $20,361,000, an increase of $646,000 from Q3 2024.
How did York Water Company's net income change in Q3 2025?
Net income increased by $338,000, reaching $6,201,000 in Q3 2025 compared to the same period in 2024.
What factors contributed to York Water's revenue growth in 2025?
Revenue growth was primarily due to an expanding customer base and revenues from the Distribution System Improvement Charge (DSIC).
What capital expenditures did York Water Company make in 2025?
The company invested $37.1 million in capital projects, including main extensions and upgrades to its enterprise software system.
What is the forecast for York Water's future investments?
York Water anticipates investing an additional $10.0 million in 2025 for infrastructure improvements and upgrades.
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 15 times in the past 6 months. Of those trades, 15 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 (President & CEO) has made 5 purchases buying 904 shares for an estimated $26,889 and 0 sales.
- ALEXANDRA C CHIARUTTINI (CAO & General Counsel) has made 2 purchases buying 88 shares for an estimated $2,600 and 0 sales.
- MATTHEW J SCARPATO (Chief Operating Officer) has made 2 purchases buying 66 shares for an estimated $1,950 and 0 sales.
- 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 22 shares for an estimated $650 and 0 sales.
- MATTHEW E POFF (Chief Financial Officer) has made 2 purchases buying 8 shares for an estimated $259 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$YORW Hedge Fund Activity
We have seen 82 institutional investors add shares of $YORW stock to their portfolio, and 70 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
- STATE STREET CORP removed 89,531 shares (-17.6%) from their portfolio in Q2 2025, for an estimated $2,829,179
- MILLENNIUM MANAGEMENT LLC added 43,982 shares (+49.5%) to their portfolio in Q2 2025, for an estimated $1,389,831
- PRINCIPAL FINANCIAL GROUP INC added 43,982 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,337,932
- DEPRINCE RACE & ZOLLO INC removed 43,736 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,382,057
- MORGAN STANLEY added 36,033 shares (+20.0%) to their portfolio in Q2 2025, for an estimated $1,138,642
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
YORK, Pa., Nov. 06, 2025 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2025.
President Hand reported that third quarter operating revenues of $20,361,000 increased $646,000 and net income of $6,201,000 increased $338,000 compared to the third quarter of 2024. Basic and Diluted Earnings per share of $0.43 for the three-month period increased $0.02 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 nine months operating revenues of $58,016,000 increased $1,923,000, but net income of $14,891,000 decreased $292,000 compared to the first nine 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 $1.03 for the nine-month period decreased $0.03 compared to the same period last year.
During the first nine months of 2025, the Company invested $37.1 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 $10.0 million in 2025, 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.
| Period Ended September 30 | ||||||||
| In 000's (except per share) | ||||||||
| Quarter | Nine Months | |||||||
| 2025 | 2024 | 2025 | 2024 | |||||
| Operating Revenues | $ | 20,361 | $ | 19,715 | $ | 58,016 | $ | 56,093 |
| Net Income | $ | 6,201 | $ | 5,863 | $ | 14,891 | $ | 15,183 |
| Average Number of Common Shares Outstanding | 14,412 | 14,354 | 14,397 | 14,340 | ||||
| Basic and Diluted Earnings Per Common Share | $ | 0.43 | $ | 0.41 | $ | 1.03 | $ | 1.06 |
| Dividends Declared Per Common Share | $ | 0.2192 | $ | 0.2108 | $ | 0.6576 | $ | 0.6324 |
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.
