York Water Company reports 2025 revenues rose to $77.5 million, but net income fell to $20.1 million.
Quiver AI Summary
The York Water Company, led by President and CEO JT Hand, announced its 2025 financial results, reporting operating revenues of $77.5 million, an increase from the previous year, but a decline in net income to $20.1 million. Although the customer base growth and revenues from the Distribution System Improvement Charge (DSIC) contributed to higher revenues, increased operational expenses, depreciation, and interest on debt negatively impacted net income. The company invested significantly in infrastructure improvements, including replacing water and wastewater mains, and is planning similar investments of around $48 million for the next two years. For the fourth quarter of 2025, operating revenues rose slightly from the same period in 2024, while net income saw a minor increase. Basic and diluted earnings per share remained steady at $0.36 for the fourth quarter.
Potential Positives
- Operating revenues for 2025 increased by $2,529,000, reflecting growth in the customer base and a successful implementation of the Distribution System Improvement Charge (DSIC).
- The Company invested $48.7 million in capital projects during 2025 aimed at improving infrastructure, which supports long-term growth and service enhancement.
- The Company anticipates planned investments of approximately $48 million for each of 2026 and 2027, indicating a commitment to ongoing improvements and customer service enhancements.
- The fourth quarter of 2025 saw an increase in operating revenues of $606,000 and a slight increase in net income compared to the same quarter in 2024, showing resilience in performance amidst some operational challenges.
Potential Negatives
- Net income decreased by $267,000 compared to 2024, indicating a decline in profitability despite increased operating revenues.
- Basic and Diluted Earnings per share decreased by $0.03 compared to 2024, suggesting a reduction in shareholder value.
- Higher operation and maintenance expenses, increased depreciation, and higher interest on debt were cited as significant factors offsetting revenue gains, indicating potential operational cost pressures.
FAQ
What were York Water Company's 2025 financial results?
York Water Company reported 2025 operating revenues of $77.5 million and a net income of $20.1 million, reflecting slight declines in net income.
How did customer growth impact York Water's revenue?
Revenue growth was primarily attributed to an expanding customer base and the Distribution System Improvement Charge (DSIC).
What capital projects did York Water undertake in 2025?
The Company invested $48.7 million in capital projects including main extensions, software upgrades, and improvements to infrastructure.
What was the outlook for York Water in 2026 and 2027?
York Water anticipates investing approximately $48 million each year in various infrastructure and service improvements for 2026 and 2027.
How did York Water's earnings per share change in 2025?
The basic and diluted earnings per share decreased by $0.03 to $1.39 in 2025 compared to 2024.
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 17 times in the past 6 months. Of those trades, 17 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 862 shares for an estimated $25,800 and 0 sales.
- MATTHEW J SCARPATO (Chief Operating Officer) has made 2 purchases buying 125 shares for an estimated $3,775 and 0 sales.
- ALEXANDRA C CHIARUTTINI (CAO & General Counsel) has made 2 purchases buying 91 shares for an estimated $2,700 and 0 sales.
- WILLIAM T. II YANAVITCH purchased 44 shares for an estimated $1,499
- SUZANNE M BECKER (VP- Customer Service) purchased 45 shares for an estimated $1,400
- ASHLEY M GRIMM (VP- Human Resources) has made 2 purchases buying 27 shares for an estimated $810 and 0 sales.
- MARK S SNYDER (VP- Engineering) has made 2 purchases buying 22 shares for an estimated $675 and 0 sales.
- MATTHEW E POFF (Chief Financial Officer) has made 2 purchases buying 9 shares for an estimated $269 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$YORW Hedge Fund Activity
We have seen 79 institutional investors add shares of $YORW stock to their portfolio, and 89 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
- GOLDMAN SACHS GROUP INC added 68,429 shares (+79.5%) to their portfolio in Q4 2025, for an estimated $2,178,779
- 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.
Full Release
YORK, Pa., March 03, 2026 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced the Company's 2025 financial results.
President Hand reported that 2025 operating revenues of $77,488,000 increased $2,529,000, but net income of $20,058,000 decreased $267,000 compared to 2024. Basic and Diluted Earnings per share of $1.39 for 2025 decreased $0.03 compared to 2024. 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 Company also recognized a non-recurring gain on life insurance. The increased revenue, lower income taxes, and gain on life insurance were more than 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.
During the year, the Company invested $48.7 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. During 2025, the Company replaced approximately 54,100 feet of water main and 1,800 feet of wastewater main to improve its distribution and collection systems, reduce ongoing expenses, and improve customer service.
President Hand also reported that for the fourth quarter of 2025 operating revenues increased $606,000 and net income increased $25,000 compared to the fourth quarter of 2024. Basic and Diluted Earnings per share were $0.36 for the fourth quarter of 2025, the same as the fourth quarter last year. Increased revenues were primarily due to revenues from growth in the customer base and DSIC. The Company also recognized a non-recurring gain on life insurance. The increased revenue was partially offset by higher operation and maintenance expenses, depreciation, and higher interest on debt.
President Hand reported that York Water anticipates investments for 2026 and 2027 of approximately $48 million in each year, excluding acquisitions, for additional main extensions, an upgrade to the enterprise software system, water treatment plant construction, water tank replacement, wastewater treatment plant construction, 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 December 31 | ||||||||
| In 000's (except per share) | ||||||||
| Quarter | Twelve Months | |||||||
| 2025 | 2024 | 2025 | 2024 | |||||
| Operating Revenues | $ | 19,472 | $ | 18,866 | $ | 77,488 | $ | 74,959 |
| Net Income | $ | 5,167 | $ | 5,142 | $ | 20,058 | $ | 20,325 |
| Average Number of Common Shares Outstanding | 14,426 | 14,366 | 14,404 | 14,347 | ||||
| Basic and Diluted Earnings Per Common Share | $ | 0.36 | $ | 0.36 | $ | 1.39 | $ | 1.42 |
| Dividends Declared Per Common Share | $ | 0.2280 | $ | 0.2192 | $ | 0.8856 | $ | 0.8516 |
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.
