<span item_type="fundamental" item_id="117c201bf9325a3f513a7bd336a7f3b6" counter_id="ST/US/YORW" env="prod"></span><span item_type="announcement" item_id="548660801486854785" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 37.66 M, beating the estimate of USD 19 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD 0.6, beating the estimate of USD 0.33.</p><p></p><h3>Operating Revenues</h3><p>Operating revenues for the second quarter of 2025 increased by $449, or 2.4%, from $18,750 in 2024 to $19,199 in 2025. The increase was primarily due to growth in the customer base and increased revenues from the distribution system improvement charge (DSIC) allowed by the PPUC of $497.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Operating Expenses</h3><p>Operating expenses for the second quarter of 2025 increased by $425, or 3.6%, from $11,688 in 2024 to $12,113 in 2025. The increase was primarily due to higher expenses for insurance ($272), depreciation and amortization ($239), wages and benefits ($155), and water treatment ($114). Other operating expenses increased by a net of $180. The increase was partially offset by reduced expenses for distribution system maintenance ($234), provision for uncollectible accounts ($198), and wastewater treatment ($103).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Net Income</h3><p>Net income for the second quarter of 2025 was $5,052, an increase of $59, or 1.2%, from $4,993 in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Interest on Debt</h3><p>Interest on debt for the second quarter of 2025 increased by $338, or 15.5%, from $2,183 in 2024 to $2,521 in 2025. The increase was primarily due to higher interest rates. The average debt outstanding under the line of credit was $25,762 for the second quarter of 2025 and $712 for the second quarter of 2024. The weighted average interest rate on the line of credit was 5.49% for the quarter ended June 30, 2025, and 4.50% for the quarter ended June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Allowance for Funds Used During Construction</h3><p>Allowance for funds used during construction decreased by $156, from $347 in the second quarter of 2024 to $191 in the corresponding 2025 period due to a lower volume of eligible construction.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Income Tax Expense</h3><p>Income tax expense for the second quarter of 2025 decreased by $888 as compared to the same period of 2024 due to higher deductions for the IRS tangible property regulations (TPR). The Company’s effective tax rate was -7.8% for the second quarter of 2025 and 9.4% for the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Cash Flow</h3><p>Net cash provided by operating activities for the first six months of 2025 was $13,603, compared to $12,841 for the same period in 2024. The increase was primarily due to increased cash receipts from customers and the timing of payments to vendors partially offset by higher interest paid.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><h3>Future Outlook and Strategy</h3><p>The Company anticipates construction expenditures for the remainder of 2025 of approximately $23,800, exclusive of any potential acquisitions not yet approved. In addition to routine transmission and distribution projects, a portion of the anticipated expenditures will be for additional main extensions, wastewater treatment plant construction, and an upgrade to the enterprise software system, as well as various replacements and improvements to infrastructure and routine items.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><p>The Company expects revenues to show a modest increase due to the DSIC, higher summer demand, and an increase in the number of water and wastewater customers from acquisitions and growth within the Company’s service territory. Other regulatory actions, weather patterns, and economic conditions could impact results.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p><p>The Company signed agreements to purchase the wastewater collection and treatment assets of Pine Run Retirement Community and the water assets of Eagle View Manufactured Housing Community, with expected closings in 2025 and 2026, respectively. These acquisitions are expected to be immaterial to Company results.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/108985/000010898525000070/form10q.htm"></span></p>

York Water | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 37.66 M