York Water | 8-K: FY2026 Q2 Revenue: USD 23.52 M

Revenue: As of FY2026 Q2, the actual value is USD 23.52 M.

EPS: As of FY2026 Q2, the actual value is USD 0.49, beating the estimate of USD 0.4.

Second Quarter 2026 Performance

• Operating Revenues: The York Water Company reported operating revenues of $23,515,000 for the second quarter of 2026, an increase of $4,316,000 compared to $19,199,000 in the second quarter of 2025.
• Net Income: Net income for the second quarter of 2026 was $7,615,000, an increase of $2,563,000 from $5,052,000 in the same period of 2025.
• Average Number of Common Shares Outstanding: The average number of common shares outstanding was 15,883,000 for the second quarter of 2026, up from 14,397,000 in the second quarter of 2025.
• Dividends Declared Per Common Share: Dividends declared per common share were $0.2280 for the second quarter of 2026, compared to $0.2192 in the second quarter of 2025.

First Six Months 2026 Performance

• Operating Revenues: For the first six months of 2026, operating revenues totaled $43,589,000, an increase of $5,934,000 compared to $37,655,000 in the first six months of 2025.
• Net Income: Net income for the first six months of 2026 was $12,429,000, an increase of $3,739,000 from $8,690,000 in the same period of 2025.
• Average Number of Common Shares Outstanding: The average number of common shares outstanding was 15,165,000 for the first six months of 2026, up from 14,389,000 in the first six months of 2025.
• Dividends Declared Per Common Share: Dividends declared per common share were $0.4560 for the first six months of 2026, compared to $0.4384 in the first six months of 2025.

Key Factors Influencing Performance

• Increased revenues were primarily driven by rate increases effective March 1, 2026, and growth in the customer base. This was partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC). Higher operation and maintenance expenses, depreciation, and income taxes partially offset the increased revenue, though income taxes decreased due to higher deductions from IRS tangible property regulations.

Capital Investments

• During the first six months of 2026, The York Water Company invested $21.1 million in capital projects and an additional $470,000 in the acquisition of two wastewater systems.

Outlook

• The York Water Company estimates an additional investment of $26.8 million in 2026 for further main extensions, software upgrades, and infrastructure improvements, excluding acquisitions.