10-K · March 3, 2026
York Water reports 2025 revenue of $77,488,000, up $2,529,000 or 3.4% versus $74,959,000 in 2024, driven by customer additions and rate activity. The company added customers (79,771 -> 81,292) and continued heavy…
Earnings analysis · 10-Q
YORW earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
In Q1 2026, York Water Company reported a revenue increase of 8.8% YoY to $20.1 million, contributing to a 32.3% rise in net income to $4.8 million. The improved financial performance is attributed to a recent rate…
Read full summary
In Q1 2026, York Water Company reported a revenue increase of 8.8% YoY to $20.1 million, contributing to a 32.3% rise in net income to $4.8 million. The improved financial performance is attributed to a recent rate increase and growth in customer base, although operating expenses also rose substantially by 12.7%.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.33
What stood out
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Strong Revenue Growth
Revenue increased by $1.6 million, or 8.8%, from $18.5 million in Q1 2025 to $20.1 million in Q1 2026.
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Significant EPS Improvement
Diluted EPS jumped 32.3% from $0.25 in Q1 2025 to $0.33 in Q1 2026.
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Customer Base Expansion
Customer base increased by 998 water customers to 74,184 and by 620 wastewater customers to 7,332.
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Reduced Effective Tax Rate
The effective tax rate fell from 11.5% in Q1 2025 to -21.3% in Q1 2026 due to higher deductions.
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Capital Investment Growth
Invested $9.8 million in construction expenditures during Q1 2026, supporting future growth.
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Debt Repayment Plan
Proceeds from the April capital raise of $47.7 million will substantially repay existing debts.
What to watch
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Higher Operating Costs
Operating expenses surged by $1.5 million, or 12.7%, attributed to increased maintenance and payroll costs.
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Interest Expense Increase
Interest on debt grew by $296, or 12.2%, to $2.7 million due to increased borrowings.
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Potential Revenue Impact from Drought
Drought conditions may lead to reduced water usage, impacting future revenues.
Management's outlook
Management expects revenue growth to benefit from summer demand and rate increases.
Earlier filings 4
10-Q · November 6, 2025
York Water reported Q3 operating revenue of $20.361M (up $0.646M vs Q3 2024) and diluted EPS of $0.43 (beat the $0.38 consensus by $0.05). Operating income was $7.914M and operating margin was ~38.9%; operating income…
10-Q · May 6, 2025
Q1 2025 results showed modest top-line growth but lower profitability and negative free cash flow. Revenue rose to $18,456,000 (Q1 2024: $17,628,000) while diluted EPS fell to $0.25 (Q1 2024: $0.30) and net income…
10-K · March 7, 2023
York Water Company is a small, purely regulated water and wastewater utility reporting 2022 operating revenue of $60,061,000, up $4,942,000 or 9.0% versus 2021 ($55,119,000). Growth was driven by customer additions…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.