York Water Reports Strong Q2 Earnings Driven by Rate Hike and Customer Growth
The York Water Company (NASDAQ:YORW) reported strong second-quarter results in August, with revenue rising to $23.52 million from $19.20 million a year earlier due largely to a rate increase that took effect March 1. Net income also climbed significantly, reaching $7.62 million compared to $5.06 million the prior year, while earnings per share increased to $0.49 from $0.35. The company's six-month results showed similar growth trends at a larger scale: revenue hit $43.59 million for H1 2026 versus $37.66 million in the same period last year, and net income rose to $12.43 million from $8.69 million. The company also invested heavily during this time on infrastructure projects like wastewater plant construction and software upgrades. Despite these gains, York Water faced some headwinds including a reset of its Distribution System Improvement Charge back to zero in Pennsylvania, which reduced potential revenue recovery for infrastructure costs between rate cases.
Tickers: $YORW