Welcome to our dedicated page for York Water news (Ticker: YORW), a resource for investors and traders seeking the latest updates and insights on York Water stock.
Overview
York Water (YORW) stands as a distinguished, investor-owned water utility with a historic legacy as the nation’s oldest in its class. Focusing on water purification, wastewater treatment, and sustainable water distribution systems, the company ensures that every service meets or exceeds safe drinking water standards, reflecting deep industry expertise and rigorous operational standards.
Core Business and Operational Excellence
At the heart of its operations, York Water impounds, purifies, and delivers water to a broad network of municipalities. Its comprehensive portfolio spans the operation of potable water systems alongside several wastewater collection and treatment facilities, designed to serve complex municipal needs. Leveraging advanced water purification processes and robust treatment systems, the company executes its mission with an unwavering commitment to public health and safety.
Service Area and Market Reach
Operating across south-central Pennsylvania, York Water serves an extensive territory that encompasses numerous municipalities, impacting the daily lives of hundreds of thousands of residents. Its broad service reach within its regulated franchised area underscores the company’s strategic position in delivering essential public utility services reliably and efficiently.
Infrastructure and Regulatory Acumen
York Water’s infrastructure is underpinned by long-standing, well-maintained water and wastewater systems that meet strict regulatory standards. The company navigates a complex landscape of state and local regulations, ensuring compliance while maintaining high standards of water quality. This regulatory expertise not only reinforces its operational credibility but also underlines its commitment to safety and reliability.
Competitive and Operational Positioning
As an investor-owned entity in a traditionally public service industry, York Water distinguishes itself through its dual emphasis on community service and strategic fiscal management. The company’s operational model is built on the precise balance of regulated revenue streams and proactive infrastructure investment, lending it a unique positioning within the competitive landscape of water utilities. Its longstanding heritage and reputation for reliably managed services contribute to a trusted image among local municipalities and stakeholders.
Key Features and Industry Terminology
- Water Purification: Employing advanced techniques to ensure that water quality meets strict health standards.
- Wastewater Treatment: Operating multiple systems aimed at efficiently processing and treating waste streams.
- Investor-Owned Utility: Navigating the dual objectives of operational service excellence and shareholder accountability within a regulated environment.
- Municipal Service Framework: Strategically managed service territories that align with local regulatory standards and community needs.
Each element of York Water’s operations underscores its sustained commitment to delivering safe, reliable utility services to an expansive, community-focused service area. The company’s integrated systems and regulatory expertise offer a robust framework through which it consistently meets public health demands while ensuring operational efficiency.
York Water Company (NASDAQ:YORW) reported mixed financial results for 2024. Operating revenues increased by $3,928,000 to $74,959,000, while net income decreased by $3,432,000 to $20,325,000 compared to 2023. Earnings per share declined by $0.24 to $1.42, though dividends per share increased by 4%.
Revenue growth was driven by rate increases effective March 1, 2023, Distribution System Improvement charge (DSIC), and customer base expansion. However, higher operation and maintenance expenses, depreciation, interest on debt, and lower AFUDC offset these gains.
The company invested $48.2 million in infrastructure improvements, including Lake Williams dam upgrades and wastewater treatment plant construction. Additionally, $783,000 was spent acquiring four water and two wastewater systems. York Water plans to invest approximately $46.0 million in 2025 and $48.5 million in 2026 for further infrastructure improvements.
York Water Company (NASDAQ:YORW) reported mixed Q3 2024 results. Operating revenues increased by $948,000 to $19.7 million, driven by Distribution System Improvement charge and customer base growth. However, net income decreased by $1.7 million to $5.9 million. EPS fell to $0.41, down $0.12 year-over-year. For the nine-month period, revenues rose by $3.2 million to $56.1 million, while net income declined by $2.6 million to $15.2 million. The company invested $33 million in capital projects and $264,000 in acquisitions, expanding its service to 57 municipalities across four counties in Pennsylvania.
The York Water Company (NASDAQ:YORW) reported its financial results for Q2 and H1 2024. Q2 operating revenues decreased slightly to $18,750,000, while net income fell to $4,993,000. Basic and Diluted EPS for Q2 decreased by $0.10 to $0.35. The decline in net income was primarily due to higher expenses and lower AFUDC.
For H1 2024, operating revenues increased to $36,378,000, but net income decreased to $9,320,000. Basic and Diluted EPS for H1 fell by $0.06 to $0.65. The company invested $20.9 million in capital projects during H1 and plans to invest an additional $21.3 million in 2024 for infrastructure improvements and expansion.
The York Water Company reported strong financial results for the first quarter of 2024, with operating revenues increasing to $17,628,000 and net income rising to $4,327,000 compared to the same period in 2023. President JT Hand highlighted the revenue growth due to rate increases and an expanding customer base, offset by higher expenses. The Company also made significant investments in infrastructure improvements and completed strategic acquisitions, positioning itself for future growth.
YORK, Pa., March 7, 2023 – The York Water Company (NASDAQ:YORW) announced a strong financial performance for 2022, reporting operating revenues of $60.061 million, up $4.942 million from 2021. Net income rose $2.596 million to $19.580 million, with earnings per share increasing by $0.10 to $1.40. This growth was driven by acquisitions and the use of the Distribution System Improvement Charge (DSIC). The company plans to invest $60.6 million in 2023 and $47.1 million in 2024 for infrastructure improvements. However, higher operating expenses partially offset revenue increases.
The York Water Company (Nasdaq: YORW) announced a rate increase approved by the Pennsylvania Public Utility Commission on January 12, 2023, aimed at recovering costs from a $176 million investment in water and wastewater infrastructure improvements. This rate adjustment will impact approximately 75,000 customers in York, Adams, and Franklin Counties, resulting in a $6.57 increase in the average monthly water bill. Additionally, the rates will enable a total annual revenue increase of around $13.5 million, effective March 1, 2023.
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