York Water Earnings Reports

The York Water Company reported an increase in operating revenues for Q4 2024, driven by revenues from the Distribution System Improvement Charge (DSIC) and customer base growth. However, net income decreased due to higher operation and maintenance expenses, depreciation, and a lower allowance for funds used during construction (AFUDC).

York Water reported a revenue increase of $948,000, primarily due to revenues from the Distribution System Improvement Charge (DSIC) and customer base growth, but net income decreased by $1,705,000 compared to Q3 2023. Earnings per share decreased by $0.12.

York Water Company reported a decrease in operating revenues and net income for the second quarter of 2024. Operating revenues decreased by $17,000, and net income decreased by $1,531,000 compared to the second quarter of 2023. Earnings per share also decreased by $0.10.

York Water Company reported an increase in operating revenues and net income for the first quarter of 2024. Operating revenues increased by $2,227,000 and net income increased by $674,000 compared to the first quarter of 2023. Earnings per share also increased.

York Water Company reported increased operating revenues and net income for Q4 2023 compared to Q4 2022. Basic and Diluted Earnings per share also increased. The increase in revenues was primarily due to an increase in rates effective March 1, 2023, partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC).

The York Water Company reported an increase in operating revenues and net income for the third quarter of 2023 compared to the third quarter of 2022. Increased revenues were primarily driven by rate increases and customer base growth, offset by higher expenses and depreciation.

York Water Company reported an increase in operating revenues and net income for the second quarter of 2023. Operating revenues increased by $3,868,000 and net income increased by $1,495,000 compared to the second quarter of 2022. Earnings per share increased by $0.09 compared to the same period last year.

York Water reported an increase in operating revenues but a decrease in net income and earnings per share for the first quarter of 2023 compared to the same period in 2022. Increased revenues were primarily due to rate increases, partially offset by the reset of the Distribution System Improvement Charge (DSIC) and increased expenses.

York Water reported increased operating revenues and net income for the fourth quarter of 2022, driven by customer base growth and the utilization of the Distribution System Improvement Charge (DSIC).

York Water Company reported Q3 2022 operating revenues of $15,811,000, an increase of $1,308,000 compared to Q3 2021. Net income for the quarter was $5,681,000, up $887,000 from the same period last year. Earnings per share increased to $0.40, a $0.04 increase compared to Q3 2021.

York Water Company reported an increase in operating revenues and net income for the second quarter of 2022. Operating revenues increased by $1,098,000 and net income increased by $545,000 compared to the second quarter of 2021. Earnings per share increased by $0.01 to $0.36.

York Water Company reported an increase in operating revenues and net income for the first quarter of 2022 compared to the same period in 2021. Operating revenues reached $14,240,000, and net income amounted to $3,859,000.

York Water reported an increase in operating revenues and net income for Q4 2021 compared to Q4 2020. Operating revenues increased by $336,000 and net income increased by $291,000. Basic and Diluted Earnings per share increased by $0.03.

York Water Company reported a slight increase in operating revenues and net income for Q3 2021 compared to Q3 2020. Operating revenues increased by $246,000 to $14,503,000, and net income increased by $90,000 to $4,794,000. Earnings per share remained the same at $0.36.

York Water Company reported an increase in operating revenues and net income for the second quarter of 2021. Operating revenues reached $13,801,000, an increase of $481,000, and net income was $4,484,000, an increase of $302,000, compared to the second quarter of 2020. Earnings per share increased to $0.35.

The York Water Company reported an increase in operating revenues but a decrease in net income for the first quarter of 2021. Operating revenues increased due to customer base growth and higher billing and revenue collection services, while net income decreased primarily due to a non-recurring gain on life insurance in the first quarter of 2020.

York Water Company reported an increase in operating revenues and net income for the fourth quarter of 2020, with earnings per share also increasing. The growth was primarily driven by higher residential consumption and customer base expansion, offset by increased operation and maintenance expenses and depreciation.

York Water Company reported an increase in operating revenues and net income for the third quarter of 2020 compared to the same period in 2019. Revenue growth was driven by higher residential consumption and customer base expansion, while earnings per share also saw an increase.

York Water Company reported increased operating revenues and net income for the second quarter of 2020 compared to the same period in 2019. Revenue growth was driven by higher residential consumption and customer base expansion, while earnings per share also increased.

The York Water Company reported an increase in operating revenues and net income for the first quarter of 2020 compared to the same period in 2019. Operating revenues increased by $1,046,000, and net income increased by $1,189,000.

York Water reported an increase in operating revenues but a decrease in net income for the fourth quarter of 2019 compared to the fourth quarter of 2018. Increased revenues resulted from rate increases and customer base growth, offset by lower DSIC. Higher operation and maintenance expenses, depreciation, and retirement expenses also impacted the results.