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Mar 31, 2023
York Water Q1 2023 Earnings Report
York Water's Q1 2023 earnings decreased compared to Q1 2022.
Key Takeaways
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.
Operating revenues increased by $1,161,000 compared to Q1 2022.
Net income decreased by $206,000 compared to Q1 2022.
Earnings per share decreased by $0.03 compared to Q1 2022.
The company invested $10.6 million in capital projects during the quarter.