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Jun 30, 2020
York Water Q2 2020 Earnings Report
York Water's second quarter earnings increased due to higher revenues from residential consumption and customer base growth, offset by increased expenses and depreciation.
Key Takeaways
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.
Operating revenues increased by $272,000 compared to Q2 2019.
Net income increased by $465,000 compared to Q2 2019.
Earnings per share increased by $0.04 compared to Q2 2019.
Revenue growth was primarily due to increased residential consumption and customer base growth.