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Jun 30, 2021
York Water Q2 2021 Earnings Report
York Water's operating revenues and net income increased compared to the second quarter of 2020.
Key Takeaways
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.
Operating revenues increased by $481,000 compared to Q2 2020.
Net income increased by $302,000 compared to Q2 2020.
Basic and diluted earnings per share increased by $0.03 compared to Q2 2020.
Revenue growth was primarily driven by an increase in the customer base and higher billing and revenue collection services.