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Jun 30, 2022
York Water Q2 2022 Earnings Report
York Water's Q2 2022 earnings increased due to revenue growth from customer base expansion and infrastructure improvements.
Key Takeaways
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.
Operating revenues increased by $1,098,000 compared to Q2 2021.
Net income increased by $545,000 compared to Q2 2021.
Earnings per share increased by $0.01 to $0.36 compared to Q2 2021.
Revenue growth was driven by customer base expansion and the Distribution System Improvement Charge (DSIC).
York Water
York Water
Forward Guidance
The Company estimates it will invest an additional $26.0 million in 2022, excluding acquisitions, for armoring and replacing the spillway of the Lake Williams dam, additional main extensions, and routine improvements to its pipes, service lines, and other facilities.